Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

Myanmar army moves worry China

Since the Kofi Annan Commission on Rakhine state announced its recommendations a month ago, Aung San Suu Kyi has been insisting that her government is committed to implementing them. As a part of this plan, a ministerial-level committee to monitor progress on the implementation of the commission’s recommendations has been formed. But the government has […]

Myanmar Told to Move Now for OBOR Benefits

MYANMAR will miss out on the benefits of participation in China’s One Belt, One Road trade initiative if it doesn’t get moving now with preparations, a forum was told. Aye Lwin, a member of the Myanmar Investment Commission and the ruling National League for Democracy party’s Central Economic Committee, said Myanmar must cooperate with its […]

Why India Isn’t Really ‘Acting East’ in Myanmar

As an ascendant economic and political power, India has long been eager to assert its influence on the global stage, particularly in neighboring Southeast Asia. India’s intentions for foreign engagement are best articulated in its so-called Act East policy, an ambitious effort to elevate Indian influence via economic and strategic links with the subregion. Central […]

Insurance in Myanmar: Spreading the Risk

Even though insurance has been around for over one hundred and fifty years in Myanmar, it has all the makings of a new phenomenon.  Before independence in 1948, there were between eighty to one hundred firms operating.  As a republic with a short stint of democracy at its birth and subsequent decades of military rule, […]

Health Insurance Companies Struggle to Find Customers

The experimental health insurance system introduced last year has seen a mediocre 2,092 subscribers until now, indicating a huge lack of public awareness. The system started in July 2015 for a trial period of one year in order to support the public when they have health issues. State-run Myanmar Insurance Enterprise (MIE) and 11 local […]

Avoid Gambles: Yangon Chief Minister

​​ According to Yangon Region Chief Minister Phyo Min Thein, businesses should avoid high-risk investments as more major projects develop. At a meeting between Vice President Myint Swe and the Federation of Chambers of Commerce and Industry (UMFCCI), Phyo Min Thei claimed that a deep water port project, a special economic zone and a new city development plan would soon be unveiled. He cautioned against businesses building […]

Myanmar Offshore Supply Base Debacle or Miracle in Waiting?

In a recent briefing regarding the development of an offshore supply base conducted by Asia Pacific Connex, there was much enthusiastic debate around the provision of this key infrastructure. Particular emphasis was placed on the need to improve local content in the Myanmar offshore gas developments and to create a framework to harness offshore development […]

Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

Gas turbine in Thilawa SEZ to distribute power starting in May

THE construction of a natural gas turbine in the Thilawa Special Economic Zone (SEZ) is over 89 per cent complete. The gas turbine is expected to distribute power starting in May. “A power supply of 20 megawatts was received from the government. A 50-megawatt gas plant has been built with the assistance of a JICA […]