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Suu Kyi woos Czech investors to invest in Myanmar

In light of incentives for foreign investors including a seven-year income tax reduction in its three special economic zones (SEZ), Myanmar deserves to achieve responsible investments from Czech businesses in the coming months, State CounsellorAung San SuuKyisaid at the Czech-Myanmar Business Forum held in Prague. “Myanmar has the potential to grow into a market similar […]

Civilians trapped as Myanmar rebels squabble over expected China boom

With artillery exploding around her village in Myanmar’s northeast, 70-year-old Nan Nyunt fled to a monastery, one of thousands of civilians trapped between rebel groups who are fighting for influence as a China-driven economic boom looms. “Houses were on fire and a buffalo died,” she told AFP, huddled on the floor with other elderly displaced […]

China and Japan in Myanmar

Since 2015, Myanmar has been heading toward a market approach. There is also huge potential for the country to upgrade its structure with China, and also within the rest of the country. Things have been moving in the right direction. China and Japan have been assisting Myanmar’s Government despite the Rohingya crisis Myanmar is a […]

Government announces new MIC appointments, U Thaung Tun as new chair

The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]

Myanmar’s electricity goals depend on ODA

With 5.5 percent annual growth of gross domestic product, Myanmar was one of the fastest growing countries in ASEAN during 2011-2015. The growth of Myanmar’s economy is heavily influenced by the government’s focus on promoting special economic zones among investors.Subject to the implementation of this focus, infrastructure development in energy is vitally important to make […]

Bangladesh’s policymakers should get to the bottom of low FDI

Policymakers should find the reasons behind the low inflow of foreign investment to Bangladesh despite a number of agencies’ efforts to boost receipts, said a top official of an investment agency yesterday. “We have a number of organisations and yet foreign investment inflows are no more than $2.5 billion,” said Paban Chowdhury, executive chairman of […]

Dawei Torn Between Visions of Progress

Dusk had fallen when a huge crowd packed “We Love Dawei” festival at a garden in Dawei, the capital city of the Taninthary region, southern Myanmar. A variety of performances from local artists and their counterparts from neighbouring Thailand drew various groups of festival-goers. At the venue, a panel discussion on Dawei development also took […]

China’s latest Myanmar megaproject courts controversy

Nearly two years ago, Myanmar chose a Chinese consortium led by the state-run Citic to develop a $10 billion port and industrial park that could turn into the country’s largest foreign investment. With Beijing pledging to create 100,000 jobs and transform a poor region, the Kyaukpyu port plan potentially represents a huge win for Myanmar. […]

Bangladesh losing its geo-economic importance to Myanmar

The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve […]

Proposed port and highway to align Ayeyarwady with Belt and Road

Ayeyarwady may follow Kyaukphyu and Dawei to be the next region in Myanmar to embrace a deep-sea port together with other infrastructure projects, with a feasibility of the scheme currently under progress. U Ye Lin from Myanmar Construction and Development Public Co said that a feasibility study is being carried out jointly with South Korea-based […]