Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

Alibaba buys Rocket Internet’s Daraz to expand its e-commerce empire into South Asia

Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz […]

Zuckerberg apologized for Myanmar Violence

Last week, after frustrated activists from Myanmar sent an open letter to Mark Zuckerberg, the chief executive of Facebook, they got something unexpected: a reply. The activists, representing six civil society organizations, harshly criticized Mr. Zuckerberg in the letter, saying he had mischaracterized Facebook’s response to violence-inciting messages in Myanmar and had not devoted sufficient […]

Myanmar Strategic Holdings in JV to operate Yangon private school

Myanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]

India explores “cheap power” sales to neighbours

India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term basis and wants state utility NTPCBSE -0.92 % to expand overseas, its power minister said on Tuesday. Indian companies such as Reliance PowerBSE 1.98 % Ltd and Adani Power Ltd have already signed agreements to supply power to Bangladesh, […]

Prospects Improving in E-commerce

Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]

Local, Foreign Demand for Beans and Pulses Rises After India Stops Imports

Bangladesh, Sri Lanka, Pakistan and Nepal have replaced India as the main importers of Myanmar’s beans and pulses, U Min Ko Oo, Secretary of Myanmar Pulses, Beans & Sesame Seeds Merchants Association, said. After the Indian Foreign Trade Department said in August that it was restricting the import volume quota of black matpe, mung beans and […]

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 […]

China-India rivalry warms up in South Asia

For all the bilateral co-operation and warmth within the BRICS and other institutions, the intense China versus India rivalry remains as competitive as ever in South Asia. Being the stronger and more developed country, China generally takes the initiative in the race for regional supremacy and sets the pace. Its latest move, an offer for […]