State Counsellor urges entrepreneurs to help grow nation’s wealth

Myanmar’s business community has an important role to play in ensuring the country’s political voice is heard on the global stage, State Counsellor Daw Aung San Suu Kyi said at the meeting between government officials and business persons and at Myanmar Convention Centre in Nay Pyi Taw yesterday. She said the reason Myanmar’s political voice […]

State Counsellor delivers an address on Democratic Transition in Myanmar: Challenges and the Way Forward

State Counsellor Daw Aung San Suu Kyi delivered the 43rd Singapore Lecture titled “Democratic Transition in Myanmar: Challenges and the Way Forward” at Grand Hyatt in Singapore on 21 August. The following is the full text of her lecture. Your Excellency Mr. Teo Chee Hean, Deputy Prime Minister and Coordinating Minister for National Security of […]

Border zone with China to go ahead

An approval regarding the location of the proposed China-Myanmar border economic zone will be given “soon”, assistant secretary U Khin Maung Lwin from the Ministry of Commerce told The Myanmar Times. The discussions were carried out last week by the implementation body with priority made between Kachin and Shan states as they share the border […]

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

Myanmar shouldn’t write off China without understanding her neighbour

An old Chinese proverb goes like this: “Three men make a tiger.” It means that if an unfounded premise is repeated many times, the premise will be accepted as the truth. Once this “tiger” is invented, it would be extremely difficult to dispel it from people’s minds, especially when we are living in a post-truth […]

Golden Myanmar Business Exchange Plans $5 Million Data Center

GMBX, which bills itself as Myanmar’s only provider of wholesale infrastructure-as-a-service based on OpenStack, is a joint venture between Yangon-based Golden TMH Telecom Co Ltd (GTMH) and Golden 11 Investment International. The company already operates a data center in East Dagon with a current capacity of 100 racks, which could be expanded to about 400 racks, according to Kyaw Naing, […]

UEHRD says Rakhine harvest will be returned to owners

THE harvest in northern Rakhine will be returned to their owners, according to the committee which is headed by State Counsellor Daw Aung San Suu Kyi to help bring peace and development to the region. The Union Enterprise for Humanitarian Assistance, Resettlement and Development in Rakhine (UEHRD) released a statement yesterday saying that the paddy […]

Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Govt urged to establish Belt and Road taskforce

From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]

Stability of pulses market sought after India policy

Following India’s Restricted Pulse Import Policy, a co-ordination meeting on plans for Myanmar’s pulses exports in respective sectors was held at the Ministry of Commerce in Nay Pyi Taw yesterday morning. India’s Ministry of Commerce and Industry recently issued an import policy change to import only 200,000 tons of toor whole on 5 August, and […]