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As the West isolates Myanmar, some investors dig in for the long term

YANGON/BANGKOK — A full generation has grown up since the State Law and Order Restoration Council (SLORC) of Senior Gen. Saw Maung seized power on Sept. 18, 1988, putting a bloody end to a nationwide pro-democracy uprising that lasted some six weeks. An estimated 3,000 people died in the crackdown, which re-established direct military rule […]

Myanmar president’s resignation draws mixed reactions

YANGON — Myanmar was plunged into uncertainty on Wednesday with the announcement that the country’s president, Htin Kyaw, had resigned after two years in office. A brief notice posted on the president’s official Facebook page said simply that he had resigned effective March 21 because he needed to “rest from current duties and responsibilities.” The […]

Myanmar’s Historical High School Awarded as Heritage Building

​ YANGON, Jan. 22 (Xinhua) — The over a century-old Basic Education High School (BEHS) No.-1, Dagon in Myanmar’s former capital of Yangon has been awarded a blue plaque to be marked as an ever-memorial heritage building by the Yangon Heritage Trust, according to the education authorities Monday. The historical school is known as having […]

Myanmar and China to Cooperate on Economic Corridor

YANGON — Myanmar and China agreed Friday to build an economic corridor between the two countries, furthering Naypyitaw’s efforts to strengthen ties with Beijing as criticism over the Rohingya refugee crisis pushes it away from the West. The idea was proposed at a meeting between Myanmar State Counselor Aung San Suu Kyi and Chinese President […]

Myanmar wants more investments from PH

CLARK FREEPORT — The Republic of the Union of Myanmar is looking forward to more Philippine investments on energy and agriculture. “Philippines and Myanmar have very long standing relations since 1950s. So we want Filipino businessmen to come to Myanmar to invest particularly in energy and agriculture. We have initial discussions,” Myanmar Ambassador to the […]

China helps Myanmar in development of monetary services: Banker

YANGON — The Industrial and Commercial Bank of China (ICBC) has been helping Myanmar in development of the country’s banking and monetary services by nurturing skilled banking personnel, He Biqing, general manager of ICBC’s Yangon branch, has said. Speaking here at the opening of the “Belt and Road, Golden Myanmar” Financial Services Summit, he said […]

Myanmar Economy Needs ‘Predictable Policy,’ New Reform Leader Urges

NAYPYITAW — “Winston” Set Aung, Myanmar’s newly-appointed deputy minister for national planning and finance, has urged fellow government leaders to pursue further regulatory and policy reforms for the economic development of Myanmar during a panel session at the Myanmar Democratic Transition Forum. “It is required to establish predictable and stable policy with clear and simple […]

What’s Behind Myanmar Military Chief’s Europe Voyage?

Starting from April 22, Myanmar’s military chief Min Aung Hlaing embarked on a goodwill visit to the Federal Republic of Germany with a stopover in Austria. His trip, made at the invitation of his German counterpart, signals the continuing importance that Berlin, as well as Europe more generally, plays in Myanmar’s development as well as […]

Myanmar’s stabs at reform test public’s patience

Myanmar’s year-old government has drawn stiff pushback from its sudden cuts to a national holiday and crackdown on unlicensed buses, burning up goodwill won with the promise of change. The government said last month that the public holiday period for the Thingyan water festival marking the new year would be shortened to five days from […]

Myanmar opens Thilawa SEZ to foreign insurers

Myanmar is opening up its Thilawa special economic zone near Yangon to international insurance companies — part of a market liberalization effort expected to gain momentum this year. The government does not allow foreign insurers to offer their services outside of Thilawa — a Myanmar-Japanese joint venture and the country’s only operational SEZ. Only three […]