(Reuters) – Myanmar “feels sad” over a U.S. decision to sanction a military general, a government spokesman said, after Washington linked the commander last week to abuses against the Rohingya Muslim minority. “This targeted sanction is based on unreliable accusations without evidence, as we have repeatedly said, so we feel sad for that,” Zaw Htay, […]
Geraldine Samson named Montgomery Fitch + Yangon head
October 3, 2017 by
Montgomery Fitch COO Geraldine Samson was recently appointed Regional Director for the global creative agency’s upcoming foray into the Myanmar market. The agency is aiming to bring its diverse portfolio of communications and technology services into a burgeoning and rapidly emerging market with a World Bank- projected 7.1% growth rate over the next three years. […]
Myanmar’s Infrastructure Deficit Outpaces the World
August 22, 2017 by
SYDNEY — A wide-ranging assessment of Myanmar’s infrastructure deficit and its ability to start closing the gap has found that the country is likely to meet only half of those investment needs by 2040, dampening hopes that it can lift the estimated 54 million population out of poverty by then. Of the 50 nations surveyed […]
Myanmar’s New Struggle: Keeping Foreign Investors Happy
March 21, 2017 by
A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]
Bakers appoints new MP in Yangon
June 28, 2016 by
Baker & McKenzie has relocated partner Jo Daniels from Brisbane to Myanmar and named her managing partner of its Yangon office. Daniels succeeds Chris Hughes, who left the firm in August 2015 to launch Berwin Leighton Paisner’s office in Yangon. At that time, Baker & McKenzie brought back John Hancock, its former Asia-Pacific chairman, as […]
High-Rise Limits in Old Rangoon: a Step in the Right Direction
May 22, 2014 by
Rangoon is at a major turning point in its urban planning history. The city’s first comprehensive plan to limit the height of new buildings has been drafted. In the coming weeks, members of the public will be able to officially comment on it during a public hearing by the Yangon City Development Committee’s zoning committee. […]
Myanmar Firms Feel Pinch From Abroad
August 3, 2013 by
YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]
