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Five sectors driving Myanmar’s economic growth in 2018-19

Myanmar’s economy has taken a beating in recent quarters, with a rising number of companies reporting tougher business conditions and a slowdown in market demand. One of the main reasons is the rising foreign exchange rate. Despite a slew of measures taken by the Central Bank, which included pumping millions of dollars from its reserves […]

Taninthayi govt seeks upgrade of Dawei airport

The regional government of Taninthayi will submit a proposal to upgrade Dawei airport to the Union Government. The officials of Hithar Group Holdings Co and Bangkok Aviation Services Enterprise (BASE) explained matters relating to the project of upgrading Dawei airport to Taninthayi officials at the office of regional government on February 6. The regional government […]

China Bounces Back in Myanmar as West Retreats

The year 2017 was a momentous one for China in so far as regaining its ground in Myanmar is concerned. China not only leveraged its salience in the ongoing peace and reconciliation process but also took advantage of Myanmar’s difficulties with the UN and the Western countries on the Rohingya crisis. Further, Beijing was able […]

NLD government to face tougher challenges in 2018

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

New Strategy Needed to Heal “Sick” Myanmar Economy

A new strategy encompassing the customs and values of the Myanmar people, including members of the Tatmadaw, residents, civilians and nationals residing abroad, is necessary to treat a “sick” Myanmar economy,” said Dr. Myint, who was Chief Economic Advisor of former President U Thein Sein, during the Union of Myanmar Federation of Chambers of Commerce […]

Still no Decision on Hotels in Bagan Zone

The government is yet to decide on what to do with the hotels in Bagan heritage zone, even as the UNESCO has been suggesting their relocation since 2013. “UNESCO suggested the transfer of the hotels and buildings in heritage zone to other places since 2013, but no action has been taken yet,” UNESCO’s national project officer […]

Why the visit of Myanmar’s military chief is important to New Delhi

The commander-in-chief of Myanmar defence forces, senior general Min Aung Hlaing, is currently on an eight-day tour of India. He is visiting numerous cities such as Gaya, Varanasi, Ahmedabad and Vishakhapatnam and will meet several military and civilian leaders. On 14 July in New Delhi, he is scheduled to meet Prime Minister Narendra Modi, defence […]

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 and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Battling for Blood Jade: Inside One of the World’s Most Dangerous Industries

When the earth collapsed, as it does nearly every day in the jade hills of Myanmar, Ye Min Naing was poised on a steep slope of rubble and scree. It was a rainy night six months ago, at the tail end of the monsoons. A truck with wheels the height of a man had just […]