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Negotiations on to ensure Alipay, WeChat use CBM payment gateway

Negotiations are under way to make sure transactions on the WeChat Pay and Alipay services — which are used by Chinese tourists visiting the country — pass through the payment gateway of the Central Bank of Myanmar (CBM), said Naw Pan Thinzar Myo, the Yangon Region Minister for Kayin Ethnic Affairs. The move would help […]

Foreign casino operators looking to set up in Myanmar

A number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986. Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Are municipalities Myanmar’s champions of reform?

2017 was a difficult year for Myanmar. The rocky peace process and crisis in Rakhine have complicated the government’s effort to put together a reform agenda following five decades of authoritarian rule. In such a challenging context, it is easy for bureaucratic inertia to set in and for people within government to become more risk […]

Minister says Myanmar open to allow casinos: report

Myanmar’s minister for hotels and tourism, Ohn Maung, says the national government is not opposed to casinos being developed in the country, as a way to boost the tourism industry, reports Myanmar-based English-language Eleven Media. The minister’s comments were made in response to a question by a member of the lower house of the country’s […]

Parliament passes condominium law

Mired in legislative gridlock until the dying days of the outgoing government, the condominium law finally squeaked through parliament on January 22 after years of back-and-forth argument between the upper and lower houses. The president still has to approve the law, but in principle foreigners will now have the right to buy up to 40 […]