fbpx

China port pact in focus as President visits Myanmar

President Ram Nath Kovind’s first visit to Myanmar starting on Monday will be an occasion to build upon the strong bilateral relationship with India’s biggest link with the Asean region. However, with Myanmar signing the Kyaukpyu port project with China in November, officials in India are concerned that this port could become a greater security […]

Extortion and abuse: Myanmar workers arrive debt-laden in Thailand

A “mafia” of recruitment agents is trapping Myanmar migrants to Thailand in debt bondage despite a 2017 law meant to fight exploitation in the kingdom’s notoriously shadowy job market, activists and workers say. Migrant labour — much of it from Myanmar — has propped up Thailand’s economy for years, with foreigners working everywhere from factories […]

Anti-corruption drive dodges political donations and criminal liability

Nay Pyi Taw has stepped up its efforts to curb corruption by empowering the anti-graft body and reaching out to the private sector. Yet, the announcement from the Directorate of Investment and Companies Administration (DICA) has created confusion among businesses. Crucially, there are still no criminal liability for offering bribes and no effective regulations on […]

Myanmar opening its doors wider

REVISED investment laws in Myanmar have been welcomed as offering greater opportunities for Thai companies of all sizes to move into wholesale and retail businesses across the border. Pakainay Leng-ee, minister counsellor at the Thai embassy’s office of commercial affairs in Yangon, yesterday said Thai companies could have ownership in wholesale and retail businesses of […]

Thai-Myanmar border commerce to double by 2026

The value of border trade between Thailand and Myanmar is expected to double to US$12 billion by 2026, says the assistant spokesman of the Prime Minister’s Office. The cabinet has approved the proposed draft of policies and initiatives for the ninth Meeting of the Myanmar-Thailand Joint Commission, as diplomatic relations between the two nations turn […]

Thai’s Kim Sone bamboo a hit in Myanmar

Commercial bamboo growers in the country have set their eyes on the Kim Sone species from Thailand which is resilient and can grow in any season, said U Kyaw Win, President of Myanmar Bamboo Society. The society has been promoting and distributing Kim Sone to bamboo growers for the past three years, he said. In […]

EGATi seeks Myanmar power plants

Egat International Co (EGATi), a wholly owned subsidiary of the Electricty Generating Authority of Thailand (Egat) is in talks with local operators to construct small gas-fired power plants in Myanmar. The company is seeking at least 10 potential sites for the construction of power plants with a capacity of 5-10 megawatts. EGATi estimates the investment […]

Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Myanmar workers may gain from Thai basic wage hike

The Thai tripartite committee, which includes employers, workers and government representatives in Thailand decided on January 17 to add from 5 to 22 baht to the minimum wage, according to the Migrant Workers Rights Network (MWRN) Thursday. “Thailand has no due date for raising salaries. It used to raise wages to reflect the current commodity […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]