Myanmar develops gold trading avenues

Myanmar is making progress in developing legal avenues to export gold. The Ministry of Commerce (MOC) yesterday said it would remove the metal from its restricted exports list and open a service centre near the Peoples’ Square in Yangon to handle the legal trading of gold. An official notification has yet to be issued. Legal […]

Myanmar, Thailand ink agreements on airlines, shrimp breeding

Myanmar and Thailand yesterday signed several agreements which further cemented ties between the two countries. These included a bilateral airline agreement, inked at the Myanmar Foreign Minister’s office, as well as a second agreement to improve an existing shrimp breeding zone with the aim of facilitating development in Rakhine State. The agreements were signed after […]

The Opening of an India-Myanmar Land Border Crossing: A Boon for Northeast India

The recent opening of two land-border crossings between India and Myanmar at Tamu/Moreh in the state of Manipur and Rihkhawdar-Zowkhawtar in Mizoram will go a long way toward bringing India and Myanmar closer. According to a statement issued by the Indian Embassy in Myanmar, “the landmark Land Border Crossing Agreement between India and Myanmar, signed […]

Telenor Survey Shows Myanmar Women Feel Happy and Optimistic When Using Mobile Phones

A recent Telenor Group survey showed Myanmar women found happiness and optimism as one of their top feelings associated with mobile usage. The survey which was conducted in six countries; Myanmar, Thailand, Malaysia, Singapore, Sweden and Norway; with a sample of 1,300 professional women aged 25-40 gave interesting insight into the habits and values of […]

State Counselor’s Tourism Plan Promising but Hard to Implement

While giving State Counselor Daw Aung San Suu Kyi high marks for her strategies to reform the tourism sector, tour operators point out that conditions on the ground make her suggestions hard to implement. Speaking at a National Tourism Industry Development Central Committee meeting in Naypyitaw on Friday, Daw Aung San Suu Kyi put forward […]

Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Myanmar gold exports could rise to 20 T in 2019 -industry official

KOCHI, India, Aug 4 (Reuters) – Myanmar could export as much as 20 tonnes of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday. A pick-up in legal exports will reduce the smuggling […]

PTT’s Expansion Plans Will Benefit Myanmar’s Natural Gas And LNG Sector

Myanmar’s energy sector will benefit from PTT’s overseas expansion strategy, as the state-owned looks to diversify away from the mature and saturated Thailand market. PTT’s focus will be on natural gas, demand for which is expected to expand at a robust rate in Myanmar, alongside shifting government power policy. PTT investment will improve domestic gas […]

Myanmar Gold Exports Could Rise to 20 Tons in 2019: Industry Official

Kochi, India. Myanmar could export as much as 20 metric tons of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday (04/08). A pick-up in legal exports will reduce the smuggling of gold […]

State-owned Thai oil company unit to invest more in Myanmar

BANGKOK — Thailand’s PTT Exploration and Production, a subsidiary of Thailand’s national oil and gas conglomerate PTT, plans to greatly expand its investment in Myanmar. The company aims to join a new round of bidding for oil and gas exploration rights, due to open by the end of this year, in hopes of cashing in […]