Mining in the Mekong: Myanmar to outperform, Thailand to underperform – report

There is big opportunity, and and also big risk in the Mekong mining sector, according to recently published report. Fitch Solutions Macro Research’s industry analysis maintains the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amid a myriad of […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

World Bank cuts Myanmar’s growth forecast to 6.2%

The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]

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 […]

Govt. plans to attract more tourists through Maw Taung gate

Maw Taung border gate in Myanmar-Thailand border is seeing less tourists and it need to open permanently to attract the tourists, according to officials and traders. Trading and tourism sectors through Maw Taung border gate have restrictions as it is a special temporary border trade post in Thailand side. Myanmar opened the border gate as […]

Medicine importers urged to weather kyat’s woes

A national trade group has urged importers and exporters of medicine and medical equipment to charge fair prices and not interrupt supplies to hospitals, clinics, doctors and patients because of the US dollar’s high exchange rate. “Our association has no administrative power, so we appeal to importers and exporters of medicine and medical equipment, in […]

Interview: Dr. Wanchai Sirisereewan Talks Medical Tourism

As interest for regional economic collaboration continues to grow in all sectors, healthcare is continuing to improve in many Southeast Asian countries. As a result, the region is quickly gaining interest from the global community. This is partially due private sectors who have worked hard to promote medical tourism and travel. One example is the […]

Scan raises capital for Myanmar operation

SET-listed Scan Inter Plc (SCN), a natural gas trader and operator of compressed natural gas (CNG) stations, has increased its registered capital by 97.63 million baht via a private placement (PP) to beef up its solar power plant operation in Myanmar. The registered capital comes at an offering price of 4.50 baht per share. Scan’s […]

Fresh water fish scale in demand for use in cosmetic

Thailand and Japan is buying freshwater fish scales for use in cosmetic products according to Win Kyaing, general-secretary of Myanmar Fish Federation. Buyers from Thailand and Japan came to Myanmar to buy freshwater fish scales. “On September 7, buyers from Japan discussed with us for buying fish scales. They want Tilapia fish scales. They said […]

Colliers Property Report: Yangon Hotel Quarterly Review Q2 2018

  Influx of Asian Tourists Spurred Demand Paul Ryan Cuevas Analyst | Research & Advisory As of H1 2018, Yangon witnessed a significant 6% YOY rise in the citywide occupancy rate. Resulting from the improvements in the overall tourist arrival figures coupled with the absence of project completions in Q2 2018, occupancy almost breached the […]