Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

Over the last year, Myanmar’s energy sector stumbles in right direction

Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]

Work on Myanmar dam goes on under heavy guard

Work on a massive hydropower dam appears to be picking up in eastern Myanmar as the electricity-starved nation seeks ways to light more homes amid protests from locals and environmentalists. Locals say employees of a Chinese state-owned power firm in Shan state have been working under heavy guard at the Mong Ton Hydropower project along […]

Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

India’s visa-free policy lures Myanmar tourists

Myanmar travellers to India increased by more than 10 percent in 2017 compared to 2016, apparently boosted by India’s new visa-free policy for all Myanmar visitors starting in September 2017. Indian Prime Minister Narendra Modi announced the free visas for all Myanmar citizens during a visit to Myanmar last September 6. “More than 10pc growth […]

Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

JICA to fund new projects to replace old suspension bridges

The Japan International Cooperation Agency (JICA) will fund the construction of new bridges to replace ageing suspension bridges in some areas of the country, an official of the Japanese aid agency said. Among the new bridges that JICA will fund include the one that will replace the Gyaing suspension bridge in Kawkareik township of Kayin […]

Tanintharyi’s fisheries potential marred by illegal exports

Although fishing and marine products make up the bulk of Tanintharyi Region’s GDP, illegal exports have for years deterred the industry’s potential for growth. Without new policies and oversight, authorities warn that Myanmar will continue losing millions worth of valuable fisheries exports to illegal traders in neighbouring Thailand. Myanmar fisheries play an important role under […]

Myanmar needs ‘more transparency, strategies’

MYANMAR’S hopes of becoming Asia’s last frontier market would be realised only if the government could create a clear and transparent regulatory environment for attracting investment and financing the economy, according to Patrick Cooke, regional editor for Asia at Oxford Business Group (OBG), a global research and consultancy firm. “It is imperative that the government […]

Disappointment at government hasn’t eroded support among businesses: academic

The disappointment at the current government’s sluggish economic reforms has not eroded the support among businesses, according to a Mandalay and Bangkok-based academic. On the contrary, businesses are worried that a failure of the administration will roll the country back to the junta era. The Myanmar Times talked to Pietro Borsano, lecturer at Mandalay International […]