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Chinese, Japanese, S. Koreans to Get Visas on Arrival from October

YANGON—Amid declining tourists numbers during the first half of the year, the government on Tuesday announced a plan to ease visa requirements for Japanese, South Korean and Chinese citizens effective Oct. 1. According to the Hotel and Tourism Ministry, citizens of Japan, South Korea and China will be able to request visas on arrival at […]

Experts Divided Over Ramifications of Belt and Road Courts on Myanmar

“This is bad news for Myanmar. It will undermine Myanmar’s sovereignty and empower multinational corporations,” said Dr Charlie Thame from Thammasat University. CRITICS questioned Beijing’s decision to set up three commercial courts in China to resolve Belt and Road-related project disputes, arguing that legal disagreements involving transnational investors should be settled in host states or […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Construction of Dawei SEZ back on the cards

The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes construction of the highway as well as a deep-sea port which will link Thailand, Cambodia and Vietnam in the ASEAN region to India, the […]

Dawei SEZ to be Put on Track

The government will seek ways to put the once-suspended Dawei Special Economic Zone back on track as it is considered to benefit not only Myanmar but also the south-east Asia region. “To implement the project, ways must be sought to hold talks between Myanmar, Thailand and Japan” said Vice President U Henry Van Thio. The […]

Thai SMEs encouraged to invest in Mandalay

Thailand’s small and medium-sized enterprises (SMEs) are being urged to invest in Myanmar, especially in Mandalay, a region with abundant natural resources, strong agricultural production and growing demand for Thai goods. Speaking at a seminar in Mandalay sponsored by Bangkok Post Plc and Asset Pro Management Co, Nuttaphong Visitkitchakarn, who sits on the executive committee […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Myanmar and Aireon to Collaborate on Space-Based Air Traffic Monitoring System

The Department of Civil Aviation (DCA) in Myanmar just announced it has signed a Memorandum of Agreement with Aireon LLC, a Virginia, U.S. based air traffic surveillance system provider, to collaborate on a concept of operations and benefits analysis for the deployment of Aireon’s space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service. DCA provides air traffic control, […]