Japanese beer company probing if donations went to Myanmar forces

Japanese beer company Kirin is investigating whether its donations went to Myanmar’s military, accused of brutal attacks against Rohingya Muslims. Amnesty International has urged Japanese authorities to look into donations Kirin’s subsidiary Myanmar Brewery made in September and October last year. A televised ceremony for a US$6,000 donation showed the commander of Myanmar’s military. Tokyo-based […]

Want to Buy North Korean Hotels and Airlines? Look to Myanmar

As the world waits to see if U.S. President Donald Trump and North Korea leader Kim Jong-Un actually meet, investors hoping to profit from peace on the Korean peninsula could learn lessons from Myanmar. The Southeast Asian nation became a significant drawcard for foreign investors when it began reforming its economy in 2011 after decades […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

Uber, Grab do things a little differently in Yangon

Uber Technologies and Grab, two of the biggest names in the ride-hailing business, are rapidly expanding in Myanmar’s largest city, where the spread of smartphones is unlocking big opportunities. Yangon’s authorities appear to have rolled out the welcome mat for them, viewing the services as a way to improve the city’s underdeveloped transport infrastructure. Going […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Can Myanmar sustain growth momentum?

YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]

Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Myanmar’s Fans of Right-Hand Cars Feel Wronged by State Ban

YANGON, Myanmar—Driving a car here is like waiting for an accident to happen. More than nine out of 10 cars in Myanmar are right-hand drive, as they are in Britain and Japan, but the cars drive on the right-hand side of the road as they do in the U.S. That combination occurs as in few […]

Inle Lake, the most visited spot in Myanmar

Nyaungshwe, the principal town in the Inle Lake area, tops the list of most popular international travel destinations in Myanmar, followed by Bagan- NyaungU, which hosts about 300 foreign visitors per day. Approximately 600 foreigntourists enter Nyaungshwe daily to visit Inle Lake, the popular inland freshwater lake. The Ministry of Hotels and Tourism has put […]