Myanmar Labor Minister Commits to Working Toward Elimination of Child Labor

Half of Myanmar’s child laborers work in dangerous conditions for low minimum wages as the Southeast Asian country strives to eliminate the ubiquitous practice of employing young people, the country’s labor minister said Monday. “Half of Myanmar’s child laborers are working in dangerous conditions, but we can’t ask them to stop immediately,” Thein Swe, the […]

Myanmar heads for liberalizing all types of insurance services

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]

Myanmar sees gains in rice, corn production

Rice and corn production in Myanmar is expected to increase in the 2016-17 marketing year, while production of wheat is forecast to fall, according to an April 20 report from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). Rice production in 2016-17 is forecast at 12.2 million tonnes, up from 12.16 […]

New Myanmar oil pipeline bolsters China’s energy security

The opening of an oil pipeline through Myanmar is a big step forward for China’s energy security, reducing the major importer’s reliance on shipments through waters where the U.S. exerts strong influence. Chinese President Xi Jinping and Htin Kyaw, his counterpart from Myanmar, agreed Monday to activate an oil pipeline stretching roughly 770km from Kyaukpyu, […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]

South Korea in Myanmar: Missing the Train to Naypyitaw?

South Korea’s interest in Myanmar lies in its economic assets: cheaper labor costs, a sizable market of around 51 million people, and natural resource wealth. Yet Myanmar has unrealized potential to play a much greater strategic role for South Korea. South Korea’s economic presence in the country is wide-ranging and Seoul has emerged as an […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Myanmar’s New Struggle: Keeping Foreign Investors Happy

A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]

Battling for Blood Jade: Inside One of the World’s Most Dangerous Industries

When the earth collapsed, as it does nearly every day in the jade hills of Myanmar, Ye Min Naing was poised on a steep slope of rubble and scree. It was a rainy night six months ago, at the tail end of the monsoons. A truck with wheels the height of a man had just […]

Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber

Myanmar’s Asia Green Development Bank Ltd. is seeking foreign partners and has held talks with Uber Technologies Inc. as it seeks to harness digital platforms to service the most under-banked country in Asia. The lender’s search for ride-sharing partners included “very preliminary” discussions with Uber’s Myanmar head, AGD Bank’s Managing Director Htoo Htet Tay Za […]