fbpx

With U Set Aung in charge, no excuse for Kyaukphyu to repeat Thilawa’s rights abuses

Chair of Thilawa Special Economic Zone Management Committee (TSMC) is now also at the helm of Kyaukphyu’s SEZ body. Given that there is now an SEZ precedent to learn from, U Set Aung should ensure Kyaukphyu does not repeat the human rights abuses and lack of transparency in which Thilawa was mired. U Set Aung, […]

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

Myanmar’s Planning and Finance Minister Submits Resignation

NAYPYITAW — Planning and Finance Minister U Kyaw Win has submitted his resignation to the president amid reports that he is being investigated by the Anti-Corruption Commission and the Bureau of Special Investigation (BSI), sources close to the matter told The Irrawaddy. Since last week, news reports have circulated alleging that the minister and his […]

Lack of policy direction leads to drop in investor confidence

Alarm bells are ringing after a substantial drop in investor confidence in Myanmar as a result of the lack of a clear economic policy and plan in the economy. According to the second Myanmar business confidence survey conducted by Roland Berger in partnership with Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]

Businesses push for better communications with Nay Pyi Taw

THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and foreign investors at a recent investment forum held in the country’s capital. Investors in Myanmar would like to see a push towards further liberalisation of the economy. More people are taking part in the private […]

Govt urged to establish Belt and Road taskforce

From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]

The Clock is Ticking for Myanmar Government to Show Real Progress

Myanmar is not the only country in ASEAN which attracts foreign direct investments (FDIs), Simon Tay, chair of Singapore Institute of International Affairs (SIIA), said during the sideline interview of the 2nd ASEAN-Myanmar Forum held in the commercial capital yesterday. He added that the critical thing is to see some real progress in the next […]

The members of the new Myanmar Investment Commission has been announced

THE Myanmar Investment Commission (MIC) was reshuffled on Tuesday with the appointment of U Kyaw Win, Union Minister for National Planning and Finance as chairman and U Than Myint, Union Minister for Commerce as vice chairman. The reformed commission includes 11 new members, while U Aung Naing Oo, former Secretary of the MIC, has been […]