Peace process is the way forward

The government will not back down from the peace process despite the hardships it faces getting all ethnic armed groups to the negotiating table, State Counsellor Daw Aung San Suu Kyi said Sunday at the second anniversary of the signing of the Nationwide Ceasefire Agreement (NCA). “It is the second anniversary of the signing. There […]

Shan businesses press for Mandalay-Muse route revamp

THE business community in northern Shan State urged the government to take measures concerning trade promotion and economic development, which includes upgrading the Mandalay-Muse highway, at a meeting with Vice President U Myint Swe. The Mandalay-Muse highway is the main route for the country’s border trade, according to the Hong Kong Trade Development Council. A […]

Oiling the wheels of the super-rich

Nyi Nyi Lwin, owner of newly opened luxury car workshop Optima Werkz Yangon, first developed a love for fast cars during his university years in Australia about a decade ago. That passion has grown in the years since he began dealing in luxury cars since returning to Yangon. Today, he and his family, who run […]

Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Max Myanmar looking for partnership in financial services

Max Myanmar Holding Co, a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Business Community: Govt Must Clarify Laws to Secure Investment

​​ RANGOON — Local and international business leaders urged the ruling National League for Democracy (NLD) government to clarify the country’s laws to secure significant foreign investment. The comments were made at a forum on promoting business in Burma at the Sedona Hotel in Rangoon on Thursday organized by international media company Bloomberg and attended […]

Myanmar’s Max Looking for Financial Services, Banking Partners

Max Myanmar Holding Co., a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]