After winter gas crunch, China pumps for underground storage

CHONGQING, China (Reuters) – On one of the many mountains in southwest China’s sprawling region of Chongqing, a dozen wells in an exhausted gas field are this week starting to take in fresh fuel piped in from Central Asia’s Turkmenistan, thousands of miles away. For the next six months, state energy giant PetroChina, operator of […]

Can family businesses be transparent?

I agree that family businesses are the bedrock of the global economy,” says a friend who works in a multinational corporation. “Our company started as a family business in the United States a century ago.” “But the problem with many family businesses in Asia is they are veiled in secrecy,” she adds. “They are so […]

Harley-Davidson Opens Showroom in Mandalay

MANDALAY — The American motorcycle manufacturer Harley-Davidson opened its first authorized showroom and service center in Myanmar on Saturday in Mandalay. Mandalay has drawn the attention of motorcycle dealers, with numerous motorcycle clubs and riders. “With Myanmar’s recent economic development and a large community of riders in Mandalay, it was a logical place for us […]

Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports

Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

India China News: China hints it can rename CPEC if India joins OBOR initiative | India News

BEIJING: The Chinese foreign ministry on Thursday responded to a statement by its ambassador in India, Luo Zhaohui, who recently said Beijing is prepared to rename the China-Pakistan Economic Corridor (CPEC) to address India’s concerns+. The ministry neither endorsed nor denied Luo’s statement, suggesting that it was encouraging Luo to negotiate with New Delhi over […]

Marking 70 Years of US-Myanmar Relations

Today we commemorate a milestone anniversary in the relations between the United States and Myanmar. It was 70 years ago today, on September 18, 1947, that the US Department of State announced that the governments of Burma and the United States had “agreed to exchange representatives with the rank of ambassador.” That announcement was made […]

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 […]

China Showers Myanmar With Attention, as Trump Looks Elsewhere

NAYPYIDAW, Myanmar — When Myanmar’s leader, Daw Aung San Suu Kyi, wanted to hold a peace conference to end her country’s long-burning insurgencies, a senior Chinese diplomat went to work. The official assembled scores of rebel leaders, many with longstanding connections to China, briefed them on the peace gathering and flew them on a chartered […]