Through reclusive Wa, China’s reach extends into Suu Kyi’s Myanmar

China is extending its sway over an autonomous enclave run by Myanmar’s most powerful ethnic armed group, sources in the region told Reuters, bolstering Beijing’s role in the peace process that is the signature policy of Aung San Suu Kyi. The “foreign policy” of the self-proclaimed Wa State is closely monitored by Beijing, senior officials […]

Deadly Jade Landslide Shines Light on Pitfalls For Investors Eyeing Murky Industry

​​ A landslide in Kachin’s infamous jade mining region has killed at least 20 people, according to reports, in the latest disaster to blight the murky industry. Another two people were injured when a 400ft mound of debris in Hpakant gave way last Wednesday, burying foragers who were searching for fragments of precious stones, according […]

Myanmar Expected to Have Earned $2 Bn From Garment Industry

​​ It is expected that Myanmar could earn about US$ 2 billion from CMP (cutting, making and packaging) garment industry, which is running under a piecework system, in 2016, according to Myanmar Garment Entrepreneurs Association. US$ 1.65 billion was earned in 2015, and over US$ 1.1 billion has been earned between April and November of […]

Myanmar Confident of Topping $6 Bn FDI

​​ THE MYANMAR Investment Commission is confident of reaching its $6 billion (Bt216 billion) target for foreign direct investment in the 2016 fiscal year to March 31, although the nine-month figure accounts for only slightly half of the target. Despite the decline in FDI inflow, Aung Naing Oo, director-general of the Directorate of Investment and […]

Massive Jump in Myanmar Garment Exports This Year

​​ In this financial year, the Myanmar apparel industry operating under the cut make pack (CMP) system, has exported more than $1 billion dollars worth of clothing till November 11. As against this, the country shipped garments totalling $408.4 million in the same period in the previous year, a massive jump of $690 million or 145 per […]

Hundreds of Companies Caught in UWSA Tin Mine Supply Chain

Hundreds of companies from around the world may be using tin sourced from a mine under control of the United Wa State Army (UWSA), according to a Reuters report released yesterday. Several of the firms named in the report told The Myanmar Times they were responding to the findings. The Reuters investigation claims that several Chinese-controlled firms which source […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

Myanmar under discussions with U.S. to export straw mushrooms

Discussions regarding mushroom exports is ongoing with the United States, said an official from the Myanmar Mushroom Cultivators and Distributors Association. Myanmar is negotiating with the U.S. to export 100 tonnes of straw mushrooms annually. A company from China (Taiwan) is providing assistance in the discussions, said U Nay Win, the chairman of Myanmar Mushroom […]

World’s Youngest Stock Market Struggles in Myanmar

YANGON, Myanmar (AP) — The day’s trading is about to begin on the world’s youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar’s commercial capital. A gilded […]

Tapping Into Myanmar’s New Taste for Foreign Food

As their nation emerges from decades of isolation, the people of Myanmar are developing appetites for new and foreign things, especially food and drink. Imports of foods and beverages have skyrocketed since 2011, driven by rising incomes, urbanisation and the influence of foreign media. Imported condiments, such as MSG, instant cooking paste, seasoning powders and […]