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Plenty of political will but no cash for New Yangon project

Large areas west of the Yangon River here look dark and depressed, at least from an airplane taking off or landing from the capital’s airport after sunset. In stark contrast to the city center, on the east side of the river, where high-rise commercial buildings and shiny condominiums are popping up, the opposite bank gives […]

Myanmar takes new measures to promote foreign investment

YANGON — Myanmar has reformed its investment commission recently and will soon enforce a new companies law in a bid to promote foreign investment. The new Myanmar Investment Commission was reorganized with 13 members with Minister at the Office of the Government U Thaung Tun as chairman. Along with the enactment of the new Myanmar […]

China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]