Myanmar Insists no North Korea Links as U.S. Envoy Visits

Myanmar has no military ties with North Korea, a Myanmar official said on Monday, as a U.S. diplomat responsible for North Korea arrived for talks in which he was likely to seek assurances on efforts to isolate it.Ambassador Joseph Yun met Myanmar’s State Counsellor Aung San Suu Kyi and the military’s commander in chief in […]

Garment manufacturing: How to navigate Myanmar’s ethical maze

As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]

Myanmar’s 1st MMA champ Aung La N Sang: ‘I’m no politician, but I fight for my people

SINGAPORE: Aung La N Sang feels good. “Amazing”, even, with barely a week having passed since he was crowned Myanmar’s first-ever mixed martial arts (MMA) champion. On June 30, willed on by a thunderous Yangon home crowd, the 32-year-old underdog stunned his undefeated opponent to capture the middleweight title belt of ONE Championship, Asia’s largest […]

Traders repeat calls for tax reduction

Businesses in jade and gemstone sector have, again, asked for tax reduction, and have set out recommendations for the government with the aim to make Myanmar competitive in gemstone export. During a meeting last week, the vice president and the minister of the Ministry of Planning and Finance have been requested by various businesses in […]

Myanmar Announces 10 Prioritized Areas for Investment

YANGON, June 28 (Xinhua)– Myanmar Investment Commission (MIC) has announced 10 areas which will be prioritized for investment by both local and foreign entrepreneurs, Myanmar News Agency reported Wednesday. The 10 prioritized areas for investment include agriculture, livestock and fishery, export promotion, import substitution, power, logistics, education, health care, affordable housing construction and establishment of […]

Deals Designed to Keep The Lights on in Emerging Markets

Demand for power in the emerging markets of the Asia-Pacific region is rising so fast that authorities often struggle to secure the private international finance needed to keep pace with rising energy needs. In some cases, it is falling to lawyers to tempt international investors to stump up funds for power projects in some of […]

Effort to get tax exemption to export garment

Local garment factories are attempting to export their own branded garments, according to the Myanmar Garment Entrepreneurs Association. Currently, local garment factories export their products with the Cut-Make-Pack (CMP) system. “We are unable to export our products with the Free-On-Board (FOB) system. Currently, we are trying to get tax exemption for the FOB system. “We […]

Government Plans to Ship Fuel From Thilawa to Yangon in a Bid to Slash Transport Costs

The Yangon govern­ment has unveiled a proposal to begin transporting oil and pe­troleum products from Thilawa to Yangon via ship in a bid to reduce transportation costs in­curred by consumers at the pump, a chief minister has said. Under the proposal small oil tankers, with a capacity of up to 3,000 tonnes, would load up […]

Five awarded Eisenhower Fellowship with the assistance of Max Myanmar Zaw Zaw

Zaw Zaw (right) of the Max Myanmar Company speaks to Colin Powell, former US secretary of state. Five citizens have got Eisenhower Fellowship sponsored by the United States for the first time with the assistance of Zaw Zaw, chairman of Max Myanmar Group of Companies. The Eisenhower Fellowship 2017 Programme will start on October 1 […]

Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]