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Textiles a key focus of trade push between Myanmar and Taiwan

SEEKING to build on the rapid growth in trade between Taiwan and Myanmar, industry bodies from the two sides have signed two memorandums of understanding at a Taiwan-Myanmar Industrial Collaboration Summit. Myo Thet, vice president of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), said the agreements would help boost bilateral economic ties, […]

With U Set Aung in charge, no excuse for Kyaukphyu to repeat Thilawa’s rights abuses

Chair of Thilawa Special Economic Zone Management Committee (TSMC) is now also at the helm of Kyaukphyu’s SEZ body. Given that there is now an SEZ precedent to learn from, U Set Aung should ensure Kyaukphyu does not repeat the human rights abuses and lack of transparency in which Thilawa was mired. U Set Aung, […]

After Pakistan, China trying to build economic corridor to Myanmar

BEIJING: China and Myanmar are close to signing a deal on the establishment of a China-Myanmar Economic Corridor along the lines of the controversial China-Pakistan Economic Corridor (CPEC). Once launched, the project will unleash a massive inflow of Chinese funds to Myanmar which can further weaken Indian influence over its eastern neighbor. A senior Myanmar […]

Can China-Myanmar Economic Corridor overcome hurdles to progress?

Recently, U Aung Naing Oo, director general of the Directorate of Investment and Company Administration of Myanmar, said that Myanmar and China will soon sign a Memorandum of Understanding (MoU) on building the China-Myanmar Economic Corridor (CMEC), one of the key projects of the Belt and Road initiative (BRI). The two sides reached a 15-point […]

Chamber backs SMEs to embrace digital technology

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

Myanmar to construct national water resources committee headquarters with World Bank loan

YANGON, June 13 (Xinhua) — Myanmar has borrowed 10 million U.S. dollars’ loan from the World Bank to construct the headquarters of the National Water Resources Committee (NWRC) , the official Global New Light of Myanmar reported Wednesday. Along with the headquarters, a hydro-informatics center will also be built, Dr. Khin Ni Ni Thein, secretary […]

Warm response seen to ‘Myanmar Insight’ in Bangkok

GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). He said at a press conference yesterday that the event would be held […]

Minister calls for earthquake readiness

Due to frequent earthquakes in 2018, the issue has become a challenge for Myanmar, said U Win Myat Aye, Union minister for Social Welfare, Relief and Resettlement. “Earthquakes have become a challenge that must be seriously addressed in Myanmar,” he said on Thursday. Myanmar was hit by 31 earthquakes in January, 13 in February, 11 […]

Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

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 […]