The National League for Democracy was forged in an uprising against one-party rule. Its activists spent years in jail under Myanmar’s military junta. But since taking power three years ago, the party led by Nobel laureate Aung San Suu Kyi has found an unlikely ally – the Chinese Communist Party. The friendship has blossomed in […]
First Tourists Arrive on New Free-Visa System, 21 Western Countries to be Added
As an initial phase of implementing its new tourism strategy, the tourism ministry launched a free-visa system for tourists from Japan, South Korean and China’s Hong Kong and Macau on Monday. The move is likely to be followed in the coming years by the lifting of visa requirements for citizens of another 21 countries—especially western […]
Myanmar urged to fix key issues for industrial revamp
MYANMAR’S potential to become a regional investment hub would be realised only if the government manages to address major challenges businesses are facing in the nation, a banking expert has warned. Than Lwin, a senior consultant at KBZ Bank Ltd and former deputy governor of the Central Bank of Myanmar (CBM) stressed the importance of […]
Myanmar seeks Malaysian FDI in energy, plantations
MYANMAR is seeking more foreign direct investment (FDI) inflows from Malaysia to help develop its key economic sectors. Malaysian conglomerates have been called to capitalise on the country’s increasing demand for electricity and vast areas of untapped land by bidding for energy projects and expanding oil palm cultivation capacities in Myanmar. Former Deputy Finance Minister […]