The foreign secretary has been accused of “incredible insensitivity” after it emerged he recited part of a colonial-era Rudyard Kipling poem in front of local dignitaries while on an official visit to Myanmar in January. Boris Johnson was inside the Shwedagon Pagoda, the most sacred Buddhist site in the capital Yangon, when he started uttering […]
Myanmar’s New Struggle: Keeping Foreign Investors Happy
A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]
Business Chiefs Hail ‘Final Frontier’
Will Myanmar be able to cope with the fast-paced dynamic landscape of the world’s economic climate as it records the fastest GDP growth in Asia? Is the government doing enough? Is Myanmar equipped to handle the torrent of foreign interests waiting to pour into Myanmar? These were some of the questions business leaders […]
Myanmar Is Next Vietnam With 10% Growth: British Diplomat
Myanmar could be the next Vietnam or Thailand, with the economy having the potential of growing as much as 10 percent, a senior British diplomat said. The Southeast Asian nation, which is opening its economy to investors after decades of military rule, has to overcome challenges including a shortage of power supply, lack of policy […]
British launch new Chamber of Commerce
The British Chamber of Commerce Myanmar launched on July 16 about a month after receiving government approval, becoming the latest business group to formally open its doors in Myanmar. The organisation aims to provide a network for the business community to represent business interests, and will work with United Kingdom Trade and Investment to support […]