New ASEAN-led trade deal to boost Myanmar manufacturing sector

The newly formed ASEAN-led global trading bloc, Regional Comprehensive Economic Partnership (RCEP), could boost the Myanmar manufacturing sector, according to the research and advisory firm Oxford Business Group. Myanmar could capitalise on the 15-country trade bloc, the biggest in the world, to grow its manufacturing base, the research group said. Peter Crowhurst, the chief executive […]

With an eye on China, India gifts submarine to Myanmar

NEW DELHI/YANGON — Taking their bilateral defense cooperation to new heights, India is giving a Soviet-era Kilo-class submarine to Myanmar, a move that many analysts see as an attempt by New Delhi to counter China’s clout in the region. The diesel-electric submarine, the INS Sindhuvir, which was commissioned to the Indian Navy in 1988, has […]