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New Competition Commission already under fire

June 26, 2019 by Thiha

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister. Six out of the 11-member body, including the chair, are government officials, while only one identifies as an economist. Appointing Commerce Minister U Than Myint as Commission chair is “questionable” since […]

Filed Under: Latest News Tagged With: Commerce Minister, Commission chair, Competition Commission, competition reform, infant stage, Member, serious body, The competition regime, U Than Myint

Myanmar insurance industry poised for reform, awaits liberalisation

April 19, 2018 by Thiha

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]

Filed Under: Latest News Tagged With: American International Assurance, Asian Development Bank, banking and insurance products, bond market, budget deficit, Building Management, central bank, Central Bank of Myanmar, Daw Sandar Oo, Dr Aung Tun Thet, EXPORT-IMPORT BANK OF INDIA, financial literacy campaigns, foreign firms, Foreign insurers, government Treasury bonds, Great Eastern Life Insurance, gross written premiums, GWP, Health Insurance, insurance firms, insurance products, Insurance providers, insurance sector, IT systems, local insurance providers, local players, Managing Director, Market Outreach Programme, Member, Mitsui Sumitomo Insurance, Myanma Insurance, Myanmar Economic Bank, Myanmar insurance industry, Myanmar investment commission, OBG, Oxford Business Group, Private Firms, Private Insurance Companies, Regulatory Framework, senior economist, state-owned Myanma Insurance, training staff

Myanmar tackles housing for poor

April 2, 2018 by Thiha

Though Myanmar’s real estate sector last year faced many challenges, the government is planning to meet the housing needs of low-income people by working with development partners and private companies, according to speakers at the Myanmar Infrastructure Summit 2018 held March 20 to 22. Win Naing, deputy director at the Department of Urban and Housing […]

Filed Under: Latest News Tagged With: Asian Development Bank, Ayeyarwun, condominium project, Construction Companies, Department of Urban and Housing Development, Deputy Director, development partners, DUHD, global director, Housing Projects, KoreaMyanmar industrial complex projects, Loan, long-term investment, low-income people, MandalayPyin Oo Lwin Road, Member, middle income people, Myanmar condominium law, Myanmar Construction Entrepreneurs Association’s executive commitฌtee, Myanmar Infrastructure Summit, Myanmar’s Construction and Housing Development Bank, Myanmar’s real estate sector, New Mandalay Resort City project, Private Companies, public-private partnership (PPP) schemes, Robert Marshall, semi-government bank, Smart District project, Win Naing, Yadanar highrise housing, Ye Linn

‘Tremendous opportunity for growth’ identified in the BIMSTEC region

September 14, 2017 by Thiha

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

Filed Under: Latest News Tagged With: AIC, ASEAN-India Centre, Asia, Bangladesh, Bay of Bengal, Bay of Bengal countries, Bhutan, BIMSTEC region, chairman, communication, Cultural Exchange, Director, Dr Myo Thant, Dr. Shinya Imaizumi, Dr. V S Seshadri, Editor, Foreign Policy, former Asian development Bank Director, Former Indian Ambassador to Myanmar, Free Trade Agreement, FTA, GRIPS, health services, IDE-JETRO, India, Indian Ocean, Indonesia, Institute of Developing Economies, Jadavpur University, Japan, Kathmandu, Kolkata, Malaysia, media, Member, MISIS, Mizzima Media Group, Mr Ken Tun, Mr. KaviChongkittavorn, Myanmar, Myanmar Institute of Strategic and International Studies, Myanmar Times, National Graduate Institute for Public Studies, New Delhi, Parami Energy Group, Parami Roundtable, Prof. AjitavaRaychaudhuri, Prof. Lau Sim Yee, Prof. Prabir De, Prof. Toshihiro Kudo, RCEP, Regional Comprehensive Economic Partnership, Reitaku University, scholars, singapore, South and Southeast Asia, Sri Lanka, Thailand, the Himalayas, Tokyo, Trade, U L ZauGoone

Suu Kyi’s dilemma over Myanmar energy mix

August 15, 2017 by Thiha

YANGON — When Aung San Suu Kyi’s National League for Democracy was swept into power in 2015, economic development was a key priority and the fledgling government’s social and environmental stance seemed tailor-made for foreign investors. But few foresaw the complexity of adhering to core environmental principles while also dragging a long-neglected economy into the […]

Filed Under: Latest News Tagged With: Aung San Suu Kyi's National League for Democracy, Businesses, charges, Chief Executive, China, China-led dam project, Chronic power shortages, clean coal technology, coal plants, consumers, economic development, Electricity and Energy, electricity rates, energy policy, foreign investors, fossil fuels, generators, guarantee, Htein Lwin, hydroelectric stations, Japan International Cooperation Agency, Japanese midtier maker of chemical products, local energy company, low-cost power source, Member, Myanmar energy mix, Myitsone, next general elections, NLD, NLD central executive committee, oil price trends, Permanent Secretary of the Ministry, Phyo Min Thein, Political Risks, President Thein Sein, south of Tokyo, Southeastern Asian economies, Thailand, Win Htein, Yangon Region’s chief minister, Yokohama

The insurance queue just got longer

August 4, 2017 by Thiha

Myanmar has a historic connection with the insurance industry. Almost 80 insurance companies operated in the market from the mid-19th century till the mid-20th century, and a large number of them were foreign companies. But things changed in the 1960s when the industry was taken over by the government and all foreign insurers in the […]

Filed Under: Latest News Tagged With: AIA, Allianz, Aung Thitsa Oo Insurance Company, AYA Myanmar Insurance Company, Chief Representative, Chief Representative of MetLife, Chief Representative of the company, Deputy General Manager at Myanma Insurance, Deputy MD at GGI Insurance Company, domestic insurance licences, domestic players, Dr Moe Thauk, ex-MD at First National Insurance Company, Financial Regulatory Department, Foreign Companies, Foreign insurers, GGI Insurance, Grand Guardian Insurance, Great Eastern, IBRB, Indian Prime Minister Narendra Modi, insurance association, Insurance Business Regulatory Board, insurance industry, insurance products, international brokers, Japan International Co-operation Agency, Japanese insurers, JICA, JLT, joint ventures, life insurers, Manulife, Marsh, MD, MD at Citizen Business Insurance Company, Member, MetLife, Mitsui Sumitomo Insurance, motor insurance premium, Mr Aung San, Mr Ba Tun, Mr Htay Paing, Mr Lwin Oo, Mr Myo Min Thu, Mr Myo Naung, Mr Nirmalya Chanda, Mr P Venugopal, Mr Thaung Han, Mr Tom Renny, Ms Hla Hla Mon, Myanmar, Myanmar Government, Myanmar State Counsellor Aung San Suu Kyi, National League for Democracy, New India Assurance Company, NLD party, non-life insurer, political landscape, private domestic players, Prudential, Samsung Life, Secretary General III, SEZ, Sompo Japan Nipponkoa Insurance, state-owned insurer, The Ministry of Finance, The Road Transport Administration, the same price, the same products, Thilawa Special Economic Zone, Tokio Marine & Nichido Fire, Willis, World Bank

Split visions of Dawei’s future as Thailand, Myanmar restart special economic zone project

May 31, 2017 by Thiha

The governments of Thailand and Myanmar are set to restart the development of the Dawei deep-sea port and special economic zone, after both countries set up a joint coordinating committee to work out investment details of the project. In 2008, both countries signed a memorandum of understanding to develop a massive land area of 200 […]

Filed Under: Latest News Tagged With: Africa, and Transport, Associate Professor Ruth Banomyong, Bangkok, bank, Channel NewsAsia, Chinese, country, Dawei, democracy, Department of International Business, economic zone project, Europe, factory, government, Ho Chi Minh City, India, industry, investment, Italian-Thai Development (ITD), japanese, Kalonehtar village, Loan, Logistic, Member, Myanmar, Myanmar Government, National Human Rights Commission (NHRC), Neighbouring Countries Economic Development Cooperation Agency (Neda), Newin, Newin Sinsiri, Pakpoom Withantinawat, Phnom Penh, Phuket, Pin Nyar Wantha, Porametee, Port, president, railroad, Road, Tanintharyi, Thailand, Thailand’s National Economic and Social Development Board, Thammasat University, Thant Zin, the jead monk of the village and community leader, the National League, thilawa, Vung Tau, worker, Yangon

Tailor Shop Family Accused of Abuse and Enslavement to be Formally Charged

May 24, 2017 by Thiha

On Thursday a court will decide on the charges with which to prosecute six family members for torturing and enslaving two children in a downtown Rangoon tailoring shop for five years. Ko Latt, 63, Tin Thuzar, 59, Tin Min Latt, 37, Yarzar Tun, 25, Su Mon Latt, 27, and Thiri Latt, 37, who ran Ava […]

Filed Under: Latest News Tagged With: Ava tailor shop, factory, family, girl, Insein prison, Kawhmu, Ko Latt, Kyauktada, Ma San Kay Khaing, Ma Tha Zin, Member, Ministry of Social Welfare, owner, Police, Rangoon, Rangoon General Hospital, Relief and Resettlement, reporter, Su Mon Latt, Tailor Shop, Thiri Latt, Tin Min Latt, Tin Thuzar, U Myo Nyunt, Yarzar Tun

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

May 24, 2017 by Thiha

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 […]

Filed Under: Latest News Tagged With: chairman, citizen, Colin Powell, company, country, Eisenhower Fellowships programme, George De Lama, Max Myanmar Company, Member, Myanmar, president of Eisenhower Fellows, Southeast Asian, United States, us, Zaw Zaw

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

May 18, 2017 by Thiha

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]