Magwe Region received K1.5 billion (US$966,000) in investments between last October and April this year, says Regional Minister for Planning and Development U Zaw Min. The investments, all from local businesses, created 134 local jobs between October 2018 and April 2019. In the 2017-2018 fiscal year, the region received six domestic investments totalling K1.57 billion […]
NLD calls bureaucracy ‘stumbling block’ in reforms
January 15, 2019 by
A spokesperson for the ruling party has blamed “some in the bureaucracy” for the country’s poor economic reform, saying excessive redtape is a “stumbling block in Myanmar’s democratic transition”. U Myo Nyunt, spokesperson of the National League for Democracy (NLD) party, made the comments during an interview with Chinese media group Caixin’s subsidiary publication Globus […]
Can China-Myanmar Economic Corridor overcome hurdles to progress?
July 25, 2018 by
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 […]
New Yangon City Project CEO Questioned About Role of Chinese Firm
June 28, 2018 by
YANGON—Serge Pun, the CEO of the controversial New Yangon City project on Saturday partially disclosed the terms of a deal with a Hong Kong-listed Chinese firm that could see it provide infrastructure for the first phase of the development. The revelation came amid a question and answer session at a public meeting organized by the […]
Myanmar drawn into China’s shadow
March 8, 2018 by
Myanmar has been drawn into the sphere of influence of its superpower neighbour – China – advancing the Chinese geostrategic interests through the so-called “Guanxi” diplomacy as Western powers retreat from the country, a local think tank has said in a report. The Institute of Strategy and Policy (ISP)-Myanmar said in a report released in […]
NLD government to face tougher challenges in 2018
January 2, 2018 by
Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]
The Europeans are back in town
September 25, 2017 by
With the 26th annual European Film Festival upon us, Myanmar film censors have their scissors at the ready Less than two weeks after the end of the Wathann Filmfest, another film festival has arrived in town. The 26th annual European Film Festival will see 13 films from 11 European countries screened over 10 days at […]
