Myanmar tycoon Serge Pun, one of the wealthiest men in Asia, said on Thursday the government led by Aung San Suu Kyi has neglected the nation’s much-needed economic reform. Pun, head of property-to-banking conglomerate First Myanmar Investment 00001.YG, urged authorities to give more attention to growth in one of the region’s poorest countries. He said […]
Ex-Samsung executive named ambassador to Myanmar
May 26, 2016 by
SEOUL, May 23 (Yonhap) — South Korea on Monday named a veteran Samsung salesman as ambassador to Myanmar in a clear move to secure new business opportunities abroad. The Foreign Ministry said it appointed Yoo Jae-kyung as Seoul’s new top envoy to Naypyidaw in a minor reshuffle that also involved the appointment of a new […]
Myanmar’s Mr Clean says he takes ‘red tape road’ to profit
May 5, 2016 by
Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]
Foreign firms eye new Myanmar telecoms licence despite inexperienced partners
January 26, 2016 by
Jan 25 Seven foreign firms are interested in bidding for Myanmar’s fourth telecoms license, a government official said on Monday, as the prospects of one of the region’s least connected nations outweigh the challenges of a partnership involving obscure local firms with scant industry experience. Chit Wai, deputy permanent secretary of the Ministry of Communications […]
U.S. temporarily lifts trade restrictions on Myanmar shipping hubs
December 8, 2015 by
The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the Southeast Asian country’s opposition party after its landmark election win in November, U.S. officials said on Monday. The policy change, coming after Aung San Suu Kyi’s […]
Burmese Tycoon Tay Za Under Scrutiny
July 24, 2014 by
By Jared Ferrie Myanmar tycoon Tay Za leans back and fulminates against the U.S. government as a playful pet bear cub scrambles up his alligator-skin chair. “They are world police,” he says, complaining that U.S. sanctions are stifling his businesses and officials are scrutinizing his every transaction. As Tay Za speaks, attentive staff intervene occasionally […]
