Myanmar’s cement business is expected to grow by 10-12 per cent per year
Max Manufacturing Company of Burma will increase its daily cement production capacity from 500 tonnes now to 2,600 tonnes by the end of next year and 4,200 tonnes in 2014, according to a deal with a Thai company, the Bangkok Post reported on Thursday. More…
Thai investments account for 23.8% of Myanmar’s total foreign investments
At present, for Thailand and its Asean counterparts, there is much to be happy about. The countries have managed to buck the economic woes from the West.
In addition, Asean has also seen a US re-engagement that will contribute to the balance of power, the upcoming Asean Economic Community in 2015, and the latest and probably foremost development, Myanmar on the rise. More…
The New Light is the country’s only English-language daily
NAYPYITAW (Reuters) – The New Light of Myanmar has an image problem. That’s putting it mildly.
Created in 1993 as the mouthpiece of a military junta, the newspaper once described democracy icon Aung San Suu Kyi as “obsessed by lust and superstition,” while praising the achievements of generals who kept Myanmar in poverty and fear. Its nickname was “The New Lies of Myanmar.” More…
Myanmar is opening next year for the Southeast Asian Games – the first time since 1969
Thai investors, particularly in the manufacturing and tourism industries, have been urged to explore opportunities in Myanmar and take action within three years or face greater competition from global heavyweights after the 2015 general election. More…
Weekend Links
By Steve Hashim
Each weekend we take a step outside our normal coverage to provide our readers with links to some of the stories we find the most intriguing from around the globe.
Diverging Markets, “On navigating the choppy waters of logistics, supply chain and customer relations”
David Roodman’s Microfinance Open Book Blog, “A Banking System Is More Than a Bunch of Banks”, David Roodman
The Economist, “Global non-cash payments”
Asia News Network, “Cambodia among fastest-growing economies in 5 years: IMF” More…
Myanmar offering everything from Chinese-made micro cars to Japanese SUVs and expensive BMWs
AS MYANMAR opens up, its antiquated transportation system is undergoing dramatic change. New cars are plying roads dominated by rattletrap buses — known as “bikepoo,” or “big belly,” in the Myanmar language — and wheezing taxis. More…
International Monetary Fund should play a role in monitoring Myanmar’s policy stance
Tokyo – A meeting of Myanmar’s key international creditors agreed Thursday on the importance of supporting the country’s overhauls, though they didn’t reach a comprehensive deal to reduce the emerging Southeast Asian nation’s debt burden, Japan’s finance ministry said. More…
Japan’s plans for the makeover of Yangon
YANGON, MYANMAR — On a street in central Yangon the final moments of Kenji Nagai’s life were captured in a Pulitzer Prize-winning photo, an image that exemplified the brutality of military rule in Myanmar. More…
Mining sector’s contribution to Myanmar’s GDP was US$ 2.3 billion in 2000 and hit US$ 56.2 billion in 2010
The levels of industrial growth expected in Myanmar could potentially benefit every layer of society promoting employment opportunities and economic development, but this would require the country to adopt holistic development policies in order to compete with the numerous other middle income Asian nations. More…
Japanese banks considering to offer a $900 million bridge loan for Myanmar
TOKYO—When the world’s top economic policy makers converge in Tokyo later this week, a prominent agenda item alongside the euro crisis and global slowdown will be debt relief for rapidly reforming Myanmar. More…
