“This is an important step for Myanmar’s electronic payment infrastructure” – Peter Maher
Yangon – Visa today announced that Visa cards will now be accepted at nearly 90 ATMs operated by Co-operative Bank and Kanbawza Bank across Myanmar. More…
Q&A with Marubeni Corp’s Chief Executive (Teruo Asada)
Marubeni Corp. Chief Executive Teruo Asada is at the forefront of corporate Japan’s charge into Myanmar. The 64-year-old executive is guiding the Tokyo-based conglomerate as it considers at least 10 potential projects in the former dictatorship, ranging from multimillion-dollar orders to fix power plants to a multibillion-dollar deal to modernize an important railroad. More…
US to move faster to normalize relations with Myanmar
Freshly re-elected US President Barack Obama’s visit to Thailand, Myanmar [Burma] and Cambodia later this week will be an extremely important step to firm up his Asia-Pacific policy, often described as a “pivot” to the region. More…
Investment law could be finalized soon
Myanmar’s foreign investment law, which has been delayed for months while the President’s office and parliament debated clauses some saw as protectionist, could be finalised within days, President Thein Sein said on Sunday. More…
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…
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 + Japan = Launch
YANGON, Myanmar – Myanmar will launch a small globe- observing satellite with the assistance of Japan, official media reported Wednesday. More…
27th Southeast Asian Games will create demand for more rooms
Burma will build 19 hotels in Naypyitaw, the capital, in anticipation of the upcoming 27th Southeast Asian Games set for the end of 2013, local media reported.
Currently the capital has 31 hotels, said the Myanmar Post Global News. More…
Aung San Suu Kyi stood before selected military representatives at Lower House of Parliament in Naypyitaw, Myanmar, on May 2.
When Myanmar’s leaders began launching economic and political overhauls last year, skeptical investors and activists weren’t counting on big changes. Now, policy makers in Washington and the Myanmar capital of Naypyitaw are facing the opposite problem: Everyone seems to be expecting too much.
Frustrations are rising on all sides as Myanmar’s leaders struggle to push through some key changes, and Washington, after promising earlier in the year to suspend sanctions, takes its time doing so. More…
