Reposted from USA Today
By Chris Woodyard
It joins other companies in looking to do business in the formerly repressive nation
Ford Motor is formally announcing today that its car and truck lineup will go on sale in Myanmar, joining other American companies rushing to get a foothold in the Asian nation long treated as an international pariah.
Rather than going in directly, Ford says it will partner with a subsidiary of Myanmar-based conglomerate Capital Diamond Star Group. Ford says it will offer a full line of vehicles by the end of the year.
It joins other U.S. companies like Coca-Cola, PepsiCo and Caterpillar in coming to the nation also known as Burma that was off limits for years because of human-rights abuses tied to a repressive military junta. With reforms in place under a new government in Myanmar, the trickle could become a stampede of business wanted to tap another promising emerging market. More…
Reposted from The South China Morning Post
Myanmar’s government is unveiling a slew of new reforms to donor countries and international organisations this weekend, aiming to consolidate achievements since the end of military rule in 2011, but also improve the lives of its citizens.
In opening remarks to donors yesterday, President Thein Sein said the government wanted “a modern, industrialised country”, but also stressed the need to develop the agricultural sector and narrow development gaps between the regions. More…
Reposted from Mizzima
By Kavi Chongkittavorn
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…
Reposted from Energy Global
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…
Reposted by BurmaNet News
By Sam Holmes & Celine Fernandez
Washington has lifted nearly all of the economic sanctions imposed against Myanmar
The U.S. decision to lift a ban on exports from Myanmar could give the country its best shot at becoming the world’s next low-cost manufacturing hub as well as firm up the fragile political reforms now taking place. More…
Reposted from Business Line
“The people of Myanmar are very pleased with the easing of economic sanctions by the US. We are very grateful for the actions of the US” – Thein Sein
New York, Sept. 27: The US will begin easing an import ban on goods from Myanmar, Secretary of State Hillary Clinton told Myanmar leader Thein Sein, in a further lifting of sanctions on the country.
Clinton told the Myanmar president yesterday that in recognition of the rapid reforms his South-East Asian nation, which was once ruled by a military junta, has undertaken “the United States is taking the next step in normalizing our commercial relationship.” More…
Reposted from Bloomberg
By Flavia Krause-Jackson and Daniel Ten Kate
Changes are coming – Myanmar President Thein Sein has freed hundreds of political prisoners and eased restrictions
Myanmar President Thein Sein last visited the United Nations three years ago as the face of an authoritarian military regime. Today, the former general-turned reformer will present Myanmar in a new light. More…
Reposted from East Asia Forum
By Helen James, ANU
Economic reform is at the top of the president’s agenda
Reformist president Thein Sein’s 27–28 August 2012 announcement of a cabinet reshuffle has been widely welcomed both inside Myanmar and in the international press. More…
Reposted From Financial Times
By Jake Maxwell Watts
Serge Pun creates an air shuttle service between Yangon and Naypyidaw, the new capital.
Myanmar has undergone significant reforms in the last year, putting it firmly on the tourism and business agenda. But aside from economic and political changes, merely providing the means for foreigners to visit is a significant challenge, even as Myanmar begins to receive considerable international investment. More…