Dr. Min Ye Paing Hein, 41, brings some youth to the NLD’s ‘gray cabinet’ as deputy industry minister; economic adviser to State Counselor applauds choice as ‘first rate’.
Myanmar opened to private life insurance just six years ago. Aided by joint-ventures with foreign investors just now starting, the market could triple in size in the next decade.
Six foreign companies have submitted RFPs for joint ventures with Myanmar insurance companies, which a Myanmar insurance regulatory board is currently scrutinizing.
The economic wing of BJP constituent Rashtriya Swayamsevak Sangh called government plans to sell foreign currency bonds ‘un-patriotic.’
First Myanmar Investment Co. saw a 36-percent rise in gross profits over last fiscal year, while expenditures of 14.4 billion kyats held net profits back by 41.7 percent.
China processes five times the rest of the world’s rare earth elements, which are needed for everything from iPhones to military jets. It would take years to catch up.
ASEAN members also agreed on a common approach on a US-led Indo-Pacific initiative, at a time when US-China tensions are rising and forcing ASEAN countries to take sides.
The Bank’s report says with improvements in several sectors and reform implementation, Myanmar is set to see positive economic growth despite a slowdown in foreign investment.
Beijing has set a growth target of 6 to 6.5 percent for this year, easing from 6.6 percent in 2018—the slowest rate of expansion the country has seen in nearly 30 years.
The Thai economy is at its weakest since 2014, as public investment, exports and tourism slowed amid rising global trade tensions and political risks at home.
Maj-Gen. Htun Myat Naing denies links to ARSA, says he doesn’t underestimate the abilities of the Tatmadaw. He welcomes China’s role as peace broker, and foreign investment if it
On June 6, 1947, with independence on the horizon, Gen. Aung San set out to make a major economic plan for the reconstruction of the country—which was destined to fail.
At a security summit Friday, Singapore Prime Minister Lee Hsien Loong urged the U.S. to accommodate a rising China, as Chinese and U.S. statesmen traded barbs.
The Irrawaddy’s infographic gives a rundown of the 80 sweeping development projects set to change the lives of 8.2 million citizens of Yangon city and region forever.
Thai-based Centara and Myanmar-owned KMA Hotels announced plans to renovate and reopen three KMA hotels and develop three new ones in Myanmar under the Centara brand.