Saturday, 1 June 2013
How a Myanmar tycoon is profiting from change
YANGON, Myanmar—Zaw Zaw, one of
Myanmar's most successful and notorious businessmen, likes to pick his
way at odd hours around the hulking skeleton of his new hotel, rising
beside Yangon's main airport road.
Myanmar can quadruple economy by 2030, report says
BANGKOK (AP) — Blessed with natural resources,
including significant gas reserves and precious gems, Myanmar has the
potential to more than quadruple the size of its economy by 2030 if it
manages to diversify, build infrastructure and maintain political
stability, a report said Friday.
Myanmar Strives To Implement SEZ Projects To Boost Economy
YANGON, May 31 (Bernama) -- Myanmar has been striving to implement three
special economic zone (SEZ) and deep sea port projects sine the new
civilian government took office in March 2011, as part of its efforts to
create jobs and boost economic development, reports China's Xinhua news
agency.
U.S. trade deal with Burma could open door for constitutional change
Myanmar May Attract $100 Billion in FDI by 2030, McKinsey Says
Myanmar may attract as much as $100
billion in foreign direct investment over the next two decades
if it spends enough to achieve its economic growth potential,
McKinsey Global Institute said in a report today.
The former military regime’s gross domestic product could more than quadruple to $200 billion with an 8 percent annual growth rate, according to McKinsey, almost double the pace from 1990 to 2010. That may help lure $170 billion in capital inflows, it said, with FDI accounting for $100 billion -- more than twice as much as it attracted in the previous two decades.
The former military regime’s gross domestic product could more than quadruple to $200 billion with an 8 percent annual growth rate, according to McKinsey, almost double the pace from 1990 to 2010. That may help lure $170 billion in capital inflows, it said, with FDI accounting for $100 billion -- more than twice as much as it attracted in the previous two decades.
Firm opportunities in Myanmar
A founding member of the Australia-Myanmar Chamber of Commerce has said
there are opportunities for international law firms in the emerging
Southeast Asia nation.
“A lot of big companies are looking to come in [to Myanmar] … which will sooner or later translate into foreign inbound transactions … that will definitely require legal assistance,” said Baker & McKenzie senior associate Melinda Tun (pictured), who immigrated to Australia from Myanmar when she was 12 and speaks fluent English and Burmese.
“A lot of big companies are looking to come in [to Myanmar] … which will sooner or later translate into foreign inbound transactions … that will definitely require legal assistance,” said Baker & McKenzie senior associate Melinda Tun (pictured), who immigrated to Australia from Myanmar when she was 12 and speaks fluent English and Burmese.
Burma’s ‘Vital’ Stock Exchange Plans Proceeding on Schedule
RANGOON — Burma remains on track to establish a stock exchange in the
commercial hub of Rangoon by the end of 2015, Burma’s Central Bank
Deputy Governor Maung Maung Win said on Wednesday.
The official told a gathering of local and international would-be investors in Rangoon on Wednesday morning that the proposed Yangon Stock Exchange (YSE, using the official name for Rangoon, Burma’s biggest city) is needed to boost Burma’s economic growth. At present, local businesses must depend on bank loans for financing in what remains the only country in the Association of Southeast Asian Nations (Asean) without a stock exchange.
The official told a gathering of local and international would-be investors in Rangoon on Wednesday morning that the proposed Yangon Stock Exchange (YSE, using the official name for Rangoon, Burma’s biggest city) is needed to boost Burma’s economic growth. At present, local businesses must depend on bank loans for financing in what remains the only country in the Association of Southeast Asian Nations (Asean) without a stock exchange.
Mastercard's ATM Acceptance In Myanmar Increases Ahead Of World Economic Forum
SINGAPORE, May 29 (Bernama) -- One of the largest banks in Myanmar,
Kanbawza Bank Ltd (KBZ Bank), will now be accepting MasterCard payments
cards at ATMs throughout the country, following a succession of similar
achievements which MasterCard has announced over the past eight months,
less than a year since entering the Myanmar market.
The soul of a country: Ancient temples and mischievous spirits in the Burmese interior
First checking to ensure that I am not wearing any red or black, I stretch my neck to peer up at Popa Taung Kalat, rising like a lone stalagmite from the flanks of Mount Popa.
More than 2400ft high, this needle of rock – a long-plugged volcano, 250,000 years extinct – protrudes from the forest-canopied hillside. Even in this elevated portion of Mandalay Region, almost at the geographical heart of the country, it is an extraordinary sight. Its almost vertical sides are riven only by a snaking ladder of corrugated metal sheets, which covers the 807 steps to the summit.
More than 2400ft high, this needle of rock – a long-plugged volcano, 250,000 years extinct – protrudes from the forest-canopied hillside. Even in this elevated portion of Mandalay Region, almost at the geographical heart of the country, it is an extraordinary sight. Its almost vertical sides are riven only by a snaking ladder of corrugated metal sheets, which covers the 807 steps to the summit.
Tuesday, 28 May 2013
Mobile telecommunication companies to assist Myanmar’s GDP increase
Myanmar will have a boost in GDP within three years after telecommunication companies receive their license to operate, according to the survey of Ericsson Communication.
Myanmar’s wood export hits US$30 million
Myanmar earned about US$30 million last year from export of wood and finished wood products, according to Myanmar Timber Merchants Association.
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