Myanmar Government Delivers Broad Economic Outline

Myanmar Government Delivers Broad Economic OutlineThreadbare on details and containing mainly sweeping principles, none of them new, the much-anticipated launch of Myanmar new economic plans by the National League for Democracy (NLD) has disappointed academics, analysts and businessmen alike. “We know the importance of investment, energy and infrastructure, so we will issue detailed policy papers in due course. Today is…

Chaos in Myanmar’s Jadeite Industry

Chaos in Myanmar’s Jadeite IndustrySomewhere in Mandalay in central Myanmar, a crane hoists a two-tonne rock onto an unobtrusive truck. Yawning, the truck driver secures the boulder and covers the open back with canvas. It is 2 am and the driver sets off with his partner, both boosted with an inexhaustible supply of caffeine. The twisting, unlit mountain roads…

The Mytsone Dam: Myanmar’s NLD Dilemma

The Mytsone Dam: Myanmar’s NLD DilemmaMyanmar’s National League for Democracy (NLD), led by Aung San Suu Kyi, is about to face a tough policy test: whether to restart or permanently halt the construction of the Myitsone Dam, a major irritant in Sino-Burmese relations. Agreed between China Power International (CPI) and the now-departed junta in the early 2000s, the project was…

India Joins China to Compete for Myanmar Energy

India Joins China to Compete for Myanmar EnergyIn the Great Game between China and India for Myanmar’s energy sector, Indian companies have been making successful inroads, with state-owned companies such as OVL and GAIL having invested almost US$1.33 billion in the China-Myanmar gas pipeline project, which runs 2,400 km. across Myanmar to Yunnan, the west China border state. Myanmar’s government has cautiously…

Rebuilding Myanmar’s Ruined Agriculture Sector

Rebuilding Myanmar’s Ruined Agriculture SectorOn May 2, 2008, Typhoon Nargis tore across the Bay of Bengal and slammed into Myanmar, killing at least 138,000 people and causing US$10 billion in damage. It was the worst natural disaster in the recorded history of the country, compounded by an incompetent and insensitive junta that initially refused large-scale international aid over suspicions that…

Myanmar Economic Outlook: Mixed

Myanmar Economic Outlook: MixedMyanmar’s business development prospects in 2015 are forecast to be mixed as the country grapples with a variety of problems ranging from domestic political uncertainty to outside economic influences beyond its control. National elections this year will make some foreign investors hesitant to enter until a clear outcome emerges, say analysts, and the unexpected collapse…

Myanmar’s Military Still Hold the Purse Strings

Myanmar’s Military Still Hold the Purse StringsThe release of the official list of Myanmar’s 1,000 top taxpayers for 2013-2014 shows the wealthiest are still overwhelmingly tied to the old guard of military cronyism and elite government corruption. Many are on the US government’s blacklist. The list, released by the Internal Revenue Department (IRD) of the Ministry of Finance in December, is…

Myanmar Bans Foreign Fishing From Its Waters

Myanmar Bans Foreign Fishing From Its WatersWith foreign fishing boats taking an estimated 100 times as many catch as locals do, Myanmar has banned all foreign fishing vessels from its waters effective at the first of April, according to an official from the Myanmar Fishery Federation. “Fish and other marine resources in our waters were declining. So Myamar banned foreign fishing…