Visiting the Napa Valley of Myanmar

Myanmar has beauty — lush jungles, valleys floored with ancient pagodas. Now it has wine too. With two wineries near the fertile but fragile Inle Lake region and seeing new demand in the country, it may soon be added to the checklist of travelers with a thirst. And while it’s early days, the area might […]

Myanmar Companies Act an important key to transforming the economy

Myanmar Companies Law is a major step to transform the Myanmar economy and it will beneficially affect the influx of foreign investment in domestic businesses, Aung Naing Oo, director general at Directorate of Investment and Company Administration (DICA) under the ministry of planning and finance, stressed at an official briefing on the Myanmar Companies Law, […]

New Year ushered in

President U Htin Kyaw, First Lady, attend holy ceremony, provide offerings to 18,000 monks January 1, 2018 The Union government of Myanmar held a ceremony to consecrate the Shwedagon Pagoda in Buddhist Era 2561, along with 18,000 members of the Sangha (Buddhist monks), and offer provisions to the monks at the majestic Shwedagon Pagoda in […]

India-Myanmar pact for socio-economic development of Rakhine State

Signed between Foreign Secretary S Jaishankar and Myanmar Deputy Minister for Social Welfare, Relief and Resettlement U Soe Aung in Myanmar’s capital Nay Pyi Taw, this is the first government to government pact inked by Myanmar with a cooperation partner focused on socio-economic development and livelihood initiatives in the Rakhine State.

EU €20 million grant will help improve water resource management

A new European Union grant of €20 million will help improve water resource management and the productivity of the agricultural sector in Myanmar’s central dry zone, according to a statement from the body. The ‘Irrigated Agriculture Inclusive Development Project’ (IAIDP) aims to improve living conditions and incomes of rural communities in the central dry zone. […]

Papal appeal in defence of minorities

SPEAKING in Myanmar’s capital, the religious leader of over one billion Catholics mounted a strong appeal to Myanmar in defence of minorities. He called on religious communities to reconcile the ethnic groups and called on the country to resolve conflicts through peaceful means. In his first address in the country, Pope Francis placed emphasis on […]

Myanmar Economic Monitor October 2017 (World Bank)

Myanmar’s macroeconomic environment remains stable, though economic growth is estimated to have slowed to 5.9 percent in 2016/17 compared to 7 percent in 2015/16, weighed down by slower investment demand. Growth is projected to recover to 6.4 percent in 2017/18, though risks are tilted to the downside due to the recent escalation of tensions in […]

“US to push for peace in Rakhine”: Official

The US will push for the restoration of peace in Rakhine when Secretary of State Rex Tillerson meets State Counselor Aung San Suu Kyi and army chief Senior General Min Aung Hlaing on Wednesday. A senior State Department official told Mizzima in an interview that ‘stabilisation of Northern Rakhine’ is a top priority’ for Washington […]