The main investor in the controversial Myitsone hydropower dam in Kachin State has expressed a desire to restart the suspended project, according to members of a National League for Democracy (NLD) delegation that traveled to China earlier this month. (more…)

The first state visit to the United States by a Burmese president in almost 50 years went off largely as expected, with a strong emphasis on trade and investment, and some discussions of the ethnic and religious violence that has clouded the country’s transition from army rule. (more…)

U.S. Senate Minority Leader Mitch McConnell, the congressional sponsor of economic sanctions against Myanmar, said he won’t seek their extension in light of the nation’s movement toward democracy. (more…)

A Karenni women’s group says it will not accept development projects in Kayah state during the current sensitive transitional period if there isn’t local cooperation. (more…)

Myanmar is on course for a big jump in textile exports to Europe following the return of trade privileges by the European Union (EU), according to the Thailand Textile Institute. (more…)

Just over a month before Burma is due to award telecoms licenses to two foreign companies or consortia, a major international rights group has warned that online censorship and government surveillance of mobile phone users remain a serious problem in the country. (more…)

Foreign arrivals at Yangon airport during the first four months of the year jumped 44% year-on-year, with Europeans accounting for about one-third, reports said Sunday. (more…)

T-shirts bearing images of U.S. President Barack Obama and Aung San Suu Kyi, Myanmar’s prodemocracy leader, hang side by side in the shops just off busy Kabar Aye Pagoda Road in Yangon. It’s a reminder of the history made in November when Obama became the first sitting U.S. leader to set foot in Myanmar, the country formerly known as Burma. (more…)

The abrupt exit of one of Myanmar’s leading reformist ministers from the helm of the government’s powerful investment commission has raised fresh questions about President Thein Sein’s ambitious reform agenda and unsettled investors. (more…)

In April, Myanmar Post and Telecommunication (MPT) unveiled a 1,500 Kyat (less than $2) worth CDMA mobile SIM to the public in the country and has reached the countryside recently but the costs have risen many folds, according to local news sources. (more…)

Former Thai Prime Minister Chavalit Yongchaiyudh paid a visit to Naypyidaw this week, where he talked about opportunities to invest in Burma with Vice President Sai Mauk Kham. (more…)

Myanmar Investment Commission’s Chairman Soe Thein who is also the union minister for the Presidential Office of Myanmar has effectively been replaced with the union minister Win Shein of the Finance and Revenue Ministry, sources say.
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Myanmar will build the world third largest solar power plant in Minbu township of Magway Region with the assistance of Thai company, Green Earth Power (GEP), according to the Ministry of Electric Power. (more…)

Prachuap Khiri Khan – Singkhorn temporary checkpoint on the border with Myanmar has been upgraded and will be opened as a new permanent pass on Wednesday. (more…)

Burmese exports in the garments, wood and farming industries are likely to flourish, as the US government prepares to lift import taxes on goods from the former pariah state, according to an economic expert. (more…)

The Myaungmya Farmers’ Union made calls on Tuesday for authorities to compensate landowners whose land was confiscated to make way for the Myaungmya Industrial Zone in the Ayeyarwady [Irrawaddy] Region at a rate of two million kyat (US$2,300) per acre. (more…)

The Obama administration extended Thursday by one year targeted U.S. sanctions against Myanmar to prevent backsliding on democratic reforms. (more…)

Asian Development Bank would finance the construction of the 417km long Indo-Myanmar Road connecting Moore in Myanmar with Sutarkandi in Karimganj bordering Bangladesh.
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Myanmar targeted the number of tourist arrival to 3 million by 2015, a near triple of the 2012 figure, official media reported Wednesday. (more…)

As Myanmar is increasingly brought back into the international fold, foreign investment is increasingly flooding into the country. While the funding helps to nourish a developing economy, some warn it may be excessive.
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