Singapore poised to announce purchase Of 12 F-35Bs

25 March, 2013
Political Security

Vietnam accuses Chinese boat of firing on fishermen

26 March, 2013
Political Security

China pivots to ASEAN and Myanmar attempts to pivot away

25 March, 2013
Trade and Investment

Order restored in 6 townships in Myanmar’s troubled region: Report

1 April, 2013
Politics

Myanmar has restored order in six riot-torn townships in Bago region. There have been 163 incidents of violence in 15 townships since the sectarian riots started on 20 March. A total of 43 people lost their lives in the riots and 86 others were injured. Close to 13,000 people have been displaced by the unrest, and more than 1,300 homes and other buildings have been destroyed, according to the UN.

Private dailies re-emerge in Myanmar but face difficulties

1 April, 2013
Politics

Sixteen private newspapers were given licenses by authorities to publish daily, after 50 years of state monopoly of daily news, but only four daily newspapers hit the newsstands. Distribution, poor infrastructure, outmoded printing equipment and staffing issues are some of the stumbling blocks for media organizations wanting to expand to dailies.

Garment exports to surpass US$1 billion as Myanmar’s makeover gains speed

27 March, 2013
Economy

Garment exports are on track to exceed US$1 billion for the fiscal year ending at the end of March. The garment industry is expected to grow even more when the European Union’s generalised system of preferences, which gives duty-free access to exports from least developed countries, is reinstated for Myanmar in June. “We expect that there will be about 2,000 garment factories soon and these factories will create about 1.2 million jobs,” Khin Maung Aye, managing director of Lat War garment factory, said. When the US imposed sanctions on Myanmar imports in 2003, textile exports fell from US$800 million a year to US$300 million a year and more than 80.000 workers lost their jobs.

Myanmar gas exports to hit new record of nearly US$4 billion, official says

28 March, 2013
Economy

Gas exports have already surpassed last year’s record of US$3.5 billion and are on track to total nearly US$4 billion when the fiscal year ends at the end of March, a commerce ministry official said. Next year is expected to see the value of gas exports surge again as the Shwe Gas project is expected to begin exporting in May and the Zawtika project by December.

IE Singapore to organise Singapore-Myanmar Business Forum in Yangon

31 March, 2013
Business and Investment

International Enterprise (IE) Singapore will hold a Singapore-Myanmar Business Forum on 4 April in Yangon, to further promote business and economic collaboration between the countries. The forum will provide a platform for more than 100 government and business leaders from both countries to connect and explore collaboration opportunities across industries including infrastructure development, telecommunications, financial services and hospitality. A highlight of the event is the opening of IE Singapore’s Overseas Centre in Yangon, which will be opened by Singapore’s President Tony Tan.