Myanmar Monitor Weekly



Myanmar’s Suu Kyi to lead new effort on restive Rakhine State
Aung San Suu Kyi will lead a new Central Committee for Implementation of Peace and Development in Rakhine State, in a new effort to bring peace and development where violence between majority Buddhists and minority Muslims in recent years has cast a cloud over progress on democratic reforms. The formation of committee, which includes 27 officials, including all cabinet ministers, was announced on 30 June.
Read More >


Golden Glory plans IPO to fund Myanmar projects
The Singapore-based Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering (IPO) in Singapore this year to meet growing property demand in Myanmar. The company is targeting an US$80 million to US$100 million initial share sale, raising capital to help fund land bank acquisitions in Myanmar, said CEO Christopher Wu in an interview.
Read More >

Scottish firms in Myanmar oil and gas mission
A delegation of Scottish companies is heading to Myanmar this week to meet Myanmar’s new minister for energy and electricity, Pe Zin Tun, as well as local and international oil and gas companies already active in the country to explore key opportunities in the local supply chain. The delegation is led by Scottish Enterprise chief executive Lena Wilson and includes temporary power company Aggreko and oil and gas firms Wood Group, Asco and Bibby Offshore.
Read More >

Myanmar growth eases slightly but remains robust in 2015-2016
After two years of strong economic growth and macroeconomic stability, Myanmar faced a more difficult economic environment in 2015-2016. Economic growth declined, but remained strong, at 7 percent during the period, compared with 8.5 percent in 2014-2015, according to a World Bank report. The slower growth came amid a supply shock from heavy flooding, a slowdown in new investment during an election year, and a more challenging external environment.
Read More >


Foreign Affairs

Taking the EU-Myanmar partnership to the next level
The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a Joint Communication that sets out a vision for ambitious and forward-looking EU engagement with Myanmar as the country’s transition enters its next phase. “Myanmar is at a turning point. The newly elected government has expressed its willingness to bring peace and development to its people, through a democratic path. As the European Union, we have constantly accompanied this path, and we are committed to cooperate even more with Myanmar to support the reform efforts of the government… “ said Federica Mogherini, High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission.
Read More >