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  • Japan's SMBC to partner with major Myanmar business organization

    YANGON -- Sumitomo Mitsui Banking Corp. will work with the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry to attract investment from Japanese businesses. As part of the comprehensive tie-up, the partners will jo

    August 1, 2014 11:47 pm JST
  • Japan to build Laos' first emergency medical center

    TOKYO -- The Japanese government will engage in a 1.1 billion yen ($10.6 million) project to build the first full-scale emergency medical center in Laos, in a move to promote its health care industry overseas. Construction could start in 2015 wi

    July 31, 2014 01:55 am JST
  • Underdeveloped equity market stands in Laos' way

    VIENTIANE -- Laos has been experiencing a development boom in recent years, with ongoing construction seemingly everywhere in its capital city. But the country's equity market is still underdeveloped, and it will likely take some time for Laos to ac

    July 31, 2014 12:00 am JST
  • StanChart's surprise exit from Myanmar bank license process raises questions

    A last-minute decision by Standard Chartered Bank of the U.K. and a number of Asian banks to abandon plans to apply for the first wave of foreign branch licenses in Myanmar by the July 14 deadline has caught local officials off guard and raised ques

    July 31, 2014 12:00 am JST
  • Ernst & Young ShinNihon to offer audits in Myanmar

    YANGON -- Ernst & Young ShinNihon will begin auditing the Myanmar units of Japanese corporations, aiming to attract clients concerned about the quality of services offered by some local accountants. The Japanese company has sent accountants to w

    July 30, 2014 11:32 pm JST
  • SE Asian countries racing to expand local airports to handle tourist influx

    TOKYO -- Southeast Asian countries are rushing to expand the capacity of their local airports near famous tourist destinations in a bid to handle the growing flood of travelers amid the rising popularity of budget airlines. These moves come as t

    July 30, 2014 03:00 pm JST
  • Orders from Myanmar promise growth in airline industry

    YANGON -- Airline-related business in Myanmar is getting a boost. The nation's leading airlines, Myanma Airways and Air Mandalay, are placing volume orders for aircraft, paving the way for new routes. They hope to serve the rapidly increasing number

    July 29, 2014 01:00 pm JST
  • Malcolm Hanney: Myanmar needs to press ahead with its 'Big Bang'

    Much trepidation surrounded the U.K.'s so-called Big Bang in 1986. The deregulation of financial services was a central pillar of Prime Minister Margaret Thatcher's economic reform program. Now, almost 30 years on, Myanmar's Big Bang is underway, bu

    July 28, 2014 07:00 pm JST
  • Myanmar military mum on politics but still involved

    YANGON -- Myanmar's military, which had long provoked international criticism for cracking down on democracy activists, more recently has been attracting high-profile visits from other countries' defense officials. The trend suggests that, three yea

    July 28, 2014 01:00 pm JST
  • Myanmar professors accepting Japanese way of teaching

    TOKYO -- Japanese professors are coaching their Myanmar counterparts on how to teach science, engineering and other technical subjects. In late May, the government-affiliated Japan International Cooperation Agency dispatched to Myanmar 11 profes

    July 27, 2014 01:00 pm JST
  • Myanmar to give foreign retailers, importers an opening

    YANGON -- Myanmar could open its retail and import sectors to foreign companies by the end of the year. According to a government official, a decision to scrap restrictions on foreign importers, wholesalers and retailers has already been made.

    July 27, 2014 02:00 am JST
  • Southeast Asian rice exporters duke it out for global market

    YANGON/TOKYO -- As the world's appetite for rice grows, competition is intensifying among Southeast Asian producers already accounting for a big share of global exports. Myanmar and Cambodia, once major exporting countries, are beginning to send

    July 25, 2014 04:14 am JST
  • Myanmar industrial park being finished 2 years early

    YANGON -- The developer of Myanmar's Thilawa industrial park will complete the project two years sooner than initially planned in response to strong calls for its early operation. The project is being handled by Myanmar Japan Thilawa Development

    July 25, 2014 01:59 am JST
  • Kinden, Sumitomo to train electrical technicians in Myanmar

    YANGON -- Kansai Electric Power group member Kinden and trading house Sumitomo Corp. have launched a business that will train electrical technicians in Myanmar. Working with AGTI, a leading science and technology educational institution in the S

    July 24, 2014 01:16 am JST
  • Japan's KDDI, Sumitomo set out to develop Myanmar's wireless frontier

    TOKYO/YANGON -- Wireless carrier KDDI and trading house Sumitomo Corp. have set up a joint venture to enter Myanmar's nascent mobile communications market. The Japanese companies announced July 16 plans to invest some 200 billion yen ($1.97 bill

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Asean deregulating foreign investment in banks

    MANILA -- Members of the Association of Southeast Asian Nations are increasingly easing rules on foreign investment in local lenders in preparation for wider financial deregulation to be ushered in under the slated 2015 creation of the Asean Economi

    July 23, 2014 02:00 pm JST
  • Rising nationalism threatens Asia's economic interdependence

    BANGKOK -- Asia's rapid ascent has led many to dub this the "Asian century," but an intensifying cycle of nationalism is one of a number of issues the region must overcome to become a driver of the global economy.China at the centerChinese oil drill

    July 22, 2014 07:00 am JST
  • JFE Engineering to double steel structural operations in Myanmar

    YANGON -- JFE Engineering plans to double production capacity at its Myanmar steel structure site in fiscal 2015, President Hisanori Kanou said Sunday at a ceremony at the Yangon location to celebrate the beginning of product shipments. Investme

    July 21, 2014 01:59 am JST
  • StanChart's surprise exit from Myanmar bank license process raises questions

    A last-minute decision by Standard Chartered Bank of the U.K. and a number of Asian banks to abandon plans to apply for the first wave of foreign branch licenses in Myanmar by the July 14 deadline has caught local officials off guard and raised ques

    July 18, 2014 11:59 pm JST