Easing of US sanctions on Myanmar to boost trade and investment

THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]

Yangon chief minister to cut bridge tolls

  The new chief minister for Yangon Region plans to reduce tolls at a major bridge linking the city’s largest industrial zones to its downtown area and ports, in a move that would make exports more competitive. U Phyo Min Thein said he will discuss the toll rate with the Union government. Bayintnaung Bridge connects […]

Asia World opens new Yangon airport terminal

Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete, with US fast-food chain Kentucky Fried Chicken the first international restaurant confirmed to open in the new space. Yangon Aerodrome Company Limited (YACL), an Asia […]


ANGON, 8 March 2016: A new international terminal at Yangon airport is scheduled to open this week to relieve passenger congestion at the country’s main international gateway. Myanmar Times said the terminal should open 12 March according to Asia World Group, whose subsidiary Pioneer Aerodrome Services is the building contractor. The USD660 million, three-storey building will […]

Shan State officials seek new route for China trade

Shan State officials say they are planning to conduct surveys for a new road that would divert traffic from one of Myanmar’s main trading routes and open up business with China. The Mandalay-Lashio-Muse Road, which passes through Shan State, is plagued by constant traffic jams and frequent accidents, said U Aung Kyaw Nyunt, minister for […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]

Luxury project planned in Ngwe Saung

A Hong Kong-Myanmar joint venture plans to build a luxury mixed use development aimed at high net worth individuals, to the south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels, residential units, 20 kilometres of white sand beach, a jetty and a golf course. Hong Kong based H&Co Real Estate Holdings […]