Regional carriers look to Myanmar market expansion

Asian regional carriers—including Bangkok Airways, Nok Air, Myanmar Airways International (MAI) and AirAsia—are looking to expand operations into Myanmar following the opening up of international visa access at the end of 2016. Myanmar will operate a full visa on arrival scheme from December 2016 across all Association of South East Asian Nations member countries. Since […]

Yangon’s mega traffic jams

The biggest problem in Yangon today is the mega traffic jams the whole commercial city is facing almost every day. Except on the Myanmar New Year Day (on which only the famous pagodas are crowded with a very large number of Buddhist pilgrims) and one or two days afterwards, Yangon streets have become driver-friendly and […]

As Kyat Soars, Foreign Bulls and Burmese Bears Spar on Growth

RANGOON — The Burmese kyat has been the best-performing Asian currency against the US dollar so far this year, rising over 10 percent versus the greenback since January. While this trend has excited foreign investors, Burmese analysts remain skeptical about how well the currency’s buoyancy reflects the growth prospects of the real economy. Bloomberg News […]

Myanmar’s fast-food industry attracts US attention as sanctions ease

US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]

Yangon bourse gets set for first listing

YANGON • Myanmar’s new stock exchange plans to have its first listing on March 25, the deputy finance minister told Reuters yesterday, more than three months after it was launched. The South-east Asian country’s economy has been devastated by nearly 50 years of military rule. Rapid reforms since the junta handed over power in 2011 […]

Myanmar captures 9th rare white elephant

YANGON: Myanmar’s forestry department has captured a rare white elephant in the jungles of the country’s western Ayeyarwaddy region, an official said on Sunday. The 7-year-old female was captured on Friday, six weeks after it was initially spotted in a reserve in Pathein township, forestry official Tun Tun Oo said. It’s the ninth white elephant […]