Myanmar Business Leaders Fear Election Will Slow Key Reforms

Myanmar’s ministers are trying to reassure foreign businesses that political uncertainty during the election period, which will probably last until March 2016, will not disrupt their investment plans there. So far, businesses remain unconvinced. Many key ministers have stepped down from their posts to contest the country’s November 8 election, which will be the most […]

UPS Expands Myanmar Service Offering

Complete portfolio of express delivery, contract logistics and freight forwarding services help businesses in Myanmar go global UPS® (NYSE:UPS) today announced an expanded portfolio of services in Myanmar, introducing express delivery and contract logistics services that complement the air and ocean freight services launched in August last year. Customers can now leverage a full range […]

KBZ Bank signs loan agreement with Cathay United

Kanbawza (KBZ) Bank and Taiwan-based Cathay United Bank (CUB) have signed an agreement on monetary cooperation to pay out more loans for to help Myanmar businesses expand, according representatives of KBZ Bank. On January 13, Nang Leng Kham, executive director of Kanbawza Bank Ltd and Mr Aaron Hung, general manager of CUB signed the agreement […]

Tourism Development Bank to be founded to support Myanmar’s tourism sector

As Myanmar’s tourism sector has grown with the rapid influx of new tourists in recent years, the need for capital among locals who hope enter the sector has jumped sharply. To respond to this need, the Tourism Development Bank is slated to be opened to support hotels, tourism companies and local businesses, said Tin Tun […]

Office Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Office Market 3Q 2014 Rosy outlook for top-tier office developments As at end of the 3Q 2014, grade A local quality office stock was the same at over 34,000 sq m. However, […]

China tops investor list

China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]

Some companies join bid to resume jade mining

About 80 companies are preparing to resume their jade mining business in Phakant, according to the Ministry of Mines. Mining at jade blocks in Phakant were suspended for two years due to the armed conflict, but the government said the mining business would resume by September 1. “We have received 80 applications, including from joint […]

Two New Airlines Await OK from Myanmar Investment Body

YANGON — Two new domestic airlines are expecting to get the green light “soon” to begin flying both domestic and regional scheduled routes, according to Win Swe Tun, the director general of Myanmar’s Department of Civil Aviation (DCA). “Both Apex and FMI are waiting for approval from the MIC [Myanmar Investment Commission] to start operating […]

Thai coup delays car imports to Myanmar

Around 1,000 cars of different brands are waiting to be imported as border trade remains limited due to Thailand’s political situation. The Thai-Myanmar friendship bridge crosses the Thaungyin River which marks the border between the two countries. Since a military coup, border trade has been limited to basic commodities and only at certain hours of […]

Myanmar’s businesses hit by Thai turmoil

YANGON: Thailand’s political struggles are affecting neighbour Myanmar’s businesses and economic development. Months of domestic turmoil in Thailand has caused neighbouring Myanmar to feel its effects. One of the sectors hurt is tourism. “About 80 per cent of flights into Myanmar transit at Bangkok airport. Therefore, it’ll be difficult for European visitors to travel to […]