Myanmar Boom Wanes as Overcapacity Bites

When Myanmar opened to the world back in 2012, the country experienced a rapid expansion in air travel. Thirteen foreign airlines carried roughly 2 million international passengers. By 2014, the international market had jumped to 3.2 million passengers traveling with nine foreign airline groups, bringing the total number of international carriers to 22. But now the […]

Foreigners get a taste for food investment

Myanmar Industries Association (MIA) plans to support foreign investment in food production joint ventures as they apply for permission to set up in the coming months, said its chair U Zaw Min Win. The food industry has been picking up steam on the heels of entry by large international companies including American drink makers Pepsi […]