Local firm plans Daewoo bus factory in Yangon

Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the […]

BKL continues overseas expansion with Myanmar office

Korean law firm Bae, Kim & Lee (BKL) has opened an office in Yangon, Myanmar, its seventh globally, and its third outside of its home country. The Yangon office will be led by partner Eric Eunyong Yang, who along with fellow partner Yong Geun Bae, joined the firm last year from Yulchon with the aim […]

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

Myanmar’s airlines face pressure at home and abroad

Underfinanced and often unprofitable, Myanmar’s airlines are in a fight for survival as competition heats up from rivals inside and outside the country. The sector has several factors in its favour – Myanmar is enjoying strong economic growth, fuel prices are low and the number of foreign tourists is rising. But by and large the […]

Arcc Launches Serviced Office Spaces in Yangon

Arcc Offices, a Singapore-based serviced office provider, has opened their first offices in Yangon on September 17. These offices are located on the sixth floor of Hledan Centre in midtown Yangon. All the offices are provided with furniture, office equipment and internet facilities. Paola Orneli, general manager of Arcc Offices, said many international investors are […]

Keppel Land strengthens portfolio in Yangon with the topping up of Sedona’s new wing

Expanding its hospitality business to meet rising demand from businesses and tourism, Keppel Land will add another 420 rooms to its Myanmar portfolio as the new wing of its Sedona Hotel Yangon progresses on track towards completion Keppel Land Limited (Keppel Land) is building on first mover advantage in Myanmar as it expands its hospitality […]

Wealth report picks Yangon as one of four ‘Cities of the Future’

The annual “Wealth Report” released by global real estate consultancy Knight Frank on March 5 has an interesting angle: Apart from listing global cities most important for ultra-high net worth individuals (UHNWI, people with a fortune of at least $30mn), it also takes a look at the cities with the biggest potential of becoming an […]

Direct China shipping link starts

Direct shipping links with China opened last week with the arrival of the Chinese container ship Asiatic Wave bearing several tonnes of construction materials at the terminal of Myanma Industrial Port. The vessel had initially set sail for the Yangon port from Shanghai on January 26. Ma Wut Hmone, managing director of China Shipping, said […]

Chinese container vessel arrives in Myanmar

YANGON, Feb. 8 (Xinhua) — A container vessel of China Shipping, Asiatic Wave, sailed directly from China without cargo transhipment, berthed at Myanmar Industrial Port in Yangon Sunday. The container ship, which is the first ever in history sailed directly from China, set off from Chinese port cities of Ningbo and Shanghai, arrived Yangon via […]