Yangon firm offering cheap co-working space

A NEW co-working space was opened here this month, to cash in on increasing demand for short-term and affordable meeting places among wannabe entrepreneurs. Located on Nawaday Street in downtown Yangon, Sar J Poe lures target clients with amenities like free Wi-Fi, printer, scanner and projector. The space is available for daily, weekly and monthly […]

MOEAF members sign code of conduct

As controversy continues to swirl around allegations that the Myanmar government was condoning the “legal trafficking” of migrant workers to overseas jobs, it has emerged that more than 100 employment agencies have signed up to a new code of conduct. Earlier this month, Thai and Myanmar labour officials vowed to take actionagainst activist organisations that had accused them […]

BBL pleased as punch in Myanmar

People use services at a Bangkok Bank branch in Bangkok. In neighbouring Myanmar, BBL is content so far with loan growth at its Yangon branch. PATIPAT JANTHONG Bangkok Bank (BBL), the country’s largest lender by assets, expects better than expected loan growth at its Yangon branch this year based on strong demand from both local and […]

Japan’s Acecook to start instant noodle production in Myanmar in 2017

OSAKA — Acecook plans to begin making instant noodles in Myanmar in summer 2017. By switching from imports to local production and offering soups more akin to local tastes, the Japanese company hopes to win a 10% share of Myanmar’s growing market for instant-noodle products by 2020, selling the equivalent of 100 million servings a […]

India, Thailand, Myanmar to be connected with a 1400-km road

BANGKOK: India , Thailand and Myanmar are working on a 1,400-kilometre long highway that will link India with Southeast Asia by land for the first time in decades, giving a boost to trade and cultural exchanges between the three countries. Indian Ambassador to Thailand Bhagwant Singh Bishnoi said 73 bridges in Myanmar, built more than seven decades ago during World War II, were […]

Yangon govt targets ‘failing’ power firms

Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media. Four private companies signed with the previous administration to supply power to the city. They are not performing as expected, […]

Thai PTTEP Says Keen To Buy Chevron’s Stake In Myanmar Gas Field

PTT Exploration and Production Pcl (PTTEP), Thailand’s largest oil and gas explorer, said on May 24 it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp. (NYSE: CVX). PTTEP, the flagship in the upstream business of PTT Pcl, was in talks to buy stakes in several oil and gas […]

Three Pagodas Pass upgrade sought

The head of the Immigration Bureau will propose that the government upgrade the Three Pagodas Pass in Kanchanaburi from a temporary border crossing to a permanent one to facilitate rapidly growing tourism and trade with Myanmar. Pol Lt Gen Nathathorn Prousoontorn made the comment during a visit to the border pass in Sangkhla Buri district […]

Thai investments promote tourism in Taninthayi

THAI investments are expected to promote tourism in Taninthayi Region, according to Thai media. A Thai company called Pongpipat has been building an international standard hotel in Taninthayi with an investment of US$125 million in an effort to capitalize on the promising tourism industry in the region. The hotel is being built on 50 acres […]

Chinese company to build oil refinery near Dawei SEZ in Myanmar

YANGON — A Chinese state-affiliated company plans to build an oil refinery near a special economic zone in Dawei, Myanmar, a development led by the Japanese and Thai governments. The move may force Japanese companies to review their plans to pursue opportunities offered by the development of the Dawei special economic zone in the southwestern Myanmar city. The government-appointed […]