Post-Sanctions Myanmar the New Frontier for Global Business

YANGON/TOKYO — The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities. The U.S. Treasury Department lifted all financial sanctions on the Southeast Asian nation Friday after months of dogged appeals by […]

Hanthawaddy Airport Agreement in Final Stage

RANGOON — A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Rangoon, according to a government minister. U Thant Sin Maung, Burma’s Minister for Transport and Communications, told lawmakers during the parliamentary session on Tuesday […]

Myanmar’s 5 growth sectors highlighted

INFRASTRUCTURE, ICT, agriculture and processing, manufacturing and tourism are highlighted as the most attractive sectors for Thai investors looking to establish a presence in Myanmar. At a seminar hosted yesterday by Bangkok Bank, Nattawin Pongpetrarat, vice chairman of the Thai Business Association of Myanmar, said a large number of infrastructure projects ranging from roads to […]

Consumer Spending and Poor Online Shopping Rates Push Retail Space to the Brink

Retail space in Yangon is getting sparse as more stores, both local and foreign, establish themselves in the city to cater to the growing middle class’ retail shopping needs. Shopping malls across the city have and continue to upgrade in anticipation of new projects as consumer spending in Myanmar continues to increase and caters to […]

Burger King GM talks Myanmar expansion plans

Biting into a Burger King in Myanmar for now requires a passport, with the country’s only restaurant located past customs at Yangon International Airport. But franchise operator Minor Food Group is hoping local appetite will merit many more outlets. Thai firm Minor Food Group (MFG) opened Myanmar’s first Burger King in Terminal 1 on July 1 – […]

Myanmar invites tender for building overbridge highway linked to new int’l airport

Xinhua News Agency | Tue,2016-08-16 Myanmar invites tender for building overbridge highway linked to new int’l airport YANGON, Aug. 16 (Xinhua) — Myanmar’s Department of Civil Aviation is inviting tender from home and abroad for building an overbridge highway to link downtown Yangon with the Hanthawaddy International Airport under construction in Bago region, the local Voice […]

Meliá Yangon Hotel Opens in Myanmar

YANGON, MYANMAR — Meliá Hotels International has opened the Meliá Yangon, the first hotel operated by the brand in the country and a strategic project for its expansion strategy in the Asia Pacific region. Yangon is the country’s largest city and remains the biggest commercial center and main transit hub of the country, as well […]

Myanmar National Airlines receives new ATR aircraft

MYANMAR National Airlines celebrated the third arrival of new ATR72-600 MSN-1339XY-AME at Yangon International Airport yesterday. The new aircraft is the third of an order for six placed with ATR company, said the MNA, adding that the remaining three planes will be delivered in 2016 and 2017. According to the MNA, the arrival of the […]

Govt plans 700-acre economic zone in northern Yangon

The construction ministry is planning to build an economic zone on 700 acres in Yangon’s Mingalardon township including residential and commercial buildings, an official has told The Myanmar Times. The land between Yangon-Pyay Road and No.3 Yangon-Mandalay Highway was transferred to the ministry’s Department of Urban and Housing Development in January this year for development, but […]

Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar. The airport outlet’s launch follows similar bids made by fast-food rivals KFC and Pizza Hut – both Yum! Brands franchises – into the local […]