Myanmar’s newspapers folds on losses

YANGON – Pyi Myanmar Daily, owned by Swe Sone Media Group, will temporarily stop publishing on June 6, the day it marks three years in print. The announcement, while thanking its readers, said it was making losses and facing other difficulties. It would cease publication to work out a new distribution approach and a fresh […]

Govt Denies Report of Helicopter Maker’s Yangon Factory Plans

YANGON — Myanmar’s Department of Civil Aviation says there are no plans to allow a foreign helicopter company to open manufacturing operations in Yangon, refuting a recent report by the local Yangon Times daily. On Monday, the Yangon Times reported that US-based Robinson Helicopter Company was planning to open a factory in either Thanlyin or […]

In a Crowded Marketplace, Burma’s Daily Newspapers Struggle

RANGOON — Six months after private daily newspapers stepped into Burma’s media market, publishers are still struggling turn a profit. While some in the business see a hopeful future, the dominance of state-run media and a lack of advertising interest mean some titles have already dropped out. Earlier this year, more than 26 private companies […]