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US-China tiff offers opportunity

While strolling around Yangon’s city centre recently and reading news alerts about the US-China trade war, something caught my eye at Kantharyar Centre across from Kandawgyi Lake. It was a sales gallery at the new shopping centre displaying SUVs and sedans. What caught my attention was the brand of SUV most prominently displayed: Gold AYA […]

MAI to substitute currently-running planes with new Air-buses

The Myanmar Airways International (MAI) will substitute its currently-running planes with new Air-buses bought recently when they arrive in Myanmar, said Tanes Kumar, Commercial Director of the MAI. The MAI bought two new Air-buses in order to extend its flight services and the first one will arrive in Myanmar in September and another in October. […]

Vehicles at the forefront of Myanmar’s drive for industrial growth

Toyota is developing an assembly plant in Myanmar,signaling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it […]

South Korean President Enhances Bilateral Economic Ties with Myanmar

YANGON- The president of South Korea pledged to accelerate Korea’s economic presence and to cooperate on development in Myanmar after meeting with the Myanmar State Counselor in Naypyitaw on Tuesday. The trip is a part of his “New Southern Policy” to deepen relations with Southeast Asian nations, including in the economic realm. Moon Jae-in arrived […]

Yangon approves $238M in hotel, tourism investments

Yangon’s Regional Tourism Committee recently announced that investments totalling US$238 million and K119.63 billion were approved for the region’s hotels and tourism sector between May and August. In the same period, the committee approved investments for 33 new hotels and eight guest houses, approved 18 new hotels, 400 new travel agencies, and 200 tour guides. […]

Myanmar’s Second Biggest City Receives Smart City Award 2019

YANGON—In the midst of a high-tech makeover to become a genuine smart city, Myanmar’s historic royal capital Mandalay—more than 160 years old—received the Smart City Award 2019 at a Bangkok summit attended by 24 countries including Japan, India, Australia, Singapore, Taiwan and Thailand. “We have been effectively changing municipal services by using technology, and these […]

Myanmar steps up on company director accountability

Company directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]

6.0-magnitude quake jolts northwestern Myanmar, causes damages

YANGON, Aug. 31 (Xinhua) — An earthquake of 6.0 magnitude jolted Myanmar’s Sagaing region late Saturday, with damages reported. According to a release from Meteorology and Hydrology Department, the moderate quake struck at 21:39. local time (15:09 GMT). Its epicenter was measured at 22.5 kilometers northwest of Shwebo city and 53 kilometers south of Kanbalu […]

Influx of Japanese car parts companies expected in Yangon

More Japanese car parts companies are expected to enter Myanmar to meet demand from existing automobile manufacturers with facilities in Thilawa Special Economic Zone, said Japanese Ambassador to Myanmar Mr Ichiro Maruyama. Japanese car maker Suzuki currently operates a car assembly plant in Thilawa, while Toyota will begin operations at the SEZ in 2021, Mr […]

LexisNexis to Help Develop Property Data System for Myanmar’s Commercial Capital

YANGON—The Yangon regional government on Wednesday signed a memorandum of understanding (MOU) with LexisNexis Southeast Asia, a provider of information analytics, to help set up a reliable housing and real estate information system (HREIS) for Myanmar’s commercial capital. According to the regional government, LexisNexis will carry out the initial analysis for the HREIS, the first […]