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Flydubai to provide Yangon-Dubai flight services commencing December 10

Dubai-based flydubai announced that it would provide direct flight services from Yangon to Dubai, starting from December 10 in 2019, according to Emirates Airlines. The Emirate Airlines is operating flight services from Yangon to Dubai four times a week. Dubai-based flydubai will start operating direct flight services from Yangon to Dubai every day commencing on […]

Myanmar urged to develop microinsurance for the poor

Insurance services in Myanmar need to reach out beyond the existing clientele to support households with lower incomes to manage their insurable risks, participants at an industry workshop said. UK-funded DaNa Facility and the USAID’s Private Sector Development Activity jointly organised the seminar on “Promoting Microinsurance in Myanmar” in Yangon on September 9. “It is […]

Myanmar Central Bank unlikely to accept deputy governor’s resignation: sources

The Central Bank of Myanmar (CBM) is unlikely to accept the resignation of its deputy governor, U Soe Thein, according to government sources in Myanmar’s administrative capital Naypyitaw. “I heard that U Soe Thein submitted his resignation directly to the governor and the governor is unlikely to forward it to the President’s Office. He doesn’t […]

Myanmar, Korea sign MoUs on preliminary survey of Dala New City Project and housing finance

Myanmar and South Korea have signed a memorandum of understanding on the preliminary survey of the Dala New City Project and an MoU on financial cooperation in the real estate sector, according to the Korea-Myanmar business forum held at the Lotte Hotel in Yangon on September 4. “As we launch Korea-Myanmar Industrial Complex (KMIC) and […]

Korean firms flock to ‘Asia’s last frontier’ Myanmar

In line with President Moon Jae-in’s tour of Southeast Asia this week, South Korean business leaders and ranking officials visited Myanmar, the reclusive country bordering China — that is opening up now. Several of them chose to visit Myanmar exclusively –- from Tuesday to Thursday — skipping Moon’s other destinations such as Thailand and Laos. […]

Chinese-owned garment factory strikers sued by Myanmar police

Labor strike leaders from a garment factory working for international brands like Zara and Holly & Whyte have been sued by police for unlawful assembly while staging a sit-in against alleged labor rights abuses at their workplace. Police in Pathein, the capital of Irrawaddy Region, opened a case against seven labor strike leaders and a […]

Department wants airports to have aircraft recovery systems

The Department of Civil Aviation wants to require airports across the country to install aircraft recovery systems, which would include aircraft lifting bags, to improve safety and minimise delays if accidents happen, a senior aviation official said. U Ye Htut Aung, deputy director general of the department, said the government will allocate money for the […]

3 businesses with operations in this fast-growing asian country

Myanmar is considered the “final frontier” in Asia — both literally and metaphorically — as it is one of the last countries within Asia to open its doors to foreign investors in recent years. In the last decade or so, countries such as Vietnam, Cambodia, and Laos have opened up to the outside world, and […]

Questions arise over cost, accessibility of two-step loans

Despite the important role small and medium enterprises (SMEs) play in the economy, repeated requests for more affordable loans and easier access to financing remain a challenge for the sector. One avenue for SMEs to access financing in Myanmar is via funds provided by official development assistance organisations such as Japan International Cooperation Agency (JICA). […]

YSX traded stocks in 2019 reaches highest in August

The value of stocks traded on the Yangon Stock Exchange (YSX) hit the highest level of US$1.9 billion this year in August, according to the monthly report of the YSX. A total of 322,176 shares were traded on the exchange during the month. At present, shares of five listed companies — First Myanmar Investment (FMI), […]