Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Tachilek on an e-Visa

Chiang Rai, 17 January 2017: Travel to the Mekong Region is often called the ‘last frontier,” but with a littler effort the frontier hassles can be rolled back for the determined traveller. A phrase coined to conjure up the mystique of travel ironically identifies the major snag for travellers to the Greater Mekong Sub-region; frontiers. […]

Thai AirAsia adds Mandalay flight

Thai AirAsia (TAA) is to introduce a second daily flight from Bangkok to Mandalay to meet stronger demand. The additional service will commence on March 17, expanding the low-cost carrier’s (LCC) footprint in the emerging travel market. Santisuk Klongchaiya, commercial director for TAA, said the airline’s services to Myanmar have grown in popularity as Thais […]

Myanmar manufacturing set for takeoff

With the end to economic sanctions triggering an investment boom and an abundance of low-cost labor, Myanmar’s nascent manufacturing industries look set for major growth. In the space of less than two years, Japanese clothing retailer Honeys has increased the number of production lines at its second factory in Myanmar from five to 34. The […]

Thai delegation visits Myanmar

Deputy Prime Minister Somkid Jatusripitak is scheduled to lead a Thai delegation to Myanmar on Feb 2-3, seeking to expand bilateral trade and investment as well as border trade. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the delegation will include 40 representatives who will meet Myanmar businesspeople to discuss possible partnership on […]

SEA mobile market update: Malaysia falls, Myanmar booms

The close of 2016 saw a number of significant shifts in operator rankings across many countries in Southeast Asia. The biggest change was in the Philippines, where Globe Telecom moved ahead of incumbent Smart after adding more than 10 million connections and expanding its market share by 4 percentage points to lead with a 52 […]

Singapore Myanmar Investco warns of impending lawsuit by Golden Infrastructure Group

Singapore Myanmar Investco has received an email from the lawyers of joint venture partner Golden Infrastructure Group (GIG) threatening to file a criminal complaint to Singapore’s State Courts against the company’s directors and management for possible breaches. The complaint relates to SMI’s plans to divest its 97% stake in its telecommunications tower business, Myanmar Infrastructure […]

YSX’s Newest Trading Company Announces Base Share Price

​​ RANGOON — The Yangon Stock Exchange’s (YSX) newest trading company, First Private Bank (FPB), announced its base share price on Thursday, one day before trading is set to begin. The FPB will be start trading in YSX at January 20. The share base price for FPB is 39,000 kyats (US$28.50), with the upper limit set […]

Trade Groups Raise Traffic Concerns as Yebu Gate Reopens

​​ The Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in serious traffic problems, say traders and local trade bodies. […]

Sembcorp Takes Another Step on Myingyan Project

​​ Singaporean energy firm Sembcorp signed a build-operate-transfer (BOT) agreement with Myanmar’s energy ministry yesterday for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and commercial, signed the BOT agreement with U Htein Lwin, […]