Yangon blighted by housing woes

There’s no doubt many Yangon residents want to own their own home in the city as soon as possible, especially those with families or planning to start one. But for many city folks, the prices of new housing units, even those classified as low-cost housing, are beyond their reach given the current state of the […]

Yangon Aerodrome Company announces new milestones and upgrades for Yangon International Airport

Yangon Aerodrome Company Limited (YACL) is increasing the capacity of Yangon International Airport (YIA), the gateway to Myanmar, and stepping up marketing to open new international routes, even as YIA is likely to close 2018 with the slowest growth in air passenger traffic in five years. At a media briefing today to announce the five […]

Myanmar’s first dry port opens for business

KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two separate dry port projects in Ywar Thar Gyi, Yangon yesterday. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains will run from Ywar Thargyi to a second dry port in Myit Nge, Mandalay, which KM […]

China and Japan in Myanmar

Since 2015, Myanmar has been heading toward a market approach. There is also huge potential for the country to upgrade its structure with China, and also within the rest of the country. Things have been moving in the right direction. China and Japan have been assisting Myanmar’s Government despite the Rohingya crisis Myanmar is a […]

Mother Finance set to transform credit access in Myanmar

Access to credit will no longer be a problem for Myanmar people thanks to an innovative consumer lending application which allows anyone with a smartphone to easily apply for a loan regardless of their financial records, according to Theta Aye, founder and chief executive of Mother Finance Co. “Our goal is to serve unbanked customers […]

Daw Suu pitches Myanmar to ASEAN, vows to improve business environment

State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]

Shan State Coffee Producer Wins ASEAN Business Award

Local social enterprise Aung Nay Lin Htun, which manufactures and distributes Myanmar’s first international-standard specialty coffee brand, Genius Shan Highlands, won an ASEAN Business Award on Monday in the Sustainable Social Enterprise category. The ASEAN Business Awards 2018 were presented in Singapore in the categories of Priority Integration Sectors; SME Excellence (Corporate Social Responsibility, Employment, […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

Transparency in Delayed $2B Development Project Requested in Lower House

A $2 billion development project to be undertaken by the Ministry of Construction and a private company in Yangon was questioned in the Parliament’s Lower House on Tuesday over its lack of transparency. Despite the project agreement being signed two years ago, no start appears to have been made on it and the revenue-sharing deal […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]