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Myanmar: A New Pattern of China-Japan Interactions?

If Japan and China focus on different rail systems in Myanmar, can their division of labor create a new pattern for cooperation? Myanmar Railways (MR) has been variously criticized for its low efficiency and increasing costs. Solutions are needed. Since the country’s independence, the British colonial era meter gauge rail system has not been modernized […]

Yoma Strategic buying Myanmar restaurant chain Yankin Kyay Oh for 19.4b kyat

Mainboard-listed company Yoma Strategic Holdings will be acquiring a 65 per cent stake in one of Myanmar’s largest restaurant chains, Yankin Kyay Oh Group of Companies Limited (YKKO), for around 19.4 billion kyat (S$17.1 million), the company said in a media statement. The amount, to be funded by internal resources and recent financing activities, took […]

Parliament passes gemstone bill amid criticism

Myanmar’s parliament has passed a controversial bill governing the gemstone sector, paving the way to restart the licensing of mining companies after a two-year moratorium. Upon taking office in 2016, the National League for Democracy-led administration suspended issuing new or extension of existing gemstone licences pending a governance review intended to clean up the sector. […]

Yangon International Airport gears up for new flights, new destinations

Yangon International Airport is poised to welcome more airlines and passenger this year as travel demand grows following Myanmar’s relaxation of entry visa requirements at the end of 2018. The Yangon Aerodrome Company Limited, the company that manages Yangon’s international airport, says it’s increasing airport facilities and stepping up marketing to open new direct routes […]

CBM mulls new system of bank payments in Myanmar-China trade

The Central Bank of Myanmar (CBM) has said it will allow traders to make payments through banks for conducting trading activities with China. The CBM will allow the payment facility beginning this year, and plans to grant permits to private banks to offer the facility. Under the new service, individual traders will be able to […]

Thai company to conduct impact study for offshore block

Thailand’s national oil and gas company PTT Exploration and Production Public Co Ltd will conduct an environmental impact assessment (EIA) of the offshore block called M9 before drilling exploratory and test wells in the second quarter of the year, the company has told Myanmar Times. PTTEP said it will conduct the EIA to ensure there […]

French Tourist Could Face Prison for Flying Drone in Myanmar’s Capital

A French tourist who was arrested last week after allegedly flying a drone near Myanmar’s Parliament could face up to three years in prison under the country’s strict laws on unmanned aerial vehicles. The Frenchman, Michel Desclaux, 27, could be charged with bringing a drone into the country illegally as well as flying one in […]

Japanese company opens US$5m factory

Oshimanoki, a 100-year-old Japanese producer of rice processing machinery, has officially opened its first factory to produce such machinery in the Thilawa Special Economic Zone (SEZ). The factory is said to be the first of its kind in the country. During the opening ceremony of the US$5 million factory on Thursday, executives said they are […]

Japan envoy says development is solution for Rakhine

Japan’s top envoy to Myanmar said that economic development is an answer to Rakhine’s conflict and that Tokyo is considering providing aid for the state. “If there is economic development, I believe that there will be no conflict,” Japanese Ambassador Ichiro Maruyama said ahead of a Japan-backed investment fair in Ngapali. The first Rakhine Investment […]

NYDC – Development of an Environment and Social Management Framework

CEO’s Weekly Blog – 14 February 2019 Development of an Environment and Social Management Framework Dear Friends, The New Yangon City team has kick-started the Strategic Environmental Assessment (SEA) and Environmental Impact Assessment (EIA) for the Development of the New Yangon City Project Master Plan. This is in collaboration with the consultant Environmental Resources Management […]