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Myanmar, Japan revive talks on building Hanthawaddy airport

Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]

Nordic Group Expands into Thailand

Yangon 22 May 2019 In an unusual example of outward investment, Myanmar Logistics provider Nordic Group has announced the startup of of Nordic Logistics Ltd in Thailand to support its new road transport service between Thailand and Myanmar. Nordic Group was co-founded in 2015 by Mon Myat Thu and Thorstein Svendsen, and has rapidly emerged […]

Rakhine opens new beaches for hotel, tourism investments

The Ministry of Hotels and Tourism and the Rakhine State Government will open up new beaches along the Rakhine coast for new hotel projects in order to draw more tourism investments into the state, said U Ye Aung Moe, director of Ministry of Hotels and Tourism. So far, the ministry has designated the Gyite Taw, […]

Myanmar’s Yangon International Airport reveals growth plans

Myanmar’s Yangon International Airport is to be further upgraded to better equip it to accommodate more international traffic. Operator, Yangon Aerodrome Company Limited (YACL), has also revealed that it is stepping up its marketing efforts in a bid to develop its international route network. The announcements come despite the airport admitting that it is likely […]

Confusion emerges after foreign liquor ban

At a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]

Ooredoo and Nokia Enter in a Partnership, Introducing IoT Services to Myanmar

Ooredoo Myanmar and Nokia have agreed to enter into a partnership to introduce first ever Internet of Things (IoT) services platform in the country. The platform will allow its customers, especially in enterprise and government sectors to build customized solutions to streamline and govern their respective operations on a real time basis. Not only this, […]

Uber’s Yangon strategy stumbles, competitors push ahead

Complaints about Uber in Yangon are mounting even as officials of the company insist that it continues to improve its ride-hailing service for both drivers and passengers. US-based Uber first began operating in Yangon last May, joining local taxi operators Oway Ride and Hello Cabs. Months later, Singapore-based Grab, also launched its ride-hailing service in […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]