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 […]

Dusit Thani Yangon to Bring International Hospitality to Myanmar in 2019

​​ Dusit International has signed a management agreement with Myanmar V-Pile Group to operate the Dusit Thani Yangon. Located just 15 minutes by car from Yangon International Airport, and approximately 20 minutes’ drive from the city’s main tourist attraction, the Shwedagon Pagoda, the new property sits at the heart of land earmarked by the Myanmar […]

Myanmar Opens Talks with Thailand on Reciprocal Banking Access

BANGKOK — The central banks of Thailand and Myanmar agreed Sunday to start talks on granting access to designated banks in each other’s markets, marking a small step forward in the financial integration of the Association of Southeast Asian Nations. For Thailand, Myanmar is the third country to enter bilateral discussions on bank access, following […]

Myanmar Property Investors Look Overseas

Wealthy Myanmar property investors are showing more appetite for foreign purchases, according to KAE Alliance real estate, which has sold 20 foreign properties to local buyers this year. U Kyaw Min Zin, director of KAE Alliance, said that his firm had sold two Singaporean and 18 Malaysian properties so far this year, with investors clearly […]

Asean Infrastructure More Than Just Roads, Rails and Ports

Investment in soft infrastructure is as important as investment in hard infrastructure as the Asean Economic Community (AEC) pushes for inclusive economic growth by improving the region’s infrastructure as a whole, says Indonesia’s investment chief. “If you want to go fast you go alone, but if you want to go far you have to go […]

Aeon’s Myanmar debut marks milestone in reform

August 14, 2016 7:00 am JST A new joint venture will take over Orange stores like this one in Yangon. YANGON — The approval of Japanese retailer Aeon to open up shop in Myanmar is a hallmark of the country’s economic reforms, a result of efforts by the new government overseen by Aung San Suu […]

Myanmar Cosmetics Association expresses doubts over industry future

Although the Myanmar government has made steps towards growing domestic beauty businesses, the country’s cosmetics body says measures need to be stepped up to protect domestic players. The Myanmar Cosmetics Association (MCA) has recently made an official request to the Myanmar Investment Commission to put the industry on its radar and start both protecting and […]

MV TV chief focuses on overseas business, eyes opportunity in Laos, Myanmar

AFTER THE failure to strike a deal with Thai TV Co to run a digital free-to-air MVTV Family channel last year, MV Television (Thailand) appeared to stay away from the spotlight. In the first media interview given since then, Chaiyut Tavipvoradech, president of MV Television (Thailand), reveals his new milestones now that the company’s stronghold […]

Myanmar’s leaders target ASEAN ties with first foreign trip

VIENTIANE — Myanmar President Htin Kyaw and de facto leader Aung San Suu Kyi’s choice of Laos for their first trip abroad reaffirms the new administration’s focus on building ties with the rest of Southeast Asia. Suu Kyi, acting as state counselor and foreign minister, accompanied Htin Kyaw in talks with his Laotian counterpart, Bounnhang […]

Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]