Toyota sees uphill sales battle in Yangon

Local car dealer Toyota Aye and Sons is hoping a hire purchase scheme will help boost sales of a new Toyota model, which has to compete with a sea of used vehicles in a market complicated by regulations. Toyota has been struggling to sell brand-new cars in Myanmar despite campaigns and promotions. The market is already awash with […]

Meliá Yangon Hotel Opens in Myanmar

YANGON, MYANMAR — Meliá Hotels International has opened the Meliá Yangon, the first hotel operated by the brand in the country and a strategic project for its expansion strategy in the Asia Pacific region. Yangon is the country’s largest city and remains the biggest commercial center and main transit hub of the country, as well […]

DB Schenker sets up logistics entity in Myanmar

Schenker Myanmar will manage contract logistics business operations for customers in the telecommunications, and consumer goods industries. Schenker Myanmar will have over 80 employees operating the Contract Logistics & warehousing business, while the Yangon Branch of Schenker Thailand will continue to handle freight, customs clearance and transport operations. “Myanmar has seen a significant increase in […]

What potential does Myanmar offer food exporters?

The boom in tourism in Myanmar has inflated local demand for international food brands, while the local food manufacturing base remains very limited in scope. Tourism is expected to continue to grow after the country’s first democratically elected government came into power in April. Myanmar’s ministry of hotels and tourism announced a record 4.6m international tourists […]

Partnership With ABS Enables Riedel to Establish Footprint in Myanmar, Strengthen Service in Malaysia and Singapore

WUPPERTAL, Germany — May 25, 2016 — Riedel Communications has partnered with systems integrator Advanced Broadcast Solutions — Asia Pte. Ltd. (ABS) to extend its reach into Myanmar, a new market for the company’s communications and signal distribution products. With offices not only in Myanmar but also in Malaysia and Singapore, ABS will aid Riedel […]

Myanmar firms take fancy to helicopters

Bell Helicopter is taking its 412 EPI model on a five-month demonstration tour across Asia-Pacific starting in Myanmar, where private sector firms have begun to show an interest in helicopters, according to the company’s local dealer. “Last year, we told government associations and private companies that they can easily buy Bell helicopters from Singapore without […]

Myanmar investors swot up for new bourse

YANGON – Inside the graceful halls of Myanmar’s first modern bourse business leaders crowd into a crash course on sharetrading, as the former junta-run country takes another leap towards economic revitalisation. Rangoon Stock Exchange (YSX) is due to debut its first listed company on Friday, just days before a new civilian government overseen by Aung […]

Thailand eyes Myeik archipelago as new investment destination

Thailand‘s tourism minister has made her first trip to Myeik archipelago to assess the opportunities for investment along the untouched coastline of Tanintharyi Region. Myeik district, home to almost 700,000 people, mirrors the far more frequently visited shores of southern Thailand, along the opposite coastline of a narrow strip of land. Officials from Thailand and […]

Myanmar, Vietnam and India’s consumers extremely optimistic about the future

For the first time since 2012, consumers in Asia Pacific are not optimistic about the immediate future, according to the recently released MasterCard Index™ of Consumer Confidence (H2 2015). Between November and December 2015, 8,779 respondents, aged 18 to 64 in 17 Asia Pacific markets, were asked to give a six-month outlook on five economic factors […]

Emirates expands eastwards with Bangkok Airways codeshare deal

Dubai airline Emirates has signed a codeshare agreement with Thailand-based Bangkok Airways, significantly expanding its network in Southeast Asia. The new deal will see Emirates add its code to 19 Bangkok Airways routes across Southeast Asian cities. It will also add 14 more cities to the Dubai-owned carrier’s network, allowing it to connect passengers to […]