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New Inbound Flights Raise Prospects for Myanmar Tourism

Tourism players are hopeful that a string of new flights will boost inbound tourism to Myanmar. In recent months, a number of airlines have started operating new routes connecting China with Myanmar, with other international airlines announcing imminent flights. Chinese destinations include new routes to Hangzhou, Shanghai and Wuhan. Last month, Indian LCC IndiGo Airlines […]

Singapore-listed Yoma in tie-up with Ayala unit for renewable energy projects in Myanmar

SINGAPORE – Myanmar-focused Yoma Strategic Holdings said on Monday it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation. The two companies are looking to establish a 50:50 joint venture (JV) to scale up Yoma Micro Power (S) Pte Ltd (YMP) and to explore developing around 200 megawatts […]

Myanmar’s farmers go hi-tech

\ According to the World Bank, Asia supports the food demands of 60 percent of the global population by using just 23 percent of the world’s agricultural land. Due to an increasing population and decreasing land mass, the role of technology in agriculture is key. This is where the booming start-up scene in Southeast Asia […]

Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

Vietnam’s Viettel seeks to double Myanmar customer base – CEO

Vietnam’s largest telecommunication company, Viettel, is seeking to double its five million subscribers in Myanmar by the end of the year, its president and chief executive officer Le Dang Dung told Reuters an in interview on Friday. Viettel, whose $1.22 billion unit Viettel Global Investment is trading on the Unlisted Public Company Market, has also […]

Changes in petroleum law could give Myanmar a boost in oil and gas investments

Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research. With Myanmar among the few under-explored upstream markets in Asia and interest […]

Govt counting on Asian travellers to boost tourism

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

The EU’s Tariff Threats Against Asia’s Autocrats Risk Backfiring

The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region. Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election […]

Can mobile banking overcome Myanmar’s trust issues?

It is 5pm on a Wednesday and Yangon’s streets are at a near standstill. Sunset comes early to this city of 7.36 million. Thankfully, since it is winter, the weather is cooler and drier than the rest of the year. So as dusk descends over some of the unruliest traffic in Asia – there are […]