Australia Wants AIIB to Invest in Coal Power

​​ Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]

Antiques selling well with increasing number of tourists

  With an increasing number of tourists coming to Myanmar, the sale of antiques are also on the rise, it is learnt. The antique shops are dependent on tourists because they have the appreciation, knowledge and income to collect antiques. The shops are found mostly in Yangon, Mandalay, Inle, Bagan and NyaungU. Antique store owners […]

How Long can Vietnam’s IT Industry Thrive on Low-Cost Labor?

Vietnamese engineers are now earning much less than their peers with similar skill sets in the region. Vietnam’s information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking […]

Telenor on a building spree in Myanmar

The Norwegian-linked company Telenor wants to make sure that affordable mobile communication services reach all levels of Myanmar society, and not only targeting the high-income earners. CEO of the company, Lars Erik Tellmann, says that they plan on doing so by adopting the same sales and distribution model that was implemented in several other Asian countries. “Telenor is committed […]

Jovago Announces Myanmar Expansion

Present in over 40 African countries and in 2 Asian countries, Jovago – the first hotel booking online site in Africa has announced the opening of its third office in Asia and seventeenth in the world. This new expansion confirms the Jovago strategy to expands operations and presence in Asia with a local presence in […]

US engineering firm returns to Myanmar

Black & Veatch was recently appointed by Green Earth Power (Thailand) to provide design and consultancy services for a solar power project in Myanmar, the first after the company opened an office in the country. The contract marked the return of the US firm to the country. It has a history of working in Myanmar […]

Tourist arrivals increase by 83 percent in three years

Tourist arrivals in Myanmar increased by 83 percent between October 2010 and October this year, according to Ministry of Hotel and Tourism statistics. According to the announcement, there were about 800,000 tourist arrivals in 2010 and more than 1.5 million tourists in 2013. The tourists arrived via Yangon, Mandalay, Bagan, Nay Pyi Taw and border […]