Shoe factory creating 300 job opportunities by to be opened soon in Myawady Economic Zone

A shoe factory which can create job opportunities for 300 people will be opened soon in Myawady Economic Zone, Myawady Township near the border of Myanmar and Thailand. This factory is located seven mile away from Myawady Town, where the Myawady Economic Zone was developed in 2013. Total 37 plots of lands for factories had […]

Ajinomoto returns to Myanmar with ingredient from Thailand

YANGON: Japanese seasoning and food maker Ajinomoto Co has restarted sales of its namesake seasoning in Myanmar through a local subsidiary, aiming to cater to growing demand after suspending business in the country in 2000. The completion ceremony for a packaging plant of Myanmar Ajinomoto Foods Co was held on Tuesday in the Thilawa Special […]

Tourasia co-owns Diethelm and is in driver’s seat

Swiss tour operator Tourasia has emerged as a substantial shareholder of Diethelm Travel Group (DTG) with its founder/managing director (MD) Stephan Roemer taking the driver’s seat at DTG as its CEO based in Bangkok, effective next week. Lisa Fitzell, group MD of DTG, is on a garden leave till January and is no longer with […]

India: Myanmar visa fee removal boosts prospects of healthcare tourism

KOLKATA, SEPTEMBER 17: India’s recent decision to remove $80 visa charge for Myanmar nationals (except in e-visa) improved prospects of healthcare tourism in India. West Bengal may be a major gainer as Kolkata has the best flight connectivity to Myanmar among all major Indian cities. Advantage India India controls the expanding pharmaceutical products market in […]

Hong Kong leader heads to Myanmar seeking to complement Belt and Road

HONG Kong’s Chief Executive Carrie Lam will visit Myanmar on September 14-17 in an effort to step up its game in ASEAN and is expected to promote Beijing’s Belt and Road Initiative. Mrs Lam will be speaking at the 14th World Chinese Entrepreneurs Convention (WCEC) on September 16, which is held by the Yangon-headquartered Myanmar […]

Colliers Property Report: Yangon Serviced Apartment Q2 2017

Lower-tier modern developments gaining popularity Lower tier but modern projects are gaining more traction while movements from older and poorly maintained serviced apartments are becoming more apparent. In general, housing budgets remain a key consideration among many businesses and Colliers continuous to urge developers to veer away from upscale offerings, and rather focus on more […]

DHL to Invest Bt2.7 Billion in Region

DHL Supply Chain, the world’s leading contract logistics provider, has announced it will invest Bt2.7 billion in growing its regional footprint in Thailand, Vietnam, Cambodia and Myanmar by 2020. DHL Supply Chain is already a market leader in Thailand and Vietnam and in July 2017, the company was the first 100 per cent foreign-owned logistics […]

Business Mogul Tay Za Makes Surprise Appearance at SEA Games

YANGON — In his first public appearance for years, business mogul U Tay Za presented US$10,000 to the Myanmar men’s football team on Monday after the team beat Singapore in the 29th SEA Games in Malaysia. According to sources, U Tay Za has been in Malaysia since Sunday, together with his son Ko Pyae Phyo […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

Race to Unlock Yangon’s Gridlock

On a repurposed bus still bearing Korean-language transit maps, Mr Soe Than navigates service No. 4 through rush-hour Yangon. Powerful air-conditioning keeps the mix of students, labourers and office workers cool even though bus attendants hang off the side of the vehicle through an open rear door. But it’s a long, jerky ride to the […]