Relaunching Myitsone Hydropower dam could win investor confidence in Myanmar

Myanmar President U Win Myint on Thursday started a visit to Thailand, where he will attend the 8th Ayeyawady-Chao Phyra Mekong Economic Cooperation Strategy (ACMECS) Summit. The summit is intended to promote regional economic integration by narrowing the development gaps among the five member countries – Cambodia, Laos, Myanmar, Thailand and Vietnam. In 2015 when […]

SKT provides energy-efficient cookstoves for Myanmar

South Korea’s leading mobile operator SK Telecom said Monday it would start providing cookstoves for Myanmar’s citizens to help improve environmental conditions under a partnership with the country’s government. This year, the company will supply a total of 54,000 energy-efficient cookstoves for households who live in dry areas of the country, helping to decrease the […]

Myanmar is new frontier for Japanese condo developer

YANGON — Japanese housing developer Tama Home will establish a condominium joint venture in Myanmar in a bid to attract rising ranks of higher-income buyers. Tama Home and local partner Kakehashi Real Estate Group will set up the new company, which will serve as the lead contractor on projects. Construction has started on a 541-sq.-meter […]

Bangkok Airways to fly direct between Yangon and Phuket

Thailand’s Bangkok Airways will start direct flights between Yangon and Phuket starting on November 17, Varong Israsena, the Bangkok-based regional airline vice president of sales told The Myanmar Times in Yangon. State-owned Myanmar National Airlines started operating a direct flight between Yangon and Phuket a month ago. “MNA sees the potential and increase in traffic […]

Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

Oway Group receives private equity to expand in competitive taxi market

Oway Group last week received $7 million in fresh funds from Mekong-focused private equity firm Belt Road Capital Management (BRCM), which is headquartered in Cambodia. The online travel service provider, which is founded by local entrepreneur Nay Aung, operates the mobile taxi-hailing service Oway Ride as well as oway.com.mm, Myanmar’s largest online travel portal. The […]

Indochina Is Southeast Asia’s Final Frontier

Singapore, Indonesia, and Thailand are some of the forerunners in general and business aviation (GA/BA) in Southeast Asia. However, the Indochina region is emerging as a contender for growth with countries such as Vietnam, Myanmar, and Cambodia experiencing GDP growth and enjoying an expanding tourism industry. Myanmar’s economic liberalization has seen a surge in foreign […]

Cambodia, Myanmar frontier for VN firms: experts

Cambodia and Myanmar offer huge investment opportunities in the agricultural sector for Vietnamese firms, experts said. The two countries have made a successful switch from a centrally planned economy to a market-oriented one, and their productivity has increased significantly while labour costs remain competitive. Speaking at a seminar in HCM City on Thursday on the […]

Cambodia’s Garment : A sector too big to fail?

Cambodia’s garment sector is the backbone of the country’s export-driven economy and employs 86 percent of all factory workers. But the sector faces threats from increasingly competitive regional neighbours, the inevitable shift to automation and the potential loss of preferential trade agreements. The stakes couldn’t be higher for the country’s economy. About 40 percent of […]

Private equity firm casts net on Mekong region

A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]