State Counselor’s Tourism Plan Promising but Hard to Implement

While giving State Counselor Daw Aung San Suu Kyi high marks for her strategies to reform the tourism sector, tour operators point out that conditions on the ground make her suggestions hard to implement. Speaking at a National Tourism Industry Development Central Committee meeting in Naypyitaw on Friday, Daw Aung San Suu Kyi put forward […]

SolarHome bags more funding to expand into Myanmar, Indonesia and Cambodia

SolarHome, an off-grid solar firm focused on Southeast Asia, has raised US$5 million to date, having recently closed a US$1 million convertible note offering with impact venture capital firm Insitor Impact Asia Fund. The new funding will help SolarHome to extend its network of hubs throughout Myanmar, offer more products and expand into Indonesia and […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Can Myanmar support 5 mobile players?

In the four years since the Myanmar government opened up the mobile industry to outside competition, the nation has experienced an economic revival across many sectors driven, in part, by its vastly improved communications network. Mobile penetration (based on unique users) jumped from 12 per cent in the middle of 2014 (about the same level […]

Rosewood Hotels & Resorts coming to Myanmar in 2018

Prime Residence has appointed Rosewood Hotels & Resorts to manage the Rosewood Yangon, which is scheduled to open in winter 2018. The company established by Kanok Furniture and Decoration of Thailand and Jewellery Luck Group of Myanmar originally planned for Kempinski Hotels to operate the property as the Heritage Hotel Kempinski Yangon., according to a […]

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 […]