Fast-Growing Coffee Sector Looks for Extra Shot of Support From Government

YANGON— Myanmar’s coffee market is growing robustly, with the country’s beans attracting increasing interest in international markets as well as locally, industry sources said. U Min Hlaing, secretary of the Myanmar Coffee Association, said demand for Myanmar coffee has surged in the past few years and it is now being exported to more than a […]

Chinese, Japanese, S. Koreans to Get Visas on Arrival from October

YANGON—Amid declining tourists numbers during the first half of the year, the government on Tuesday announced a plan to ease visa requirements for Japanese, South Korean and Chinese citizens effective Oct. 1. According to the Hotel and Tourism Ministry, citizens of Japan, South Korea and China will be able to request visas on arrival at […]

Myanmar turns attention to Asian travellers as European markets decline

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]

With its economy opening, Myanmar scoping seafood opportunities

The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]

Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

Nay Pyi Taw Gem Emporium Kicks off, Lower Sales Expected

A total of 6,875 gems, including two jade lots worth €5.8 million, will be exhibited for sale at the 2017 year-end Myanma Gem Emporium which will be held from December 12 to 21 at Mani Yadana Gems Hall in Nay Pyi Taw. “The two jade lots have the highest floor price among all the gems,” […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]