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New Shenzhen-Nay Pyi Taw flight launched

Dong Hai Airlines has launched a direct B738 route between Shenzhen and Nay Pyi Taw. The flight commenced operations yesterday and will run twice a week, according to Pioneer Aerodrome Services Company, which operates the Nay Pyi Taw International Airport. Dong Hai Airlines directly connects Myanmar’s capital to its second international destination. A number of […]

China-Backed Venture Proposes $800M Development Near Kyaukphyu Seaport

YANGON—A Chinese petrochemical giant and a Myanmar firm have jointly proposed to the Rakhine State government the development of nearly US$800 million (1.21 trillion kyats) worth of projects near the Kyaukphyu Special Economic Zone (SEZ)’s deep seaport and Ramree Island. The centerpiece of the proposal is a new logistics terminal on Maday Island situated 10 […]

Rice trading center in Shwebo to go public

After opening its fifth outlet in Sagaing Region, Shwebo Rice Trading Center is planning to change its corporate status to public to be on par with other trading centers in Myanmar, U Phyo Thura, vice president of the company, told The Myanmar Times on July 10. This will help elevate the center’s presence in the […]

Myanmar’s strategic coastline draws big Asian economies

YANGON — Asia’s biggest economies of China, Japan and India are aggressively backing new port projects in Myanmar, seeking to gain a foothold on the coastline of the geographically prized nation. Located between China, India and Southeast Asia, Myanmar features prominently in regional plans to boost logistical connectivity. Especially eager to expand its presence has […]

Myanmar on the radar as investors shift funds from China

Myanmar is well-positioned to benefit from the flight of capital to the Asean region as the trade war between China and the US plays out, officials said. ‘’Myanmar is one of the targeted countries for businesses planning to shift out of China to avoid the fallout from the trade war,” Li Fuquan, the chair of […]

Authorities urged to take action against growing zero-dollar tourism

The proliferation of zero-dollar tourism, sometimes known as zero-budget tourism, is prompting calls for action against such operations, which are largely run by Chinese nationals for tourists from China. Such tours have become a bane to the tourism industry of the region, with a crackdown by the Thai government in recent years highlighting the abuses […]

China to import US$500m of Myanmar rice this year: minister

The value of rice Kunming will import from Myanmar this year is expected to reach US$500 million this year through a barter arrangement, deputy commerce minister U Aung Htoo claimed. A memorandum of understanding was signed between the two countries for bartering goods recently. “According to report sent from Kunming roughly that they would buy […]

In China, jade sales enter the era of livestreaming

Wang Qing was clearly unhappy with the amount being offered for a rock that might contain high-quality jade. Speaking into his phone during a livestream auction in Ruili, a city in Yunnan province on China’s border with Myanmar, he said: “7,000 yuan (RM4,228)? For this? Before you offer a second price, friend, please take a […]

Foreign Countries Behind Myitsone Dam Opposition: Chinese Ambassador

YANGON—Opposition to the controversial Chinese-backed Myitsone Dam was politically victimized by “some forces backed by foreign countries” in an effort to derail Myanmar’s democratic reform process and hinder China-Myanmar relations, the outgoing Chinese ambassador to Myanmar said. “Misinformation frequently came out [about the dam]. Their goal is to create misunderstanding about the project,” Ambassador Hong […]

Export revenue from Muse border trade drops by US$600m

Myanmar recently launched its updated National Export Strategy for the next five years. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors. But the government must first address leakages occurring at the border that result in lower than optimal export […]