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Deal Signed to Purchase Power from Kyaukphyu Power Plant Project

According to a statement from the MOEE, the power purchase agreement (PPA) was signed last Tuesday. Kyauk Phyu Electric Power Co is a joint venture between Myanmar’s Supreme Group and Chinese state-owned firm Power China. The gas-fired power plant in Kyaukphyu, Rakhine State, is one of four projects expected to generate a total of 3111MW […]

As remittance market reaches saturation, mobile money keeps growing

If the mobile money market were a football match, then the second half has just begun. As the undisputed market leader, Wave Money is already a few goals ahead. It reports having almost 50,000 agents and more than 11 million customers, who remitted US$2.8 billion between January and September of this year. By the end […]

Ruili Airlines starts direct flight between Yangon and Yunnan’s Dehong

Chinese service carrier Ruili Airlines has started its second direct flight, this time connecting Yangon and Dehong, Yunnan Province, on Sunday. Ruili Airlines will be flying four times weekly on Mondays, Wednesdays, Fridays, and Sundays from Yangon International Airport (YIA) to Dehong, the airport said in a statement. The airline will be flying a Boeing […]

A bite of Yangon

From July 5 to July 19, the undergraduate team of the School of Journalism and Information Communication of Huazhong University of Science and Technology went to Mizzima, a famous media group in Myanmar, for a 15-day internship. During the internship period, 10 undergraduate students formed three teams to conduct research in different directions according to […]

Chinese firm in talks to develop industrial zone

A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min Win […]

JC International adds Yangon route

PHNOM PENH, 7 August 2019: JC International Airlines, a Chinese owned airline operating out of Phnom Penh, Cambodia, will launch a new service to Yangon 15 August. It will mark the first direct flight between Yangon the commercial capital of Myanmar and Phnom Penh capital of Cambodia. The airline also identified on its network chart […]

Myanmar tycoon Serge Pun joins panel in North Korea

Influential Myanmar tycoon Serge Pun, owner of one of Myanmar’s largest conglomerates, is currently in North Korea as part of an exchange program organized by the Singapore-based CHOSON Exchange, an organization that brings professionals from around the world to connect with North Korean university students, institutions and officials. Serge Pun’s Yoma Strategic Group, listed on […]

Chinese tourism in Myanmar growing, while industry still adapts

YANGON—Chinese arrivals in Myanmar have increased by nearly 200,000 over the last year thanks to Myanmar’s relaxed visa stipulations, according to the Ministry of Hotels and Tourism. Myanmar received 320,882 Chinese travelers from January through June, an increase of 187,185 compared to the same period last year. Japanese and Korean arrivals in Myanmar also increased […]

Foreign education providers seek opportunities in Myanmar

The private education industry in the country continues to evoke interest from foreign education providers, with several having invested here in the past year ever since the government loosened regulations for the setting up of such educational institutions. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) officials recently met with private education […]

Yangon’s thriving Chinatown shows how food can help heal scars of Myanmar’s past

After the anti-Chinese riots in the 1960s and years of discrimination, Chinese immigrants are now celebrating their identity and heritage through food. Yangon Chinatown’s food evolution illustrates the changing times of the country. Two days after the end of Chinese New Year, Rabbit Bakery is still busy churning out pastries for eager customers. Inside the […]