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New Yangon City Chief Grilled Over Chinese Contractor’s Reputation

The CEO of the company developing the controversial New City project on the west bank of the Yangon River has defended the involvement of a Chinese firm with an international reputation for engaging in bribery and corruption. The Yangon government-backed New Yangon Development Company (NYDC) last year signed a US$1.5-billion (about 2.3 trillion kyats) framework […]

Gov’t takes steps to decentralize tourism sector

To step up efforts for tourism development in Myanmar, the Union Government will form three committees that will steer the decentralization of tourism services in accordance with the new tourism law, said Vice President U Henry Van Thio. He made the remarks in his capacity as the Chairman of the National Tourism Development Central Committee […]

Myanmar RMG units exporting to EU rose by 180 in 5 yrs22

The number of readymade garment (RMG) factories in Myanmar that export products to the European Union (EU) has increased by 180 within five years from 22 in 2013 to 202 now, primarily due to benefits offered by the EU’s generalized system of preferences (GSP), according to Aung Naing Oo, director general of department of investment […]

Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

High e-commerce potential, but growth stunted, for now

On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]

Govt counting on Asian travellers to boost tourism

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

China port pact in focus as President visits Myanmar

President Ram Nath Kovind’s first visit to Myanmar starting on Monday will be an occasion to build upon the strong bilateral relationship with India’s biggest link with the Asean region. However, with Myanmar signing the Kyaukpyu port project with China in November, officials in India are concerned that this port could become a greater security […]

Sichuan Airlines arrives in Yangon

Sichaun Airlines launched its first flight to Yangon (RGN) on 13 November, the day in which it started services from Xi’an (XIY). The 2,317-kilometre connection will be flown three times weekly using A320s, with the route facing no direct competition. Jose Angeja, COO, Yangon Airport said: “Sichuan Airlines connects Yangon, the commercial capital of Myanmar, […]

On Myanmar border, a city thrives

Opening-up has played a key role in the economic development of Tengchong, Yunnan province, both in the past and today, local authorities say. “It is not hard to see that all the economically active periods in Tengchong’s history were those when we had close contacts and deep exchanges with South and Southeast Asia, and the […]