Digicel’s Myanmar deal adds to Islamic finance landscape

May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]

Airlines Scramble to Land in Myanmar, but Visas Still up in the Air

BANGKOK — Foreign airline companies big and small are falling over one another in a battle for landing rights in Myanmar to tap into Southeast Asia’s new and rapidly rising tourist destination. Myanmar may still be a long way behind its neighbor Thailand in visitor numbers, but since President U Thein Sein began opening up […]

New and Improved Airports Needed as Myanmar’s Tourism Grows, Officials Say

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be […]