Tourism players are hopeful that a string of new flights will boost inbound tourism to Myanmar. In recent months, a number of airlines have started operating new routes connecting China with Myanmar, with other international airlines announcing imminent flights. Chinese destinations include new routes to Hangzhou, Shanghai and Wuhan. Last month, Indian LCC IndiGo Airlines […]
Aik Htun: Driver turned Tycoon
December 21, 2018 by
For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]
The man behind the success of Singapore Festival 2018
December 10, 2018 by
In a bid to reach out and enable more Yangonites and visitors to enjoy the festivities, the Singapore Tourism Board (STB) transformed the third edition of the festival from a mall-based format to an outdoor street event this year. Although the festival was organised by STB in collaboration with local non-government group Doh Eain and […]
Colliers Property Report – Yangon Service Apartment Q3 2018
November 15, 2018 by
SUMMARY & RECOMMENDATIONS Since Q4 2017, no new projects were introduced. During the past four quarters, Yangon only witnessed renovation and expansion initiatives from the already existing developments. In turn, as at the end of Q3 2018, the citywide occupancy rate managed to rise above 84%. Conversely, rental rates across all unit categories have marginally […]
What to expect from Myanmar’s top five export sectors
November 15, 2018 by
Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]
Hotel expansion continues in Yangon
November 5, 2018 by
More hotels are on the way in Myanmar’s commercial capital, Yangon, despite a sluggish tourism performance over the last two years due to the on-going Rohingya crisis. Developers at the luxury end of the market appear undeterred by the drop in European tourists believing business and luxury travel segments will continue to grow. But tour […]
First flight from Italy to Myanmar arrives tomorrow
October 31, 2018 by
An air link between Italy and Myanmar will be established starting tomorrow. Milan-based Neos Spa, an Italian leisure airline, will begin flying the route with a chartered Boeing 767 every Wednesday. The flight will stop over in Phu Quoc, Vietnam before landing at Yangon International Airport. Neos will be the first airline to fly from […]
Southern Shan co-op exports $35,000 worth of coffee to Europe
October 22, 2018 by
A Shan-based co-operative involving almost a thousand local farmers has exported its first container of coffee worth US$35,000 to Europe. The Green Gold cooperative (co-op) exported its first container of select coffee to the European market on Friday. The United Nations Office on Drugs and Crime (UNODC) said the export represents a positive development in […]
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