Taiyo Nippon Sanso to turn out industrial gases in Myanmar

TOKYO — Taiyo Nippon Sanso will begin producing industrial gases in Myanmar in 2018 as demand looks to expand. The gas producer will establish a local affiliate within the year and bring in equipment to operate a plant in the Yangon area, investing a total of 1 billion yen ($9.78 million). With Japanese companies increasingly setting up operations in Myanmar, Taiyo Nippon Sanso expects steady […]

Myanmar needs to break into the European markets, say jade dealers

More than the sole reliance on the Chinese jade market, efforts are required to break into European markets as well in order to protect Myanmar’s jade market, say sources in the jade trading industry. In order to revive the domestic jade market by breaking into European markets, jade dealers exclaim that more needs to be […]

Plastic chips away at cash’s dominance in Myanmar

YANGON — Credit cards are gaining traction in Myanmar, where cash has long been king, with foreign players such as China UnionPay and Japan’s JCB lured by rising consumer incomes and an increasingly robust financial infrastructure. JCB, in conjunction with Myanmar Payment Union and Ayeyarwady Bank, also known as Aya Bank, debuted a credit card Tuesday […]

Big car opportunity in tiny Myanmar; can India drive home the advantage?

After half a century of isolation, Myanmar has finally opened up its market. It is a big country with a population of 51 million, strategically located between India, China and Thailand, with GDP growth of 8.7% in 2014—this growth is expected to be in a similar range until 2019. Since the formation of a new […]

Govt to Continue Tourism Policy of Maximum Growth

RANGOON — The government will continue the tourism policies set by its predecessor—aiming for maximum growth—and will continue to enumerate day-visitors crossing land borders as “tourists,” in contravention of international tourism standards. These intentions were laid out by Tint Thwin, director general of the Ministry of Hotels and Tourism, at the Myanmar Hospitality & Tourism […]

With return of Big Tobacco to Myanmar, smoking rates on the rise

Since the return of Big Tobacco to Myanmar en masse in 2013, smoking rates have increased markedly. Tobacco control experts warn that the firms’ sophisticated strategies are likely to push more people into the clutches of addiction From the backseat of a traffic-stranded cab attempting to travel from Yangon’s airport to a city hotel, Myanmar’s burgeoning love affair with […]

Myanmar plastics industry bound by lack of CMP licenses

Yangon, June 24 – the Myanmar Plastic Industries Association (MPIA) has voiced the Myanmar plastics industry would benefit from the issuing of Cut-Make-Packaging (CMP) licenses in the manner as has been supplied for the country’s garment factory industry. Myanmar plastic enterprises are currently confined to distribution solely within the domestic market. If domestically produce plastics […]

India to import pulses from Myanmar

A high level decision from the Indian government has made plans to import more pulses from Myanmar and to release a buffer stock in order to open the market as food prices in India climb, according to the Economic Times. India is the largest buyer of beans and pulses from Myanmar, around 70% of Myanmar’s […]

Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar

Swiber Holdings Limited, a Singapore-based offshore construction services provider to the oil and gas industry, reported Tuesday that it has won three contracts, worth $215 million, in the Middle East and Southeast Asia. The firm clinched an engineering, procurement, construction and installation (EPCI) contract from a European oil major to perform pipeline replacement work in […]

China’s Higer dominates highway express bus routes

As competition among highway express companies increases, the focus is increasingly on quality and safety. The industry has been transformed over the past few years by the importation of more comfortable buses and a huge change in the expectations of the travelling public, bus line owners say. Six years ago the Greater Man Group started […]