foreign businesses

Ticketing start-up Bookme expands from Pakistan to Myanmar

December 3, 2015 by Thiha

Pakistani start-up Bookme, an online booking platform for movies, events, and bus services, announced today that it will be starting operations in Myanmar. The start-up, an alumni of Lahore-based incubator Plan9 and accelerator PlanX, is partnering with local company Lychee Ventures to bring bus and cinema ticketing services to Yangon. Bookme was valued at $4 […]

Filed Under: Latest News Tagged With: Bookme, Bookme’s CEO, Faizan Aslam, foreign businesses, JCGV cinemas, Lychee Ventures, Mignalar Cinemas, Pakistani, PlanX, ticketing services

Novoair starts flight to Yangon

December 3, 2015 by Thiha

Novoair yesterday started an international flight to Yangon in Myanmar. The airline will run three weekly flights between Dhaka and Yangon on Sundays, Tuesdays and Fridays with Embraer ERJ145 aircraft, the carrier said in a statement. The airline will charge Tk 22,222 for a two-way ticket, according to the statement. Novoair is also offering a […]

Filed Under: Latest News Tagged With: banking, domestic routes, Energy, ERJ145 aircraft, foreign businesses, foreign investment, gas, infrastructure, international flight, international routes, Khurshed Alam Chowdhury, mineral, Mofizur Rahman, Novoair, oil, telecom, tourism sectors, travel package

Printers call for access to finance

October 21, 2015 by Thiha

Cash-starved printers are calling for government support in their efforts to expand their business in what could be profitable times. The chief complaint in the printing world is that they cannot borrow money from banks amid increasing competition from foreign businesses. Fujiyama Press spokesperson U Than Myint said his company lacked large presses, but could […]

Filed Under: Latest News Tagged With: Advanced technology, foreign businesses, HIV campaign, kfc, McDonald, Myanmar Publishers and Booksellers Association, printing, Southeast Asian Games, U Kyaw Min Swe, U Myo Aung, U Than Myint, Western companies

Foreigners May Soon be Able to Trade Goods in Myanmar

September 30, 2015 by Thiha

There are plans to allow foreign investors to trade goods inside Myanmar, a sector currently under heavy restrictions, said Dr Maung Aung, permanent secretary of the Ministry of Commerce, but he conceded that the exact time when this will come into effect has not been determined. Foreigners are allowed to sell finished products out of […]

Filed Under: Latest News Tagged With: DICA, Dr Maung Aung, export licence, foreign businesses, Ministry of Commerce, Myanmar’s trade sector, Special Economic Zones (SEZ), U Kyaw Win Tun

Yangon office rents fall by 20 per cent

August 31, 2015 by Thiha

Office rents in Yangon have begun to fall for the first time in four years as foreign firms adopt a wait-and-see attitude ahead of the election, according to a research company. New Crossroad Asia (NCRA) quoted Robin Aung Soe Naing, manager of Pronto Services, as saying that in early 2015 office rents fell by 20 […]

Filed Under: Latest News Tagged With: ASEAN economic community, foreign businesses, manager of Pronto Services, managing director of Colliers International Myanmar, New Crossroad Asia (NCRA), Robin Aung Soe Naing, Tony Picon, Unicef, Union of Myanmar Federation of Chamber of Commerce and Industry

Serviced Apartment Market in Yangon 3Q, 2014

December 17, 2014 by thiha

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Serviced Apartment Market 3Q 2014 Chronic future undersupply as expats swell As at the end of 3Q 2014, the total supply stock of serviced apartments in Yangon improved by 2% quarter-on-quarter following […]

Filed Under: Latest News Tagged With: 3Q 2014, Accelerating success, average rental rate, Colliers International Myanmar, foreign businesses, insufficient, occupancy rates, property research report, Report, Research & Forecast Report, residence, Serviced Apartment Market, stock, supply pipeline, Yangon

New industrial zone planned for eastern edge of Yangon

August 11, 2014 by thiha

The planned Kyisu Industrial Zone will be built to international standards on a 125-acre zone on the eastern outskirts of Yangon for both local and foreign businesses, the vice president of the Yangon regional government said. A proposal for the project was presented to Vice-president Nyan Htun at the forum on industrial zones held earlier […]

Filed Under: Latest News Tagged With: Dagon Myothit Township, foreign businesses, Kyisu Industrial Zone, Nyan Htun, sewage systems, Yangon

Government grants land concessions for local hotel projects

July 27, 2013 by thiha

Myanmar Investment Commission has granted land concessions to two local companies to invest in hotel businesses in Mandalay Region – including the historic Bagan site – in the latest move to encourage local enterprises to invest in the hotel and tourism sector. Win & Win Company was granted concession for 17 acres in Amarapura Township […]