Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Tourist Arrivals in Myanmar’s Second Largest City Up 26 Percent in 2017

Tourist arrivals in Myanmar’s second largest city of Mandalay in the north increased by about 100,000 or 26 percent correspondingly, hitting 483,784 in 2017, according to a latest statistics of the Directorate of Hotels and Tourism of Mandalay region. In 2016, 385,031 world tourists visited the last royal capital, a year-on-year rise from 2012’s 160,795. […]

Uber Doubling Down in Vietnam, Cambodia, Burma with New Leaders

RIDE-HAILING giant Uber has introduced two new members of its Asia-Pacific leadership team as it looks to enhance its service to riders and driver in Vietnam, Cambodia and Burma (Myanmar). Vietnam was one of Uber’s first countries in Asia, while Cambodia and Burma are some of Uber’s newest markets globally and the company says the […]

Sodexo , Amata eye growth in CLMV markets

SODEXO, a global leader in integrated facilities management services, plans to expand its activities in the CLMV markets (Cambodia, Laos, Myanmar, and Vietnam) through its joint venture operations with Amata Corp in Thailand. Under the partnership, Thailand will be promoted as Sodex’s ‘hub for growth’ in the region. Arnaud Bialecki, country president of Sodexo Thailand, […]

Thai SMEs encouraged to invest in Mandalay

Thailand’s small and medium-sized enterprises (SMEs) are being urged to invest in Myanmar, especially in Mandalay, a region with abundant natural resources, strong agricultural production and growing demand for Thai goods. Speaking at a seminar in Mandalay sponsored by Bangkok Post Plc and Asset Pro Management Co, Nuttaphong Visitkitchakarn, who sits on the executive committee […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

Myanmar’s First Private Pharmaceutical Factory Opens in Dagon Seikkan Township

Myanmar’s first privately owned pharmaceutical factory opened its doors in Dagon Seikkan Town­ship, Yangon on the third week of July. Located in Industrial Zone 1, Pacific Medi­cal Industries Limited’s (PMI) facility is a two-story building that in­cludes offices, a quality control area, and a mas­sive 16,630 square meter manufacturing floor. In an effort to relieve […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]