M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Henkel Thailand expands footprint in consumer sectors

Building on 45 years of success in Thailand, Henkel continues to expand its presence in the adhesives and hair businesses and is aiming for greater growth, especially in the consumer sectors. Thailand has a large consumer market and a growing middle class, which are fueling the growth of various markets, such as automotive, beauty, electronics, […]

MIC issues 13 new business permits in August, including one for beer

The Myanmar Investment Commission (MIC) has approved the issuance of 13 permits, including one for a beer joint venture in Mandalay. Eight foreign businesses and 5 Myanmar citizen businesses were approved at a recent 12/2017 meeting, according to Deputy Director General of Directorate of Investment and Company Administration (DICA) U Than Aung Kyaw. This includes […]

Mandalay Brewery’s JV with Kirin approved as market heats up

THE Myanmar Investment Commission (MIC) has approved a proposal by Mandalay Brewery, which is a subsidiary of Myanma Economic Holding Limited (MEHL), to operate a joint venture (JV) with Japanese brewer Kirin Holdings. Under the JV, US$9 million will be invested to upgrade the quality of machinery and beer at Mandalay Brewery, said U Hla […]

Rental market in South Okkalapa Township booming

The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents. Compared to other townships, South Okkalapa has fewer residences and is typically an orderly and quiet township. As such, many people are now moving here, said U Yan Aung, […]

Yangon to Mandalay Railway Back on Track

The railway linking Yangon to Manda­lay has been slat­ed to receive a series of large-scale, overdue reno­vations. With a loan from the Japan International Co­operation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Rail­ways, told the Myanmar […]

Transport Experts Encourage Myanmar to Adopt PPP model

AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on Developing Transportation Infrastructure” […]

Myanmar’s Garment Industry Holds Unique Opportunity

Just as I return from visiting garment factories in Myanmar, a stream of press attention focuses on challenges facing this area. Although there are challenges, my trip has only made me believe in the unique opportunity this country represents to change the future of how our clothing is made. Amidst the media headlines there lies […]

Y&R Yangon strengthens senior management as expansion in Southeast Asia continues

Y&R Yangon has made three senior appointments as part of the network’s continued expansion in Southeast Asia. Mohit Pise takes on the role of general manager and Milla Chaplin that of strategic planning director, while Khin Myat Thu has been promoted from general manager to chairwoman. The new team will focus on Y&R Yangon’s existing […]

YESC aims to ensure 1,400 megawatts of power supply next year

THE Yangon Electricity Supply Corporation is planning to increase power supply to 1,400 megawatts next year, said YESC General Manager U Thant Zin at a press conference in Nay Pyi Taw yesterday. The General Manager added that efforts are being made to ensure that there are no power outages next summer. “Taking lessons from this […]