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New Toyota Innova model hits Myanmar market

Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]

Colliers Property Report : Yangon Office 3Q2018

Summary & Recommendations Given the absence of new project completions, the citywide occupancy rate further inched up as at the end of Q3 2018. Meanwhile, the net absorption rate at the end of the quarter is only half the amount recorded from the same period last year. Looking ahead, we expect office demand to increase […]

EU green lights aquaculture imports from Myanmar

The EU has approved the import of aquaculture products from Myanmar, in a move that has been welcomed by aquaculture producers in the Southeast Asian country. “It’s a great accomplishment for the EU projects/people that have been working hard for the past years to make this happen,” said Jonah van Beijnen, an aquaculture expert closely […]

Myanmar’s business community must tap cluster potential to compete on global scale

“There are clusters formed by firms in similar sectors. In the Mandalay Region, the Directorate of Industrial Supervision and Inspection formed industrial clusters since 2014 and there are now 111 groups in 15 industrial clusters.” “But the business community in Myanmar is not very interested in this potential,” he said. “Businessmen here prefer to work […]

Marine cargo insurance available

The Myanmar Insurance Business Supervisory Board has announced that it will allow private companies to offer marine cargo insurance. Dr Maung Maung Thein, chairman of the board, said: “Now private insurance companies have got experience we will allow them to deliver new insurance services.” Since its inception, the board has allowed six types of insurance: […]

Slow liftoff for helicopter association as market grows

The Myanmar Helicopter Association was launched last week at the Heliops Myanmar Conference and Exhibition in Yangon, with a view to developing helicopter operations across the country. The newly formed association will be led by U Tin Aye, who aims to take on negotiatons between international companies and the Myanmar government to facilitate development of […]