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Myanmar Airways International starts flights to Hangzhou

Myanmar Airways International (MAI) has launched flights to Hangzhou, China as part of its network expansion, according to the Yangon Aerodrome Company, which operates Yangon International Airport (YIA). MAI will fly to Hangzhou from both Mandalay and Yangon. The inaugural flight between Mandalay and Hangzhou commenced on July 17 while the Yangon – Hangzhou flight […]

Sichuan Airlines launches 2nd direct flight between China, Myanmar’s Yangon

China’s Sichuan Airlines has launched a new direct flight between Hangzhou, capital of east China’s Zhejiang Province and Myanmar’s Yangon since Tuesday, a release from the Yangon Aerodrome Company, an operating company of Yangon International Airport (YIA), said on Wednesday. It became the second route of the airline between Yangon and China following the launch […]

Thrice-weekly Hangzhou-Yangon Flights launches

Yangon International Airport (YIA), Myanmar’s largest and busiest airport, announced yesterday that it has begun flying travellers directly from Hangzhou to Yangon, China, thrice a week via Sichuan Airlines. The new route, which launched yesterday, is Sichuan Airlines’ second connection between Yangon and China, following the launch of the Yangon-Xi’an route in November this year. […]

Blockchain startup Everex secures seed funding and seeks more in token sale

Singaporean fintech startup Everex has just raised US$500,000 in seed funding from Chinese industrial conglomerate Holley Group. It hopes to add a substantial sum to that figure from its token sale, which kicks off today. Everex has developed an Ethereum blockchain-based online payments suite, which comprises cash transfer and micro-lending services, as well as an […]

Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

A startup tackles Southeast Asia’s hidden esports opportunity

It may not be long before an athlete wins a gold medal at the Olympics – for playing a computer game. Competitive computer gaming, or esports, has turned from a fringe activity into a genre that’s getting millions of viewers and doling out millions of dollars in prize money. In Southeast Asia, it may be […]

Chinese factory in Myanmar ransacked by hundreds of angry workers

Hundreds of workers in Myanmar attacked a Chinese garment factory in Yangon, destroying equipment and briefly detaining seven Chinese workers on Thursday, the official China News Service reported. The attack on the factory was carried out by staff angered by the sacking of a colleague, according to a local newspaper report. The seven Chinese “captives” […]