Rice prices jump in India; Bangladesh eyes import deal with Myanmar

BENGALURU (Reuters) – Rice prices in top exporter India rebounded this week, boosted by steady demand from Bangladesh which has been actively exploring fresh import deals with its neighbors and is looking to wrap up a major purchase from Myanmar. A Bangladeshi government delegation is in Myanmar to finalize a state-to-state deal, government officials said […]

Vietjet to commence Hanoi – Yangon route

Kuala Lumpur – Vietjet recently launched its newest international route connecting Hanoi (Vietnam) with Yangon (Myanmar). The ceremony was witnessed by Mr. Pham Binh Minh– Politburo Member, Deputy Prime Minister and Minister of Foreign Affairs of Vietnam and high-ranking dignitaries from Vietnam and Myanmar. The launch of the new route is timed perfectly to complement […]

Emirates Boosts Cargo Capacity in Indo-China

UAE-based Emirates Airlines inaugurated a daily passenger flight on Saturday connecting Phnom Penh to Dubai, with a stopover in Yangon, Myanmar. The Post’s Kali Kotoski sat down with Ravishankar Mirle, Emirates vice president of commercial cargo for the Far East and Australasia, to discuss the freight component of its new route. Emirates Airlines was already running a cargo service […]

Split visions of Dawei’s future as Thailand, Myanmar restart special economic zone project

The governments of Thailand and Myanmar are set to restart the development of the Dawei deep-sea port and special economic zone, after both countries set up a joint coordinating committee to work out investment details of the project. In 2008, both countries signed a memorandum of understanding to develop a massive land area of 200 […]

Vietjet connects Hanoi with Yangon

Ho Chi Minh City – Riding the wave of the booming travel market in Vietnam, Vietjet announced the addition of a new international route connecting Hanoi to Yangon (Myanmar). The new route is set to take off on 31 August 2017 with the aim of meeting the increasing travel demand of individuals, tourists and corporate […]

Vietnamese Joint Venture to Offer Microfinancing in Myanmar

HO CHI MINH CITY — Vietnam’s Dragon Capital Group and Myanmar’s Ruby Hill Financial on Wednesday signed a deal to set up a joint venture that will provide loan products and services to the burgeoning workforce driving Myanmar’s rapid economic development. Ruby Hill will hold a 51% stake in Yangon-based Ruby Hill Microfinance, while the […]

Vietnam’s Stock Market is Set to Boom – That’s Good News For Yangon’s Bourse

​​ A few weeks ago I had the chance to spend some time exploring the Vietnamese city of Saigon – or more precisely, District 1 of Ho Chi Minh City (HCMC). Without doubt the place is the hottest ticket in town for investors targeting the Mekong region. And it is easy to understand why. This […]

Growing Economy Brings Rise in Fuel Oil Shipping from Singapore

​​ SINGAPORE — Burma’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging Southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers […]

New airline routes begin to crowd Myanmar’s sky

YANGON — Asian airlines are looking to expand to Myanmar, eyeing not just business passengers but also the rising middle class there, who are beginning to travel for pleasure. Budget carrier HK Express on Sept. 1 kicked off a direct Hong Kong-to-Yangon route that flies four times a week. Other carriers, such as Myanmar National Airlines, already provide such […]

Japan’s MHM merges with Thai firm in first tie-up of its kind

Mori Hamada & Matsumoto (MHM), one of Japan’s largest law firms, has acquired leading firm Chandler & Thong-ek (C&T) in Thailand as part of a push into South East Asia. The acquisition comes just over a year after the Japanese firm opened its third ASEAN office in Bangkok. The office is located in the same building […]