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Myanmar Airways International seeks to expand client base in Korea

Myanmar Airways International has appointed Korea’s Meebang Air Agencies Co as its general sales agent (GSA) to facilitate collaborations with a network of trade partners in the country to offer Korean travelers affordable air travel options to and from Myanmar. As part of the largest airline group in Myanmar, which also includes Air KBZ, Myanmar […]

Myanmar, Korea to Build Industrial Facility North of Yangon

YANGON—Myanmar’s Urban and Housing Development Department (UHDD) on Thursday signed a joint venture agreement with Korea Land and Housing Corporation to establish a joint industrial complex in Hlegu, north of the commercial capital Yangon. Comprising industrial and commercial areas as well as a research-and-development facility and a training school, the Korea Myanmar Industrial Complex (KMIC) […]

Bridge project stirs property prices in Dala

Property prices in Dala Township are rising after construction of a bridge linking Dala to downtown Yangon was finally given the green light on December 24, 2018 after six years of deliberation. Expected to be completed in three and a half years, the US$138 million South Korea-Myanmar Friendship Bridge, will connect Phone Gyi Street, in […]

Koreans launch new Chamber of Commerce, targets more investments

The Myanmar Korean Chamber of Commerce and Industry (MKCCI) launched on December 22 became the latest business group to formally open its doors in the country. The organisation aims to support investments and businesses from the two countries and to boost Myanmar’s economic growth, said Tong Soo Chung, MKCCI’s chair, during the launch. There are […]

Credit bureau to be up and running within next 12 months

Myanmar will start collecting and providing credit data after a new credit bureau opens in the next 9-12 months, after which banks will be in a better position to offer loans to a larger volume of businesses, said U Zaw Lin Aung, chair of Myanmar Credit Bureau Ltd. Myanmar Credit Bureau yesterday signed an agreement […]

Myanmar tourism rolls out red carpet

The first tourists from Japan, South Korea and China to take advantage of Myanmar’s easing of visa rules enjoyed a VIP welcome at Yangon Airport Wednesday. A celebration at the airport welcomed travellers flying in from Japan and Korea, who were among the first to enjoy a visa-free privilege that was introduced on Monday. The […]

Rise in consumer spending drives City Mart’s digital transformation

THANKS TO THE significant rise in Myanmar’s consumer spending last year, City Mart Holdings Limited (CMHL), the nation’s top retailer, has embarked on virtualising its digital infrastructure in cooperation with VMware Inc, a global enterprise software provider. Arnel Redondo Reyes, head of information technology at CMHL, said at a press conference on Thursday that the […]

As industry opens up, Capstone Education finds niche in Myanmar market

Ko Thaw Zin Aung Gyi and Ko Aung Tun Lin, the founding partners of Capstone Education, a local education consultancy, saw the need to invest in Myanmar education long before authorities finally permitted full foreign capital investments in the industry on April 20. Locally schooled but having qualified to study abroad at Ivy League universities, […]

NongHyup Financial and HTOO Group to start financing service in Myanmar in July

South Korea’s NongHyup Financial Group Inc. together with Myanmar’s HTOO Group will start a financial service for farming equipment businesses in the Southeast Asian country in the second half with this year, the company said Sunday. Two parties had signed a memorandum of understanding to cooperate on setting up a financial service business for the […]

My Aura sidesteps start-up obstacles, builds beauty business

Dr Hnin Leh Khin, founder of My Aura Aesthetic Clinic, first noticed the growing number of local women with rosier lips, thicker lashes and bolder eyebrows in 2012, when make-up went mainstream in Myanmar. “That’s when I knew that beauty would be big business in this country and decided that I wanted to build my […]