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 […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Shan businesses press for Mandalay-Muse route revamp

THE business community in northern Shan State urged the government to take measures concerning trade promotion and economic development, which includes upgrading the Mandalay-Muse highway, at a meeting with Vice President U Myint Swe. The Mandalay-Muse highway is the main route for the country’s border trade, according to the Hong Kong Trade Development Council. A […]

Top End Minerals closing in on zinc acquisition

Top End Minerals (ASX:TND) has successfully completed its technical due diligence on the Lashio zinc refinery in Myanmar. In late November 2016, Top End acquired the option to purchase a 60% interest in the Longh Keng zinc mine and Lashio zinc refinery in Myanmar for US$43 million. Corporate due diligence and financial due diligence is […]

Mandalay’s Chanmyashwepyi Bus Terminal to be upgraded

MANDALAY City Development Committee plans to improve the Chanmyashwepyi (Kywesekan) Bus Terminal located about 10 km (8 miles) central Mandalay, before the end of this year. The M-development Corporation Myanmar will improve the 14.2-acre bus terminal through the Build, Operate and Transfer (BOT) system. The project will start after an agreement is signed between the […]

Air KBZ to Operate International Flights to Chiang Mai

Air KBZ plans to launch its first international route on 2 December, when it will begin thrice-weekly flights from Yangon to Chiang Mai, Thailand, said Assistant General Manager Daw Aye Mra Thar. The Myanmar airline planned to begin the new flight in November, but could not do so because of negotiations with Thailand authorities. A […]

Mandalay-Muse highway to be upgraded to four-lane asphalt road

The Oriental Highway Company will upgrade the existing Mandalay-Muse two-lane highway to a four-lane asphalt road with a US$ 300 million investment. State-run daily newspapers reported on 1 February that the 283-mile long Mandalay-Muse highway will be upgraded at a cost of US$ 1.2 million per mile. The Ministry of Construction gave the contract to […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]

War freezes Kokang econ zone

The Kokang economic zone, located at the epicentre of the heavy fighting that broke out in February near the Chinese border, is undamaged but unlikely to come into operation any time soon, local officials said yesterday. U Kyaw Swe, the secretary of the Kokang self-administered region, told The Myanmar Times that access to the zone […]

Thanakha: Scent of a nation

Since ancient times, Myanmar people have been rubbing thanakha paste on their faces as an effective shield against the sun’s harmful rays. The yellow facial cream produced from ground thanakha bark is a much-touted beauty secret deeply ingrained in the Myanmar culture. Men also wear it quite unconsciously. Thanakha trees can be found in places […]