Sinotruk CDW’s Fire Trucks Exported to Myanmar Pass the Final Inspection

On September, 22, 2017, Myanmar government procurement agent paid a visit to Sinotruk Chengdu Wangpai Commercial Vehicle Co.,Ltd (Hereafter referred to as CDW) and made the final inspection to 3 sample fire trucks. Under the agent’s recommendation, more than 10 CDW truck has been exported to Myanmar since their formal cooperation in early 2017. The […]

Yangon Stock Exchange looks for Belt and Road boost

The Yangon Stock Exchange, launched in December 2015, expects to enjoy indirect benefits from China’s Belt and Road Initiative as more Sino-Myanmar joint ventures are set up and demand for capital increases. “China is a major economic and trade partner with Myanmar. Myanmar’s enterprises need to grow together with their Chinese counterparts,” said Thet Htun […]

Uber Offers Solution to Yangon Traffic

Uber Myanmar re­cently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interview­ing over 4,700 riders and drivers, the report con­cludes that ride-sharing, or the use of private cars for the public good, es­sentially, the […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

Htaukkyant factory to assemble Daewoo buses

Mini-buses will be assembled by the Myanmar Trade Center Co., Ltd. at Htaukkyant factory in cooperation with Daewoo Bus Corporation, said Dr Kyaw Kyaw Aung, the managing director of Myanmar Trade Center Co., Ltd., according to a newspaper report in Myawady Daily. Myanmar Trade Center Co., Ltd. operates the Htaukkyant factory under a long-term lease […]

Collier Property Report – Yangon Gated Residential July 2017

Author: Joshua DeLasAlas Households in search of more breathable space There remains a limited number of gated residential communities in Yangon, the majority of which are geared towards the high-end and luxury segments. While some local developers are starting to introduce mid-tier and affordable products, the quality and offerings are considered subpar. In view of […]

Multi-purpose container barge service starts

The Ministry of Transport and Communications has started the Inland Water Transport (IWT), a multi-purpose container barge service to transport goods along the Ayeyarwady River and containers in the Yangon River. The service was started to reduce transportation costs and relieve congestion on the road. Ten trips with 40 containers per trip were transported by […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

New Steel Factory to Produce Up to 60,000 Tons a Year

​​ A new steel factory owned by a Myan­mar company has opened in Yangon after two years under construc­tion. The Mindama Steel Structure Co, Ltd , a sub­sidiary of Mottama Hold­ings Ltd, says the plant will produce between 36,000 and 60,000 tons per year. The factory will sup­ply local companies as demand for construction materials […]

Seven foreign and local enterprises permitted to invest US$1,435.808 million

Seven foreign and local enterprises have received permission to invest US$1,435.808million, creating 5,533 job opportunities, according to the Myanmar Investment Commission meeting held on 21st January. There were foreign investments of US$1,416.080million and Myanmar Citizen investments of US$19.728million. The foreign investments were from China, Singapore, South Korea, Viet Nam and Samoa, it is learnt. The […]