Mandalay taps British expertise for higher education

MANDALAY, Myanmar’s second largest city, is expected to become the country’s northern economic hub over the next two years. Yet, skills and talent in the city still lags behind Yangon and many cities in ASEAN. The brain drain and skills shortage are dragging its economic growth. But Ko Ye Tun Min, founder of the Mandalay […]

DCA deploys budget, invites tenders to jazz up airports, aviation

High costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]

Inside myanmar’s incendiary and illegal charcoal trade

A year-long investigation into the multi-million-dollar charcoal market and how it moves from the villages of Myanmar into Chinese smelters. A trader turns off his truck’s engine at yet another checkpoint and, again, the soldiers ask him for cash. His truck is filled with charcoal from Myanmar, destined for factories in China’s mountainous southwest province […]

Mandalay Company to Get at Least 1000 More Three-Wheelers

The number of Mini Oway three-wheelers, introduced by Oway Taxi Service Co. in Mandalay will increase to 1000 within three months, said U Kyaw Min Swe, senior director and head of Oway Ride. The local taxi company started with 30 three-wheelers in Mandalay on the last week of October. “During this week, we place our […]

Mandalay modernises chamber in bid to draw investments

THE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise its […]

French chamber opens branch in Mandalay

The French chamber will launch its Mandalay business centre in early November to serve European, French and Myanmar businesses eager to expand into the country’s second largest city. CCI France Myanmar Business Centre will be located in Unit 5, Block 2 of the Mingalar Mandalay Compound. Situated beside the old Chanmyathazi airport and across the […]

The wily ways of a Myanmar-China border town

One of many towns of the Myanmar-China border, Bhamo, Myanmar has long been a hub for illegal trade with China, including illegally logged charcoal currently sold. Most of the charcoal is bound overland for brisk business with China, yet Bhamo still finds itself without enough money coming in. Bhamo has a long history of diversifying […]

Yoma Strategic profits from equipment sales, KFC expansion in Myanmar

On October 27, Yoma Strategic, an affiliate of First Myanmar Investments Company (FMI), which is listed on the Yangon Stock Exchange (YSX), announced a strong set of financial results for the period ended September 30. The company announced revenues amounting to S$59 million for the six months to September 30, 2017, representing an increase of […]

Burning down the house: Myanmar’s destructive charcoal trade

A nearly year-long investigation by Mongabay led to a multi-part reporting project into the illegal production and trade of charcoal in Myanmar. One route for charcoal sales from Myanmar to China documented by Mongabay could generate as much as $10 million a year in payoffs alone to Burmese government officials. The cheap energy source is […]

Government settles gold debts by private miners

The outstanding gold debt owed by private gold mining firms to the government as at September 30, 2017 is 14,121.32 ticals, U Ohn Win, Union Minister for National Resources and Environmental Conservation reported at the Pyithu Hluttaw held on October 19. In Myanmar, 1 tical is equivalent to 16.34 grams. Those debts are to be […]