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Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Mandalay Chases Dream of Becoming Myanmar’s First Smart City

YANGON — With ambitions of becoming a genuine smart city, Mandalay — the country’s last royal capital at more than 160 years old — is in the midst of a high-tech makeover at the government’s behest thanks to an eclectic team of doctors, engineers, lawyers, writers, journalists and IT experts. After a year of work […]

Online shopping picks up momentum in Myanmar

Shop.com.mm, the Myanmar arm of China’s largest e-commerce company Alibaba Group, generated sales of over US$90,000 (K143 million)in the first hour of its first-ever Singles Day online sale on November 11. The occasion, also known as 11.11, is the biggest shopping event in China. Shop which is the largest online shopping platform in Myanmar, received […]

VPower’s Myingyan plant to start operation next year

Hong Kong-listed VPower Group inked a deal with the government to operate a rental power project in Mandalay Region. The company signed a power purchase agreement with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise to run a 90MW gas engine power plant in Myingyan for five years. The company said it plans […]

Tiddim takes steps to farm silkworms

A two-day course on sericulture, which includes training on cultivation of mulberry, rearing silkworms, and production of silk, began yesterday at the office of the General Administration Department in Tiddim Town. The course is being conducted under the supervision of Chin State’s Directorate of Industrial Supervision and Inspection. The course has been organized with the […]

Sichuan Airlines arrives in Yangon

Sichaun Airlines launched its first flight to Yangon (RGN) on 13 November, the day in which it started services from Xi’an (XIY). The 2,317-kilometre connection will be flown three times weekly using A320s, with the route facing no direct competition. Jose Angeja, COO, Yangon Airport said: “Sichuan Airlines connects Yangon, the commercial capital of Myanmar, […]

Minbu solar power project commences in time for summer 2019

A 170MW solar power plant in Minbu Township, Magwe Region, will start producing electricity in time for summer next year, said U Lin Naing Oo, business development department general manager of GEP (Myanmar) Co Ltd. The Thailand-based company is investing US$297 million in the solar project, which is Myanmar’s first. Electricity generated from the plant […]

Yangon CM says region economy run by over 30,000 MSME businessmen

Yangon Region Chief Minister Phyo Min Thein said that there were over 30,000 businesses of Micro, Small, Medium Enterprises (MSMEs) registered as business entities in the Yangon Region and they run the region’s economy. “We compiled the list of these businesses by using digital technology. Over 30,000 businesses are registered in the region and our […]

Mandalay’s challenging road to becoming a smart city

At the 32nd ASEAN Summit in Singapore in April, Singaporean Prime Minister Lee Hsien Loong called for an ASEAN Smart Cities Network to assist smart and sustainable development in 26 cities in ASEAN. Earlier this month, a list of the 10 most promising cities among the 26 was highlighted by Cristina Lago, online editor of […]

Myanmar’s first dry port opens for business

KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two separate dry port projects in Ywar Thar Gyi, Yangon yesterday. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains will run from Ywar Thargyi to a second dry port in Myit Nge, Mandalay, which KM […]