Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]

Lotte Hotel Yangon to be open on commissioned operation by Lotte resorts affiliate

Lotte Hotel Yangon, to be operated on commission by Lotte Hotel & Resorts, will open later this week as the company’s eighth overseas chain, officials said Sunday. South Korean retail giant Lotte will manage the new hotel for 20 years in contract with Daewoo Amara, in what will be the first five-star accommodation facility it […]

Softline and Microsoft Target Local Banks With Launch of Cloud Services

​​ Moscow- based global IT solu­tions and service provider, Softline, is look­ing to sell its cloud secu­rity services to customers in Myanmar’s emerging financial sector, one of the company’s executives told an audience at its Yangon product launch. Softline will be team­ing up with long-time partners US software gi­ant Microsoft to provide ICT and cloud […]

Russia and Myanmar to establish working body for nuclear technology

Russia and Myanmar will establish a working body this year for using nuclear technology, Russian officials said at an exhibition and forum in Moscow last week. The two countries signed a memorandum of understanding to cooperate in nuclear technology for peaceful purposes in June 2015. This was the first step to building a legal foundation […]

Grand Andaman wins monopoly on Tanintharyi birds’ nests

Grand Andaman Islands Company has taken over the right to harvest birds’ nests on four groups of islands in Tanintharyi Region that were put out to tender, after the Union of Myanmar Economic Holdings failed to make a cash payment for one of the bids. UMEHL had won the right to produce and harvest swiftlet […]

Myanmar crowns Miss Universe candidate

With a whiff of controversy and not a bikini in sight, a US-educated business graduate was selected as the first Miss Universe contestant to represent Myanmar in more than 50 years. Moe Set Wine will take her place on stage at the global beauty pageant in Moscow next month, reflecting dramatic political and social changes […]