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Japan mulls resuscitating failed Hanthawaddy airport proposal

Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. The […]

ASEAN trade pact strengthens Myanmar’s ties with Australia, New Zealand

THE free trade agreement (FTA) between ASEAN, Australia and New Zealand makes Myanmar products more competitive in the two biggest markets in Australasia, according to trade commissioners from Australia and New Zealand. There is a huge potential for trade to grow in the agriculture sector, as all three countries are rich in farms and fisheries. […]

Joint Networking Event, New Zealand Thai Chamber of Commerce and Australian-Myanmar Chamber of Commerce , 14 Sep, 9am at Yadana Ballroom, Park Royal Hotel

The New Zealand Thai Chamber of Commerce and Australian-Myanmar Chamber of Commerce will host a joint networking event. To Importers, Exporters, Brokers and Freight Forwarders We would like to invite you to learn more about taking advantage of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). The agreement opens up and creates many new opportunities for […]

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 […]

YSE: $20 billion worth of Market Capitalisation by 2022

The Yangon Stock Exchange (YSX), set to open in October this year, is to see up to US$20 billion in Market Capitalisation as well as trade volume of US$10 billion per year, said Dr Aung Thura, CEO of Thura Swiss during the ASEAN- Myanmar forum held on March 23 at the Park Royal Hotel, Yangon. […]

Business hub sets up shop in Dagon

The York Center office building on Yangon’s Yaw Min Gyi Street aims to open its door this month, offering minimum six-month leases to firms looking for office space. Scipio Services has agreed to a management services agreement with the property owner, rather than developing the project through a long-term lease on Build-Operate-Transfer terms often employed […]

Thailand firms discuss investing in Myanmar’s hotel industry

YANGON—More than 20 companies from Thailand have begun discussions regarding possible cooperation in a joint venture with Myanmar’s hotel services. The discussions occurred during a meeting between the Ministry of Hotels and Tourism and Thai business people held at the Park Royal Hotel in Yangon on Saturday (March 22). During the meeting, about 100 Myanmar […]

MTN and Singapore-based MTH to build mobile towers

Myanmar Telecommunication Network (MTN) and Singapore-based Myanmar Towers Holdings (MTH) have signed MoU to construct communication towers. The agreement was signed on Tuesday at the Park Royal Hotel in Yangon and the two companies plan to establish a joint venture to construct mobile towers and wireless communication services. “We know that Myanmar has four communication […]