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New Inbound Flights Raise Prospects for Myanmar Tourism

Tourism players are hopeful that a string of new flights will boost inbound tourism to Myanmar. In recent months, a number of airlines have started operating new routes connecting China with Myanmar, with other international airlines announcing imminent flights. Chinese destinations include new routes to Hangzhou, Shanghai and Wuhan. Last month, Indian LCC IndiGo Airlines […]

First Shanghai-Yangon direct flight to open in July

Shanghai-based airlines are competing with each other to open direct flights to popular destinations in Southeast Asia to cap the rising travel demands amid the Belt and Road Initiative. Spring Airlines announced on Tuesday to open the first direct flight between Shanghai and Yangon in Myanmar from July 1. The budget carrier will operate four […]

Chinese tech firm claims digital plans for Mong La SEZ

A Shanghai blockchain company claimed it intended to set up a special economic zone in a rebel-held border area of eastern Shan State where it would issue digital currencies and IDs to the local population. Executives from Shellpay Internet Technology Co, in a Channel News Asia (CNA) broadcasting programme aired last December, said that the […]

Mongla Official Denies Chinese Firm Permitted to Set Up Autonomous Digital Economic Zone

The general secretary of the rebel-controlled Mongla Special Administrative Region on the Chinese border has denied any knowledge of a Chinese company’s plan to establish an independent political entity within its borders based on an “e-citizenship” system open to all with a digital economy supported by a cryptocurrency. In a program titled “Inside the Crypto […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

DaChan to enter Burmese market with joint venture

DaChan Great Wall Group (大成集團), a Taiwanese agriculture and food conglomerate, yesterday said it will tap into the Burmese market through a US$30 million joint venture in a bid to further cement its position in Southeast Asia. The group is to build feed mills and poultry plants in Myanmar by teaming up with the Myint […]

Gold Traders Mull Over Plans to Set up Gold Exchange

The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and industry associations have been seeking to set up an exchange market where gold and metal could be freely traded in one place. In the […]

OldTown’s China Business Model Provides Growth

Maintain buy recommendation and a fair value (FV) of RM3.20 per share: OldTown Bhd, through its wholly-owned subsidiary Shenzhen Kopitiam Asia Pacific Ltd, entered into a territorial licence agreement with Xiamen Kuaike Investment Management Co Ltd (Xiamen Kuaike) to operate in Shanghai, China. This agreement is an extension to an earlier negotiated territorial licence agreement on […]

Ruili — China’s gateway to Myanmar

The Jiegao border area is located in Ruili, a frontier city in China’s Yunnan province. Geographically, Yunnan occupies a unique position. Shortly after day break, under the cover of heavy monsoon clouds, the Jiegao border trading area — a medium-sized 2 sq. km. complex — appears desolate. In the half-light of the early hours, long-haul […]