YHI unit in joint venture with Myanmar firm to market car and industrial products

MAINBOARD-LISTED YHI International, through its wholly owned subsidiary YHI Corporation (Singapore), has entered into a joint venture agreement with Aung San Company, a private firm in Myanmar dealing with the import of car products such as wheels, tyres, accessories, spare parts and general merchandise. Called YHI Aung (Myanmar) Company Limited, the new joint venture company […]

ASEAN’s largest packaging firm to start Thilawa operations next year

Kian Joo Group, the largest packaging business in ASEAN, is investing in a packaging plant in the Thilawa Special Economic Zone (SEZ). Construction of the plant is expected to be complete by the first quarter of next year. Malaysia-based Kian Joo is one of the biggest can manufacturers within ASEAN, manufacturing a wide range of […]

Myanmar eyes China’s trade plan for much-needed infrastructure, as crisis in Rakhine goes on

Minister for Construction U Win Khaing told the Asean and Asia Forum in Singapore on Thursday that his country needed to improve its infrastructure quickly to cope with the mass internal migration to its cities. The government had been in contact with various potential partners, including China and Japan, promoting Myanmar as a hub to […]

SilkAir launches multi-city flights in Myanmar

SilkAir will launch its ‘stopover flights’ connecting Singapore-Yangon-Mandalay and return to the island state with a single ticket starting October 31. “The Myanmar government will give SilkAir permit for the stop-over ride. Businessmen and tourists can enjoy the convenience of flying from Singapore and drop off in Yangon to do their business or sightseeing for […]

Expanding trade with India

INDIA has formed a Myanmar chamber of commerce in Yangon to boost trade and forge closer economic ties with the country. The move follows Indian Prime Minister Narendra Modi’s visit here on September 5-7 and also comes after India imposed import restrictions on Myanmar’s pulses and beans last month. Currently, trade between the two countries […]

Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

U Thein Tun picks Bagan as first hotel destination

MYANMAR businessman U Thein Tun extended his hospitality business portfolio to Bagan on September 21. The new hotel under the brand Bagan Star already has 81 rooms up and running. (U Thein Tun also owns Myanmar Consolidated Media, which publishes The Myanmar Times.) “Bagan is very attractive, with a great potential for the tourism industry […]

Caravans to carry tours and footfalls into Myanmar

To raise its own visitor numbers, Myanmar is working with operators and organisations in neighbouring countries on improving cross-border tourism in the region. One of its efforts is the development of caravan tours that run from India via Myanmar and Thailand to Singapore, revealed Khin San Aye, executive committee member of the Union of Myanmar […]