FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]
Want to Buy North Korean Hotels and Airlines? Look to Myanmar
May 28, 2018 by
As the world waits to see if U.S. President Donald Trump and North Korea leader Kim Jong-Un actually meet, investors hoping to profit from peace on the Korean peninsula could learn lessons from Myanmar. The Southeast Asian nation became a significant drawcard for foreign investors when it began reforming its economy in 2011 after decades […]
Myanmar Says U.S. Sanctions Against General Based on ‘Unreliable Accusations’
January 1, 2018 by
(Reuters) – Myanmar “feels sad” over a U.S. decision to sanction a military general, a government spokesman said, after Washington linked the commander last week to abuses against the Rohingya Muslim minority. “This targeted sanction is based on unreliable accusations without evidence, as we have repeatedly said, so we feel sad for that,” Zaw Htay, […]
Geraldine Samson named Montgomery Fitch + Yangon head
October 3, 2017 by
Montgomery Fitch COO Geraldine Samson was recently appointed Regional Director for the global creative agency’s upcoming foray into the Myanmar market. The agency is aiming to bring its diverse portfolio of communications and technology services into a burgeoning and rapidly emerging market with a World Bank- projected 7.1% growth rate over the next three years. […]
Myanmar’s Infrastructure Deficit Outpaces the World
August 22, 2017 by
SYDNEY — A wide-ranging assessment of Myanmar’s infrastructure deficit and its ability to start closing the gap has found that the country is likely to meet only half of those investment needs by 2040, dampening hopes that it can lift the estimated 54 million population out of poverty by then. Of the 50 nations surveyed […]
Myanmar’s New Struggle: Keeping Foreign Investors Happy
March 21, 2017 by
A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]
Bakers appoints new MP in Yangon
June 28, 2016 by
Baker & McKenzie has relocated partner Jo Daniels from Brisbane to Myanmar and named her managing partner of its Yangon office. Daniels succeeds Chris Hughes, who left the firm in August 2015 to launch Berwin Leighton Paisner’s office in Yangon. At that time, Baker & McKenzie brought back John Hancock, its former Asia-Pacific chairman, as […]
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