Unable to break protectionist curse, FMI bites the dust

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

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’

(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

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

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 […]

No green light yet for Yangon’s water bus operations

The water bus system was to service the routes along the Hlaing River, the Nga Moe Yeik Creek and the river near Thanlyin Township, according Ko Tun Nai Lin of the Tint Tint Myanmar company which won the tender to operate the system. “At present, we already constructed the jetties. But we are waiting for […]

Water Transport to Begin Operation in Early June

Water vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar. The Yangon regional government had promised to implement a water taxi system on the Hlaing River and Nga Moe Yeik Creek. Tint Tint Myanmar won the […]

Myanmar’s New Struggle: Keeping Foreign Investors Happy

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

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 […]

Myanmar the new source for tin for China market

An export curb by tin smelters in Indonesia, the world’s biggest supplier, will fail to sustain a price rally as mined output continues rising, according to Australia’s largest miner of the metal. Unregulated mining from small, independent producers in Indonesia and Myanmar will keep pressuring refined metal prices in 2015, Peter Cook, chief executive officer […]