Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (CB Insurance), First National Insurance, Grand Guardian Insurance and Capital Life Insurance will form joint ventures with foreign insurers, said U Thaung Han, managing director of CB Insurance and […]
Water bus to run in Ngamoeyeik creep: Yangon Chief
April 29, 2019 by
The region government is planning to run water bus in Ngamoeyeik creep for the convenience of water transport, said Yangon Region Chief Minister Phyo Min Thein during an interview with Myanma Ahlin newspaper. If the water transport is used, it can reduce the traffic jam in Yangon and transaction can be made through water transport, […]
Germany’s METRO AG starts operations in Myanmar
March 19, 2019 by
Germany’s wholesale company Metro AG, kicked-off its operations in Myanmar over the weekend. The company will serve its customers in the fast-growing hospitality and tourism sectors from its modern warehouse in Yangon through its state-of-the-art digital ordering and delivery services. “The food wholesale industry in Myanmar offers big potential for Metro and we believe our […]
Vietnamese firm makes steel products in Thilawa
February 18, 2019 by
With Myanmar rapidly opening up to development, steel is becoming increasingly important to various industries in the country. Steel structures can be seen springing up across Yangon. As such, a Vietnamese steel importer is operating a manufacturing unit in Myanmar. Despite being one of the essential materials for construction, Myanmar relies heavily on imports rather […]
Myanmar’s first dry port opens for business
November 16, 2018 by
KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two separate dry port projects in Ywar Thar Gyi, Yangon yesterday. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains will run from Ywar Thargyi to a second dry port in Myit Nge, Mandalay, which KM […]
Construction of new multi-purpose port in Yangon proposed in parliament
June 18, 2018 by
A proposal to construct a multi-purpose port in Kawhmu township, southwestern Yangon, was submitted to the Yangon Regional Parliament by U Zaw Aye Maung, Rakhine ethnic minister last week. “Yangon is the gateway to trade and handles up to 95 percent of the country’s imports and exports. The current port capacity in Yangon and Thilawa […]
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