Myanmar’s Manufacturing PMI Shows Strongest Manufacturing Growth in Eight Months

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, improved to 51.7 in January from 51.1 in December. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The January reading was the highest since May 2017. “The latest upturn was supported by a strong expansion in new […]

Yangon developer looks to cash in on loop line improvements

YANGON — The Japanese trains trundling along the line that loops around Myanmar’s commercial capital, Yangon, are a throwback to an earlier era and a far cry from the modern carriages that whiz through Tokyo. But improvements to the Yangon Circular Railway are likely to speed things up a bit, starting this year, and they […]

Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023

Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]

ANA Seeking Myanmar Venture After Two Failed Attempts Since 2014

ANA Holdings Inc. is attempting to set up a venture in Myanmar for the third time after previous efforts collapsed, as Japan’s largest carrier seeks to capture demand in one of Asia’s fastest-growing economies. “We’re going to find a new partner again,” Shinya Katanozaka, chief executive officer of ANA Holdings, said in an interview in Tokyo Thursday. […]

Bouygues, Kajima, Taisei win $1.1bn of Work in Myanmar

While international attention is focussed on the plight of more than 800,000 Rohingya Muslims forced from their homes in Myanmar’s Northern Rakhine state and sheltering in refugee camps in Bangladesh, the increase in foreign investment into Myanmar continues, leading to a rush to build modern office complexes in Yangon, the country’s commercial capital. Today it […]

AYA Bank, MPU, JCB Introduce First Corporate Credit Card in Myanmar

Yangon and Tokyo, Nov 14, 2017 – (ACN Newswire) – Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate […]

Japan nursing care industry eyes foreign workers

TOKYO (The Japan News/ANN) – Moves to accept foreigners as front-line workers in the nursing care industry are likely to accelerate. The Law on Proper Technical Intern Training and Protection of Technical Intern Trainees (see below) came into force on Nov. 1, putting into place a mechanism for trainees to work at nursing care facilities. […]

Marubeni to Overhaul Power Plant in Myanmar

TOKYO — Japanese trading house Marubeni will upgrade a natural-gas-fired power plant in Myanmar, aiming to strengthen its power-related business on expectations of growing electricity demand in emerging Asia. The roughly 2.5 billion yen ($21.9 million) order will be financed with a low-interest loan from the Japan International Cooperation Agency. Wholly owned subsidiary Marubeni Power Systems will […]

Myanmar’s manufacturing PMI rises to 51.1 in October

  TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, rose to 51.1 in October from 49.4 in September. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “October survey data signalled the first improvement in manufacturing operating conditions since May. The return to growth was supported […]

License snub prompts ANA to ditch Asian Blue Myanmar airline venture

YANGON – Japan’s ANA Holdings Inc has dropped a plan to form a joint venture in Myanmar, the airline said on Monday, after its application for an air operator’s certificate (AOC) was rejected by the authorities in the Southeast Asian country. ANA established the Asian Blue joint venture last year with local investor Golden Sky […]