Myanmar Has a Key Role to Play in ‘Club Asia’ as Tourism in the Region Booms

​​ Many moons ago Singapore’s then prime minister tried to encourage the government to develop Myanmar’s tourism sector, writes Lars Henriksson. He’s finally getting his wish. In the book General Ne Win: A Political Biog­raphy academic Robert H. Taylor writes that “on 16 January 1986, Singa­pore Prime Minister Lee Kuan Yew visited Ne Win at his home […]

Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

ANA Invests in Myanmar Airline Venture Planning International Debut in 2018

​​ ANA Holdings Inc. has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49 percent stake and a local company holds the remainder, Shinya Katanozaka, CEO of Japan’s largest airline, said in […]

ANA Plans to Start Flights From Myanmar

​​ TOKYO – ANA Holdings Inc has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49% stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan’s largest […]

Japanese Company Readies Nursing-Care Expansion Into Myanmar

​​ TOKYO — Japan’s Gakken Holdings will begin operating nursing-care facilities in Myanmar, continuing the company’s expansion into Asian markets where demand is expected to grow as the population ages. Subsidiary Gakken Cocofump, which handles the education company’s nursing operations, will open an adult day-care center in April run by local joint venture Gakken Ace Education. The […]

Kirin Jumps Headlong Into Myanmar Beer Market

TOKYO — With beer consumption shrinking in China and other major markets, Southeast Asia has become a key growth target for the beer industry. In 2015, Japan’s Kirin Holdings seized the chance to acquire Myanmar Brewery, which holds an 80% share of the country’s market. Hajime Kobayashi, deputy director of the brewer’s corporate strategy, recently told The Nikkei about the […]

Mizuho to Partner With Myanmar Conglomerate

TOKYO — Mizuho Bank will team up with a major conglomerate in Myanmar with an eye toward further helping Japanese companies make inroads there. Max Myanmar Holdings is involved in a wide range of industries, with particular strengths in construction, energy and agriculture. Myanmar’s government has placed an emphasis on these sectors in the interest […]

Myanmar Business Leaders Bullish on Future Under Suu Kyi-

TOKYO — Business leaders in Myanmar are confident in the country’s future under the National League for Democracy government headed by de facto leader Aung San Suu Kyi, although they say improvements in infrastructure and the banking sector are needed to assure growth. Speaking at a Myanmar economic forum sponsored by Nikkei Inc. in Tokyo on […]

Mitsubishi Consortium to Build Yangon Complex

TOKYO — A Japanese consortium that includes developer Mitsubishi Estate and trading company Mitsubishi Corp. will build a commercial complex in Yangon in partnership with local developers. The project, in a country often referred to as Asia’s last frontier, includes two office buildings, condominiums and a hotel and services unit on a 4-hectare site in […]

Create Jobs in Myanmar, Suu Kyi Tells Japan Inc.

TOKYO — Myanmar’s Aung San Suu Kyi urged Japanese business leaders Friday to invest in the Southeast Asian nation in ways that will create jobs. Myanmar’s youth have few employment opportunities, making economic growth difficult, the state counselor said during a meeting in Tokyo with officials from groups such as the Japan Chamber of Commerce […]