As China slows, can Myanmar benefit?

THE news out of China is about a “new normal” of slower economic growth – down to about 7 percent. But at the recently concluded 2015 Asia-Pacific Council of American Chambers of Commerce (APCAC) held in Singapore, the focus was on the growth potential of the 10 nations comprising the Association of the Southeast Asian […]

US commerce head touts stronger ties

US secretary of Commerce Penny Pritzker oversaw the opening of a commercial services office in Yangon on June 6 as the US looks to strengthen economic ties with Myanmar after decades of severely limited engagement hampered by strict sanctions. The commercial services office will operate out of the US Embassy in Yangon and will serve […]

Myanma Airways to Lease 10 Boeing Jets With Expansion in Mind

YANGON — Myanmar’s national flag carrier Myanma Airways has inked a deal with General Electric Capital Aviation Services (GECAS) to lease 10 commercial aircraft, and has enlisted GECAS’s AviaSolutions consulting arm to create and implement a strategic growth plan for the airline. The subsidiary of the US conglomerate General Electric signed a contract with Myanmar […]