Hantharwaddy airport priority for govt

THE planned Hantharwaddy International Airport is the only priority in the area of aviation under the National League for Democracy-led government, said U Win Khant, permanent secretary of Ministry of Transport and Communications. He made his comments in relation to the government’s Transport Master Plan during the sideline interview with The Myanmar Times at Myanmar […]

Myanmar’s First Gold Exchange Center Takes Shape in Yangon

YANGON — Myanmar will have its first official market for gold, gems and metal trading in its commercial capital Yangon this year, said U Khin Maung Han, chairman of the Myanmar Federation of Mining Association. The trade center will be built in Yangon’s Mingalardon Township near Yangon International Airport, U Khin Maung Han said. The […]

HAGL Myanmar introduces Myanmar Centre Business Suites ( Serviced Offices)

HAGL Myanmar has entered the leading serviced office market with the launch of its Myanmar Centre Business Suites in Yangon on 14th July, Friday 2017 at Myanmar Centre Office Tower. Strategically located on Kabar Aye Pagoda Road, in the heart of Yangon City, Myanmar Centre Business Suites is easily accessible and maintains an optimum distance […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]

Deep-sea port needed for delta region to boost logistics

The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as part of EuroCham’s annual White Book. The publication highlighted the need for Myanmar to establish deep-sea ports in order for the country to realise its geographical advantage and become a logistics hub in Asia. Despite […]

Indonesia Wants Direct Jakarta-Yangon Air Links

INDONESIAN government is requesting Myanmar to allow direct flights connecting Jakarta and Yangon to spur tourism and business activities between both nations. Dr Ito Sumardi, Indonesian ambassador in Yangon told The Myanmar Times on July 14 that in 2015, the Myanmar Airlines International (MAI) and Indonesia’s state-owned Garuda Airlines signed a deal but it did […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Singapore Myanmar Investco reports encouraging initial retail results at Yangon International Airport

Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty […]

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]

Oxley to Develop High-End Condominium in Myanmar

Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings, said at a media briefing on Tuesday their property, entitled “Min Residences”, would be the first property in Myanmar to be introduced with more than 60 fitness, wellness and recreational facilities. “We are confident that the property market will see an upswing after the market re-adjustment […]