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 […]

Local airports to be handed over to private sector

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON—Local airports in Myanmar are being allowed to approach private companies to handle their operations, according to the Directorate of Myanmar Aviation Department. There are 69 domestic airports in Myanmar. Among them, only 32 airports including Nay Pyi […]