In dirt-poor Myanmar, smartphones are transforming finance

MYANMAR’S democratic transition sometimes seems marked as much by continuity as by change. Depressingly, the army continues its bloody persecution of Rohingya Muslims in the west, for example (see article). But elsewhere moves to open the country’s markets, started by the preceding military regimes, have gathered pace. New commercial and financial services are springing up. […]

Yangon goes live with Hikvision Traffic Management Solution

Hikvision, the world’s leading supplier of video surveillance products and solutions, is ensuring safe vehicle flow and helping to improve driving standards in Yangon, Myanmar (formally Burma), via an intelligent wide-area integrated traffic management solution installed across the entire city. The background As a result of economic sanctions on Myanmar being eased in 2011, a […]

Myanmar strives to promote fishery sector by opening university, boosting cooperation

Myanmar authorities are striving to open a fishery university for development of its fishery sector following the parliament’s approval for such move. At a meeting of submission of proposal for the opening of the university, Dr. Aung Thu, Minister of Agriculture, Livestock and Irrigation, stressed the need for seeking fund, foreign technicians and researchers to […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Myanmar’s Dagon invests in Burst Networks’ upcoming Tier IV data center

Yangon facility gets closer to reality with a new investment Myanmar conglomerate Dagon International Limited has acquired a 14 percent stake in a data center being built by regional telecoms company Burst Networks The project aims to be the country’s first Uptime-certified Tier IV data center, and is located in the Thilawa Special Economic Zone […]

Condominium rental market bearish despite higher demand

Even though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]

Myanmar Trade Show, Exhibition & Conference Calendar for the month of November & December 2017

Name, Venue & Organizer Date Myanmar Travel Fair, Myanmar Event Park (MEP) at Mindama, Yangon, AMB Tarsus Exhibitions Sdn Bhd 02-04 Nov 2017 Myanfood’17 & Myanhotel’17, Myanmar Event Park (MEP) at Mindama, Yangon, AMB Tarsus Exhibitions Sdn Bhd 02-04 Nov 2017 Myanmar Security Expo, Tatmadaw Exhibition Hall, Yangon, MP International Pte Ltd 16-18 Nov 2017 […]

ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

SilkAir takes over Scoot’s Myanmar flights

Parent company SIA is consolidating its businesses. SilkAir will be taking the wheel of Scoot’s five-times-weekly services to Yangon, Myanmar, starting 29 October 2017. According to a press release, the new services will add to SilkAir’s 10 non-stop flights a week to Yangon and three services a week via Mandalay. Scoot chief executive officer Lee […]

18 shipping lines provide container handling at Yangon

Eighteen container shipping lines with 51 vessels are providing container-handling services at the container ports in Yangon. Yangon has six container ports – AWPT, HPT, MIP, MITT, BSW and AIPT – with berths for 69 vessels. A total of 51 vessels are currently operating. “Eighteen container shipping lines are currently allowed and there are 51 […]