Japanese firms given green light to build power plant in Yangon

Myanmar and Japan have signed an agreement to build a 1250-megawatt liquefied natural gas power plant worth up to US$2 billion in Yangon’s Thilawa Special Economic Zone. The Ministry of Electricity and Energy on July 24 granted a Notice to Proceed to Marubeni, Sumitomo Corp and Mitsui & Co to build the plant under a […]

Yangon Payment System launched

Yangon Bus Service (YBS) launched their new electronic payment system on its buses last week, with 5,387 cards being sold within two days of the launch – an Asia Star Mar Transport Intelligent Company representative said. “Most travelers received their cards for free, if they purchased the card with K5,000 worth of credit. We expect […]

Project to provide safe water for more people in Yangon

After moving to her squat seven years ago, Daw Than Mya soon regretted never digging a hole for the tube well at the back of her house. As a result, she buy a tank of water everyday, costing K600. Daw Than Mya lives in Dagon Seikkan with her two children.During the summer and winter months, […]

Yangon Int’l Airport sees international flights halved in six months

Yangon International Airport handled only 8,857 international flights over the six months of this year since the Covid-19 outbreak, a decline of 51 percent compared to the same period last year, according to sources from Yangon Aerodrome Company Limited (YACL) providing services at the airport. In the period, Yangon Airport, the main entry and exit […]

Myanmar approves Japanese plans for LNG power plant

YANGON — Myanmar’s government on Friday gave written approval to plans by three Japanese trading companies to build a liquefied natural gas power plant. Representatives from Marubeni, Sumitomo Corp. and Mitsui & Co. attended the signing ceremony in the capital Naypyitaw. Nikkei reported earlier that the proposed 1,250 megawatt plant is equivalent to about a […]

Expats eager to return, and biding their time

Foreign investors and staff who were outside Myanmar when commercial flights stopped in March are doing their best to manage businesses from afar but unsure when they’ll be able to return. By THOMAS KEAN | FRONTIER When Myanmar shut its borders at the end of March, Mr Peter Witton found himself in the wrong place […]

Luxury car prices fall

The price of luxury cars has gradually declined over the past two months, as market demand and the value of the US dollar continue to fall. Car salespeople believe that the government’s policy of granting import permits to civil service personnel might also be to blame. The unpopular government policy exempts certain officials from paying […]

Yangon bus payment cards to launch on July 21

The Yangon Payment System (YPS) will be launched on July 21, for a total of 597 buses run by the Yangon Public Bus Company (YPBC) and Bandoola bus lines. “The new payment system has been installed for buses travelling short distance flat payment routes, and will be installed in the longer-distance buses in the next […]

Virus-hit local tourism, the continued shutdown of Yangon International Airport and weak signal for revival of businesses

According to the World Tourism Federation (WTF) for 2019, the total number of tourists around the globe exceeded 1,500 million. China has topped the list of global tourists as Chinese tourists account for 156 million. Due to the spread of COVID-19, almost all tourism businesses in the globe have stopped. The pandemic has resulted in […]

MASkargo adds Yangon freighter flight to meet demand

MASkargo has launched a freighter flight to Myanmar to meet demand growth. The airline had been serving Yangon (RGN) through its passenger flights but increases in demand mean the Malaysia-hubbed carrier has decided to start a weekly freighter service between the city, Bangkok (BKK) and Kuala Lumpur. The service will utilise an A330 freighter offering […]