Airline stops Yangon to Kathmandu flights

The Nepal-China joint venture Himalaya Airlines has stopped direct flights between Yangon and Kathmandu a little over a year after they began due to low passenger volume, the airline’s representative in Myanmar told The Myanmar Times on Thursday. Himalaya Airlines had offered the flight twice a week since March 2017, then it suspended the flights […]

Car sales affected by delay in YVQC: Volvo

Volvo, the Gothenburg-headquartered car manufacturer, said that the government’s delay in implementing the new vehicle registration system in Yangon has caused a significant impact on its sales. If the Yangon regional government can implement the new system, known as Yangon Vehicle Quota Certificate (YVQC), by June, Swedish Volvo Car Group could double its sales in […]

Yangon government urged to rein in proliferation of illegal massage parlours

Members of Parliament have urged the Yangon Region government to set clear regulations on opening massage parlours as well as bars and karaoke lounges in hotels and other commercial outlets in Yangon. During a parliament session last week, MPs raised questions on the licensing procedures and controls in place on running such establishments. They also […]

CEO Conference 2018 on the economy held in Yangon

The CEO Conference 2018 on the economy was held in Yangon at the Novotel Yangon Max on May 11. The CEO Conference 2018 was a forum of senior Myanmar government officials, eminent persons in their fields, top CEOs and business people. The CEO Conference 2018 was attended by Deputy Minister of Planning and Finance Ministry […]

Untangling Myanmar’s trade in human hair

Yangon, Myanmar – Aye Aye Thein, 55, cuts hair for a living at Insein market in the north of Yangon, Myanmar’s largest city. But unlike most hairdressers, she doesn’t charge her customers. Instead, she pays them. The country is a major source of human hair, feeding the global demand for wigs, weaves and hair extensions. […]

Starbucks to open first outlet in Yangon, taps Myanmar for growth in ASEAN

American coffee franchise Starbucks will soon open its first outlet in Yangon, Myanmar, leaving Laos the only market in ASEAN it has yet to penetrate. On May 12, the Myanmar Investment Commission (MIC) endorsed Coffee Concepts Myanmar Ltd (CCM), a wholly foreign-owned food and beverage services provider. CCM is the operator of Starbucks in Myanmar, […]

Invitation to Kayah Investment Forum, 26 May 2018 at Loikaw

Background: Kayah State has vast and diversified land that enables various types of agriculture, tourism and other industries. The estimates population in 2017 was approximately 291,778. Kayah State is divided into 2 districts (Loikaw and Bawlake) which are divided into 7 townships with 106 wards and villages.. Kayah State is located in north latitude 18 […]

Collier Property Report – Yangon Serviced Apartment Q1 2018

Competition Eases Amid Lack of New Supply Average rents inched up during Q1 2018 with no new projects introduced. We expect supply to remain limited at least in the immediate future. Colliers, however, sees competition building up gradually with the stock doubling in the next three years. Meanwhile, a recent study revealed that expatriates in […]

Up to 70 per cent of vehicles used in Yangon are personal vehicles: Yangon Chief

Up to 70 per cent of vehicles running in Yangon are owned by individuals and is the largest contributor to traffic jams, said Yangon region chief minister Phyo Min Thein. “Only 30 percent of vehicles running in Yangon are used for public transportation. Upgrading the public transport system will reduce individual use of car in […]

Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]