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
May 25, 2018 by
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 […]
Untangling Myanmar’s trade in human hair
May 21, 2018 by
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
May 21, 2018 by
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
May 18, 2018 by
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
May 16, 2018 by
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 […]
