China, Myanmar sign MoU on feasibility study of Mandalay-Kyaukphyu railway

China and Myanmar signed a memorandum of understanding (MoU) on Sunday to conduct feasibility study of a railway linking Mandalay, the country’s second largest city in Myanmar’s central region, with Kyaukphyu, the major town in Myanmar’s Rakhine state, according to a release from the Chinese embassy in Myanmar. Speaking at the signing ceremony, Chinese Ambassador […]

Forex brokers in Myanmar benefit from stable kyat

The Myanmar kyat has been stable between K1300 – 1325 per US dollar for the last three months. This has helped forex brokers make profits in the local currency market. The current price of the local currency has touched 2016 levels, and is at its strongest levels against the US dollar since 2018. A stable […]

UK shifts trade policy on Myanmar to open markets further

Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]

Economic Corridor to benefit people of China, Myanmar

KUNMING – At a fruit market in Wanding, Ruili, a county on the China-Myanmar border, workers are transferring watermelons and muskmelons from Myanmar to heavy trucks which will soon leave for Beijing, Shanghai and other cities in China. “Burmese fruit tastes good and enjoys great popularity among Chinese people,” Said Liu Hongfang, a manager of […]

Thilawa SEZ has sold over 3 million shares, to list when stock market set up

Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH) says it has sold more than three million shares but has no plan to sell more. Win Aung, the chairperson of MTSH, said: “We now have enough capital to run the economic zone. We have a plan to list on the stock exchange, which is going to […]

OTC market for Thilawa shares due in 45 days, Win Aung says

Over-the-counter sales of shares in the Thilawa Special Economic Zone will be launched within 45 days, according to tycoon Win Aung, chairperson of Myanmar Thilawa SEZ Holding Public Co Ltd. Win Aung, who is also the president of the Union of Myanmar Federation of Chambers of Commerce and Industry, said the OTC market “will sell […]

Stock market to arrive on time, like a Tokyo bus

The Yangon stock exchange will benefit from extensive Japanese support to meet a targeted October 2015 launch, said Daiwa Securities director Shinsuke Goto. Although the Securities and Exchange Law was passed in 2013, Myanmar has not yet set up a Securities and Exchange Commission necessary for licensing the exchange and securities companies, and has not […]

Tourism insiders watching Thai crisis

Thailand’s political upheaval has so far had little effect on Myanmar tourism, but is worth watching closely given the country’s importance for the industry in Myanmar, insiders say. Bangkok is by far the largest gateway for tourists arriving in Myanmar, but tourism has weathered past crises in Thailand and this one appears no different, said […]

Why Gap Is Opening Factories in Myanmar

Apparel retailer Gap (NYSE: GPS ) — the parent company of Old Navy, Gap, Banana Republic, Athleta, and Piperlime — is headed to Myanmar, the country formerly known as Burma. Gap will be the first American retailer to enter the country since the former military nation transitioned into a democracy three years ago. Gap has […]

Yoma and Sumitomo partner up

Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s Sumitomo Corporation to distribute Hino trucks in Myanmar. Hino, a Toyota group company, manufactures medium- and heavy-duty trucks and buses, and is a market-leader in Japan. Andrew Rickards, Yoma Strategic’s chief executive, said the proposed joint venture would benefit both the logistics and […]