The second Thai-Myanmar Friendship Bridge across the Moei River in Tak’s Mae Sot district will be officially opened on Oct 30, according to a press release from the Highways Department. The opening ceremony will be co-chaired by Transport Minister Saksayam Chidchob and Myanmar’s Minister of Construction Han Zaw. The Thai ambassador to Yangon and the […]
Prospects look bright for South Korean-backed industrial complex near Yangon
October 1, 2019 by
The Korea-Myanmar Industrial Complex (KMIC) is set to be among the best industrial complexes in Myanmar and will help unlock the potential of Myanmar, China, India, and ASEAN as markets, Kim Gunwoo, general manager of the Korea Land and Housing Corporation (Myanmar), said in an interview with The Myanmar Times. Korea Land and Housing Corporation […]
Myanmar stocks surge on hope of foreign funding
September 18, 2019 by
Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors […]
UK shifts trade policy on Myanmar to open markets further
September 4, 2019 by
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 […]
Association proposes plan to set up Tamu economic zone
September 3, 2019 by
Tamu Merchants Association has submitted a plan to establish an economic zone in Tamu, Sagaing Region near the Myanmar-India, said its chair Hla Maung. It was proposed at the 29th monthly regular meeting between the private sector development committee and local entrepreneurs, on August 24. “Now the Indian government is upgrading Kalewa-Yargyi-Monywa road. It is […]
Low-Grade to High-End: Waking Up the Myanmar Coffee Market
August 29, 2019 by
THE SOCIAL CHALLENGE Economic Development Most of the world’s commercial-grade coffee farmers are not paid enough to sustain profitable farms, prompting them to cut down coffee trees. This was the case in Myanmar, which lacked a cohesive coffee value chain to promote coffee globally or within the country, and where there was little knowledge of […]
Myanmar’s offshore oil fields
August 21, 2019 by
The article will bring the message about energy sector of the country, with high expectation to increase electricity consumption of the country in next five years and to share knowledge of energy sector. Myanmar already has four offshore natural gas fields at present. The total production capacity from three projects in Muttama/Martaban offshore—Yadana, Yetagon and […]
Myanmar plans alternative market to jump-start stock exchange
August 20, 2019 by
Myanmar’s securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review has learned. Dubbed the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a […]
YKKO: From small shop to major brand
August 14, 2019 by
From a small neighbourhood shop selling vermicelli and meatball soup about three decades ago, Yan Kin Kyay Oh (YKKO) has grown into a prominent Myanmar brand with 38 outlets across the nation. “We have branches in five cities – Yangon, Mandalay, Nay Pyi Taw, Mawlamyine and Bago. By the end of this year, we expect […]
‘US keen to invest, strengthen ties with Myanmar, but faster reform needed’
July 4, 2019 by
The lack of infrastructure, clearer rules on business and domestic politics continue to be issues weighing on investor sentiment towards Myanmar. US Ambassador to Myanmar Scot Marciel, who spoke at the American Chamber of Commerce Myanmar’s “Improving Ease of Doing Business Forum” yesterday, acknowledged that while the government has been implementing reforms and building infrastructure, […]
