Myanmar to grow by 6% in 2021: ADB

The Myanmar economy is forecast to expand by 6 percent in 2021, according to the Asian Development Bank (ADB) in its latest report on December 10. “The outlook for developing Asia is showing improvement. Safe, effective, and timely vaccine delivery in developing economies will be critical to support the reopening of economies and the recovery […]

Myanmar’s Economic Outlook and How Private Equity and Venture Capital Can Make A Difference

As Myanmar concludes voting for its general election, Ascent Capital Partners Pte Ltd (Ascent Capital) takes a look at the road ahead for the country’s economy and how investors will support its continued development and growth. As a long-term private equity investor in Myanmar, Ascent Capital strongly believes in the long-term potential of the country. […]

GMA expands fleet despite rising costs, low passenger volumes

U Kyaw Nyein, chief executive officer of Golden Myanmar Airlines (GMA), has been seeing a rise in the number of Chinese passengers flying between local destinations in Myanmar this year, with the number of domestic destinations having risen to 29 from 25 in 2018. This has been able to offset the fall in the number […]

Mandalay: City of the future?

An energetic mayor and revamped municipal authority are giving Myanmar’s second city a tech-based makeover, which is being embraced by residents tired of past mismanagement. “MANDALAY is like a Phoenix from ancient Greek mythology. Like the mythical bird, Mandalay will always rise and regenerate from the ashes,” the renowned author Mya Than Tint wrote in […]