While most fleet expansion plans in Southeast Asia have come to a standstill, privately-owned carrier Myanmar Airways International (MAI) is bucking trends with the anticipated deliveries of three additional Embraer E190 jets. However, unfair competition resulting from protectionist policies continue to distort the market. MAI chief executive Saravanan Ramasamy told AIN the airline “is fighting […]
Southeast Asia sees big shift to e-commerce during COVID-19
October 23, 2020 by
Driven by changing consumer trends during COVID-19, the Southeast Asian e-commerce industry has grown substantially in the first six months of the year, according to a recent report by price comparison and product aggregating website iPrice Group. The report pointed out major changes in consumers’ behaviours and the e-commerce industry brought about by COVID-19 in […]
Southeast Asia Courts Local Tourists as Virus Shuts Chinese Out
February 20, 2020 by
MANILA—Southeast Asia’s holiday hotspots, hit by billions in lost business from Chinese tourists, are turning to markets closer to home to soften the blow from travel restrictions caused by the coronavirus epidemic. To make up for lost revenues, firms in the region are dangling discounted airfares, hotel accommodation and tour add-ons in a bid to […]
Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech
December 9, 2019 by
YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]
China Seeks Road, River Route Via Ayeyarwady for Economic Corridor
November 29, 2019 by
China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]
Tourism key to Kachin growth, but transport infrastructure is lacking
November 28, 2019 by
At the very first investment seminar held in Kachin State last week, the government and local ethnic businesses agreed to focus on developing tourism and other sectors of the Kachin economy to reduce its reliance on mining. Kachin’s economy contributes just 1.9 percent to Myanmar’s GDP, most of which comes from the mining sector. “Kachin […]
Reaching Singapore’s Unicorn Status, Carousell Expands its Presences to eight Markets Through 701Search’s Mergers
November 26, 2019 by
With the merger, Carousell will join forces with 701Search’s marketplaces such as Mudah in Malaysia, Cho Tot in Vietnam, and OneKyat in Myanmar Singaporean online marketplace Carousell announces that it has merged with telecommunications company Telenor Group’s 701Search, and its various marketplaces in different Southeast Asia regions, such as Mudah in Malaysia, Cho Tot in […]
The Rise and Fall of an Australian Media Mogul in Southeast Asia
November 20, 2019 by
ROSS DUNKLEY was thinking of quitting journalism when he met Rupert Murdoch, a fellow Australian, on a friend’s yacht off the coast of Rhode Island during the America’s Cup boat race in 1983. He had grown tired of working for other people in a newsroom; he wanted to return to his family roots and become […]
Coffee culture takes off in Yangon
November 19, 2019 by
YANGON, 11 November 2019: I enjoy walking tours, but I always keep one eye open for the corner coffee shop a couple of hours into the tour as the sun’s tropical glare intrudes on sidewalk shade. Yangon is no exception as I follow the guide through a warren of stalls that make navigation of the […]
Offshore OFS Could Get Major Boost in SE Asia
November 18, 2019 by
Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Norwegian energy research firm Rystad Energy. That’s thanks to megaprojects in Malaysia, Myanmar and Vietnam with new final investment decisions (FIDs) expected in 2021 for Vietnam, Indonesia and Brunei. “We anticipate that […]
