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HAGL to Open Hypermarket in Yangon
Following the signing of a memorandum of understanding (MoU) with City Mart Holdings on May 30, Vietnamese developer Hoang Anh Gia Lai (HAGL) is planning to set up a hypermarket in its second phase...
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Sri Lankan Airlines expands network to Myanmar
SriLankan Airlines will expand its network to Yangon, capital of Myanmar, from 1st June 2017, with the commencement of a codeshare partnership with Myanmar Airways International (MAI), one of...
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Free-Fallin’ Over Yangon
Myanmar’s first parachute federation is flying into Yangon. Since the 1990s, a group of 53 free falling enthusiasts have been jumping all over Myanmar. But only now is the Myanmar Parachute Federation...
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Myanmar’s AYA Bank Lowers Barrier to Visa Card
YANGON — Myanmar’s Ayeyarwady Bank, also known as AYA Bank, announced on Tuesday that it will start issuing Visa cards to a wider customer base. The bank will issue three types of credit cards —...
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Natural gas export earnings decrease by over US$35million
Natural gas export earnings as of the end of May this FY hit over US$230million, a decrease of over US$35 million from the same point last year, according to the Commerce Ministry. Natural gas exports...
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1,000 new YBS buses to hit YGN roads
Yangon Bus Service (YBS) is expanding its ride service with the addition of 1,000 new buses within the next two weeks, according to an announcement by the Yangon Region Transport Authority (YRTA) in...
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India -Myanmar -Thailand highway: Project likely starts next month
Mumbai — To strengthen connectivity with Southeast Asia, the government is likely to kickstart work on highway from Meghalaya to Myanmar, as part of the India-Myanmar-Thailand trilateral pact, from...
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Over 14,000 motorbikes imported via borders in one week
MORE THAN 14,000 motorcycles worth US$7.02 million were imported within a week in May over land ports of entry, according to the official figures issued by the Ministry of Commerce on Friday. Myanmar...
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5th Yangon Property Exhibition – Over $11 million USD worth of properties sold
The 5th Yangon Property Exhibition, organised by leading property website iMyanmarHouse.com, took place over 19th-21st May 2017. The event brought together over 50 property developers and real estate...
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Thailand’s Largest Oil and Gas Firm Plans New Asia Investment
Thailand’s largest oil and gas explorer PTT Exploration and Production Pcl (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, it said...
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Rental: The Key to Myanmar’s Real Estate Sector
With the current market situation, the purchase of completed units can be an asset for an early rental and return of investment. Rental can be one of the encouraging reasons for investors to purchase...
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PetroChina Yunnan Refinery to be Operational by June
China National Petroleum Corp, the country’s largest oil and gas producer, aims to start operating its new refinery in the country’s southwestern Yunnan province by June, an auxiliary project of the...
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Vietnamese Automakers Dream of Cars Rolling on Streets of Myanmar, Philippines
The automakers see great opportunities to export cars to ASEAN as the tariff will be cut to zero percent from 2018 under the ASEAN free trade agreement (FTA). However, in order to be able to enjoy the...
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Investor-Friendly Environment and Human Capital Essential for Myanmar’s...
The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global...
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Soilbuild Construction’s Myanmar unit awarded US$10.5m contract
SOILBUILD Construction (Myanmar) Company Limited, a subsidiary of Soilbuild Construction Group, was awarded a contract worth US$10.5 million for the construction of a 12-storey hotel building in...
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Proposed Gemstone Legislation Risks Leaving Flawed System Intact
The proposed Gemstone Law, currently under discussion in the national legislature, would largely perpetuate many flaws in the governing framework created by the then-military-led government in 1995,...
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No Further Bidding Round for PSC Blocks
There are no immediate plans to hold another bidding round for the oil and gas blocks in Myanmar, a senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. “No plan...
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Deals Designed to Keep The Lights on in Emerging Markets
Demand for power in the emerging markets of the Asia-Pacific region is rising so fast that authorities often struggle to secure the private international finance needed to keep pace with rising energy...
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Number of Yangon Eateries Surpasses 8,000
The number of restaurants in Yangon Region totals over 8,000, according to the health department at the Yangon City Development Committee. The department’s interim chief Dr Than Than Lwin said: “We...
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Singapore’s export agency to focus more on Myanmar, Cambodia and Indonesia
Trade agency IE Singapore has tied up with two new partners to organise more business workshops that will focus on South-east Asia, especially Myanmar, Cambodia and Indonesia. The new partners – Ngee...
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