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Long-term real estate view needed in new Dagons
Investing in property in the new Dagon townships on the city’s outskirts must come with a long-term view, according to experts. The area is slated for the first of seven Yangon New City projects, and...
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MAPCO to take a year for listing
Myanmar Agribusiness Public Corporation will not immediately float on the Yangon Stock Exchange when it launches, which is slated for later this year, according to company director U Ye Min Aung. The...
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Plans laid for 20-year Ngwesaung development project
Plans for a 20-year Ngwesaung development project have been drawn and will be implemented in four five-year phases, in order of importance, according to Ministry of Hotels and Tourism. The...
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Rail ministry to repeat aborted tender
The Ministry of Rail Transportation has cancelled a tender to redevelop the area surrounding the Yangon Central Railway Station, with plans to launch another in the future, according to a statement...
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Telenor keeps 2015 outlook with Myanmar gains, stable Norway
Norwegian mobile phone operator Telenor(TEL.OL) reported second-quarter earnings a touch below expectations on Wednesday but kept its full year revenue and margin guidance and said its rapid growth in...
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Vietjet pioneers Yangon route
HO CHI MINH CITY, 28 July 2015: Vietjet Air will launch flights connecting Ho Chi Minh City to Yangon in Myanmar starting 2 October. The upcoming route will have five flights per week departing HCMC...
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Third Japanese megabank opens local branch office
Mizuho Bank opened its Yangon branch office yesterday, becoming the third Japanese megabank with a local branch presence. The firms also signed an agreement with AYA Bank, one of Myanmar’s largest...
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First Malaysian bank opens in Burma
Malayan Banking Bhd (Maybank), Malaysia’s leading bank by assets, commenced branch operations in Burma on Monday, becoming the first Malaysian bank to open a branch in the country. Maybank, the fourth...
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Emirates expands eastwards with Bangkok Airways codeshare deal
Dubai airline Emirates has signed a codeshare agreement with Thailand-based Bangkok Airways, significantly expanding its network in Southeast Asia. The new deal will see Emirates add its code to 19...
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Komatsu opens plant in Myanmar
Komatsu has opened its first manufacturing plant in Mandalay, Myanmar to produce generators and remanufacture components. It is the company’s 13th remanufacturing plant worldwide. The company has...
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Lower great expectations of Myanmar general election
Great expectations from Myanmar’s first general election in decades on Nov 8 are unlikely to be met, analysts caution. But despite much uncertainty over the shape of the country’s future leadership,...
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Myanmar to Receive Modern Weather Monitoring and Severe Weather Alerting System
GERMANTOWN, Md. & YANGON, Myanmar–(BUSINESS WIRE)–An agreement between U.S. technology firm Earth Networks and prominent IT solutions provider Lucky Bird in Myanmar will bring a technologically...
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Nonghyup Financial eyes Indonesian, Myanmar banks
SEOUL, Aug. 3 (Yonhap) — Nonghyup Financial Group Inc., South Korea’s fourth-largest banking group by assets, is considering buying banks in Indonesia and Myanmar in a bid to expand its overseas...
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Results reveal Ooredoo falling further behind rival Telenor
The gap between international operator Ooredoo and its rival Telenor has widened again this quarter, with Ooredoo reporting less than half the number of subscribers secured by the Norwegian operator...
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Step-by-step awareness campaign for stock exchange
The backers of the Yangon Stock Exchange are putting together a crash course to introduce it to the public. Dr Maung Maung Thein, chair of the Securities and Exchange Commission of Myanmar, said in...
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Tender started for fourth mobile licence
The Ministry of Communications and Information Technology has invited local companies to submit proposals to form a special purpose vehicle and obtain the fourth integrated licence in the country. The...
View ArticleMyanma Railways invites EOI for Yangon Central Railways Station Area...
The Republic of the Union of Myanmar Ministry of Rail Transportation Myanma Railways Comprehensive Development for Yangon Central Railways Station Complex 1. In line with the National Development, the...
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Aid being rushed to Myanmar’s flood victims
As local and civil society groups coordinate to rush aid to victims caught up in floods, the Myanmar government has played down criticism that it was under prepared for the disaster. YANGON:...
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Flood damage to crops raises fears of food crisis in Myanmar
YANGON (Myanmar Now) – Floods caused by heavy rainfall have inundated 1 million acres of cropland across Myanmar, a majority of them paddy fields, leading the country’s rice traders to call for a halt...
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Flooding not putting a dent in tourist agendas
Despite flooding occurring in 11 of Myanmar’s 14 states and regions, tourism to the country has not been affected and travellers are still visiting the most popular destinations, tour operators say. U...
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