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Yangon

Thilawa economic zone’s share offering oversubscribed in Myanmar

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The placement of 2.1 million shares of Myanmar's fast-growing Thilawa Special Economic Zone - which were offered through banks in absence of a stock...
Pan Pacific opens second hotel in Myanmar

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Singapore-based Pan Pacific Hotels Group has opened its second hotel in Myanmar, the Parkroyal Naypyitaw, on April 6, in addition to its existing hotel...
Myanmar gets ready for 5 million tourists in 2015

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Myanmar is expecting 5 million tourists in 2015, said President Thein Sein during a parliamentary speech marking three years since his administration took office. “Tourist...
Myanmar invites investors for low-cost housing

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In a bid to boost living standards for the large numbers of Myanmar people who struggle to find adequate housing, the construction ministry is...
Yangon Stock Exchange on track to open in 2015

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The Yangon Stock Exchange will be opened by the end of 2015 as scheduled despite emerging challenges along the preparation stage, said Maung Maung...
Yangon development costs put at $4.5b

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The overall cost of the Greater Yangon Plan to develop Myanmar’s economic hub will reach approximately $4.5 billion and foreign investment will be invited,...
Myanmar new airport’s construction stalled

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Four international consortiums that vied for a $1 billion contract to build the new Hanthawaddy Airport in Myanmar's Bago have been asked to once...
Myanmar seeks foreign investors for railway upgrade

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Myanmar's Ministry of Rail Transportation has said it is planning to invite foreign investment to carry out major projects for the railways sector. The plan,...
Singapore apartment chain expands to Myanmar

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Singapore-based serviced apartment chain The Ascott Limited has announced moves to expand into Myanmar and increase its presence in Germany and Asia, The Strait...
Myanmar Airways to fly to UAE by 2015

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Myanmar Airways International (MAI) said it will launch its first flight to the United Arab Emirates in 2015, Eleven Myanmar reported. “We have no arrangements...
Malaysia’s Matrade eyes construction projects in Myanmar

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The Malaysia External Trade Development Corp (Matrade) targets $125 million worth of construction projects in Myanmar for Malaysian companies. In a statement on March...
Ooredoo Myanmar completes network test run

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Ooredoo Myanmar has successfully completed a mobile network trail test at their head office near the Myanmar Information and Communication Technology Park. The mobile service...
Thailand’s PTT to invest $3.3b in Myanmar

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The Thai national oil giant PTT Exploration and Production (PTTEP) has announced that it will invest $3.3 billion in Myanmar over the next five years...
Global law firm opens office in Myanmar

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US-headquartered Baker & McKenzie, the world’s second-largest law firm by revenue, opened an office in Myanmar to serve foreign investors entering an economy emerging...
New private airline takes off in Myanmar

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A new private airline in Myanmar, called Mann Yatanarpon, airline will start flying to local destinations across the country on February 27, according to...
Cambodia’s Acleda Bank to expand in Laos, Myanmar

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Cambodia's Acleda Bank, one of the country's largest, said it plans to expand in Laos and Myanmar as operations there performed well in 2013,...
World Bank to invest $2 billion in Myanmar

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On his first visit to Myanmar, World Bank President Jim Yong Kim on January 26 announced that the World Bank Group plans to invest...
IMF positive on Myanmar’s growth outlook

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The International Monetary Fund (IMF) said Myanmar's economic outlook remains favourable and projected that real GDP growth will rise to about 7.8 per cent...