Monday, September 25, 2017

New Investment Law authorises first project led by Japanese hotel chain

TheJapan-based Hotel Okura will open its first hotel in Myanmar with the help of Japan’s government-private fund in 2020, according to the company’s press release dated July 28.

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A positive perspective on Myanmar’s hotel glut

Last September, amid an alarming rise in the number of unoccupied hotel rooms in cities like Yangon and Mandalay, the Ministry of Hotels and Tourism (MOHT) announced tighter controls on the development of new hotels in congested areas.

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Myanmar’s stakes in two Belt and Road economic corridors

The country’s involvement in the two economic corridors reflects its unique geopolitical role in bridging China and South Asia as well as fostering integration of the ASEAN bloc.

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Chevrolet’s new 2017 Malibu  launched

The official dealer of Chevrolet, Pacific-AA Motor Ltd, has introduced its new 2017 Malibu to the market on July 28 and foresees this to be Chevrolet’s flagship model in their range for the next three years, Samuel Eak, Chevrolet’s general manager, told The Myanmar Times.

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Can Myanmar make it easier for SMEs to do business locally?

The World Bank released its Doing Business report for Myanmar in 2017.

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Singapore cord blood bank targets upper middle-class market

CORDLIFE GROUP, a Singapore-listed cord blood bank, has officially opened an office in Yangon. It will offer cord blood, cord lining and cord tissue banking services to new parents in Myanmar.

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Japan’s ENEOS motor oil and lubricant gains market share

Since debuting in Myanmar last year, demand for Japan’s ENEOS brand of motor is on the rise as the automotive market expands.

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Big Four firm hails Belt and Road as a “global game changer”

Foreign businesses are encouraged to join the game early to reap the long-term benefits

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Solving Myanmar’s power problem

ABB believes microgrids are the solution to Myanmar’s power shortage problems. A senior executive at the power grid company explains how it can be done.

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As demand rises, local coffee could emerge as key national export

Coffee could be the next big export product for Myanmar. But the industry needs support and protection from the government to produce the crop and before local growers start competing in the international market, Myanmar Coffee Association chair U Ye Myint, told The Myanmar Times.

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