The Japan-based Hotel Okura will open its first hotel in Myanmarwith the help of Japan’s government-private fund in 2020, according to the company’s press release dated July 28. Construction of Okura Prestige Yangon will commence this year and is expected to complete by 2020. Okura Prestige Yangon will be the company’s first project in the country. The building will cover […]
Read MoreThe World Bank released its Doing Business report for Myanmar in 2017. Based on the findings, Myanmar ranks 170 in ease of doing business this year, up from 171 in 2016. The country now has a population of almost 54 million, and a gross national income per capita US$1,293 per year. At 170, Myanmar actually […]
Read MoreThe 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. MYANMAR is involved in two of the six economic corridors under China’s Belt and Road Initiative (BRI), according to a report from a multinational professional services firm. The […]
Read MoreThe American coffee giant will soon have only Laos left to complete its ASEAN collection The leaf bests the bean in most of Asia, but that does not seem to affect Starbucks’ active expansion in the region. With the first store in Myanmar set to open in December this year, the American coffee franchise will soon only […]
Read MoreForeign businesses are encouraged to join the game early to reap the long-term benefits A recent report from a multinational professional services firm praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the […]
Read MoreABB 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. Stay in Yangon long enough and you’ll probably experience the electricity going off halfway through your meal at one of the city’s many restaurants. The problem is so common in the […]
Read More
Thailand
