Amendment to US sanctions against Myanmar aimed at supporting economic growth still leave an array of barriers to trade between the two countries.
A newly signed consortium agreement will see Thai-headquartered firm CEA Project Logistics and Italy’s Fagioli combine their efforts to win market share in Southeast Asia, including in Myanmar’s power sector.
Bell Helicopter is taking its 412 EPI model on a five-month demonstration tour across Asia-Pacific starting in Myanmar, where private sector firms have begun to show an interest in helicopters, according to the company’s local dealer.
Government departments need to negotiate to solve logistics problems at Yangon Port as soon as possible, while a Trade Facilitation Committee – set up under the previous government – will be fully implemented as part of an effort to boost exports, minister for Commerce U Than Myint told The Myanmar Times.
The European Commission (EC) will ask its council of ministers in June for permission to negotiate an aviation agreement between the European Union and the Association of Southeast Asian Nations – the first bloc-to-bloc aviation agreement for the EU.
Singapore-Based restaurant chain Crystal Jade will break into the Myanmar market this year, opening two outlets in Yangon with others to open across the country from 2017, the firm announced yesterday. Singapore Myanmar Investco (SMI) has entered into a franchise agreement with Crystal Jade to operate the firm’s first Myanmar outlets.
By following expert advice, Yangon could become not just a green city, but a golden city, Yangon Region Chief Minister U Phyo Min Thein has told a meeting of town planners. Long-term neglect of planning advice had helped create the problems the city was facing today, including severe traffic congestion and overcrowding, he said.