Myanmar is getting its first ever publicly-accessible Burger King outlet, although whopper-enthusiasts will have to make their way to Yangon International Airport’s new domestic terminal to slake their hunger.
The Ministry of Commerce has abolished a limit system on the amount of funds a foreign-local joint venture trading firm can use in its operations, as part of a wider effort to loosen trading restrictions.
Trapped between a high dollar and a construction slump, contractors are facing difficult times, industry insiders say. Imported construction and decoration-related materials are more expensive because of the rise of the US dollar against the kyat, but a weak market means that new building projects are rare, and sales are low.
KBZ group-owned airlines Myanmar Airway International and Air Kanbawza started routes to new destinations this week. MAI now offers direct flights to Kolkata in India, while Air KBZ has become an international carrier and kicked off flights to Chiang Mai.