Air Thanlwin to resume domestic flights

Air Thanlwin will become Myanmar’s latest airline to resume domestic flights. On May 30, the airline will begin offering round trip flights from Yangon and Mandalay to Sittwe, Tachilek, Myitkyina, Kengtung, Heho and Khamti. When it resumes oper

Government partners with Singaporean firm to complete infrastructure projects

The Ministry of Planning, Finance and Industry (MOPFI) has finalized an agreement with Singaporean firm Infrastructure Asia to help facilitate investment in new infrastructure projects. Under the deal, Infrastructure Asia will help the MOPFI connect

Alibaba fintech arm invests USD 73.5 mn in Wave Money

Ant Financial (owner of Alipay) will invest USD 73.5 million into digital payment platform Wave Money. With the investment, the Alibaba affiliate will join Yoma Bank and Telenor as the primary stakeholders of one of Myanmar’s largest fintech se

Government calls for solar tender bids

The Ministry of Electricity and Energy has invited solar power providers to submit bids for solar generation facilities totaling 1 gigawatt of power. The ministry is seeking around 30 solar facilities, each producing 30 to 40 megawatts. The tenders w

DICA deletes 800 companies

DICA has proven it is ready to enforce the government’s corporate reform initiative by deleting around 800 companies from its registry this year, according to data collected by the Myanmar Times. The companies have been slashed after they faile

Investment ministry predicts bad year

Although to this point Myanmar’s foreign direct investment has enjoyed a strong fiscal year, the Ministry of Investment and Foreign Economic Relations (MIFER) predicts the COVID-19 pandemic will put a huge dent in short term FDI. “My concern