Mastercard makes moves in Myanmar
Mastercard announced this week that it would open an office in Myanmar, one in a series of steps towards the modernization and digital leapfrogging of the Myanmar economy. “Mastercard aims to support the advancement of Myanmar’s digital payme
Ailing Thai energy firm holds steady in Myanmar
Thai oil and gas firm PTT Exploration & Production (PTTEP) has no plans to divest in Myanmar despite massive losses, the company has said. The pandemic-related market collapse slashed PTTEP’s net profits by 69% in second quarter of thi
Thilawa SEZ investment hits USD 1.9 billion
Yangon Region’s Thilawa Special Economic Zone has continued to boom with USD 1.9 billion in total investment. The investment has come from 111 domestic and foreign companies, according to data from the Myanmar Thilawa SEZ Holdings Public Co Ltd
Railroads dominate Myanmar Project Bank
This week the Myanmar Times reported that the Myanmar Project Bank, a new collection of ongoing projects under the Myanmar Sustainable Development Plan (MSDP), has added a total of USD 7.9 billion worth of projects in 2020. Railway infrastructure acc
Myanmar Airways International weighs Sri Lanka route
Amid a major industry downturn, Myanmar Airways International (MAI) is looking to expand, including adding direct flights to Sri Lanka. MAI executives met with Ambassador-designate of Sri Lanka to Myanmar Dr. Nalin de Silva to discuss the potential f
