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The launch of Metro Myanmar business marks the German wholesaler’s 36th international market. The company has announced a warehouse in Yangon, aiming to serve local professional customers in the fast-growing hospitality and tourism sectors. “The food…
Foreign companies are now allowed to invest in Myanmar’s retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Rohingya refugee crisis. The Ministry of Commerce announced the change on…
Prime Yangon retail space remains almost fully occupied despite a record addition of new stock on the market last year. As a result, city retail rents are likely to rise by 4 to 5 per cent in the near-term, reflecting high demand. “Rents should continue…
PastaMania Myanmar will open a branch in Yangon’s Capital Hypermarket Extension Mall on February 27. From Singapore, the Italian casual-dining restaurant chain has more than 50 outlets in 14 countries. “This PastaMania outlet design is based on Italy’s piazza…
Myanmar’s MPT has announced the launch of FTTH services in parts of the nation’s largest city Yangon. The new service offers speeds of 5Mbps for 69,000 kyat ($50.64) per month, or 10Mbps for 109,000 kyat per month. The operator is offering the service on a 12…
Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016,…
Vietjet continues its international route extension program with the announcement of the launch of the Hanoi to Yangon (Myanmar) route, with tickets priced from only HKD70 (USD9). The new service, commencing August 31, 2017, is expected to meet the increasing…
Myanmar has its first Japanese-style food court, thanks to a joint venture between City Mart Holdings and Japanese trading company Sojitz Corp. Tokyo Dining City, home to six restaurants, opened on Wednesday inside a new commercial building in Yangon’s CBD.…
Diesel has opened a new monobrand store in Yangon airport as the brand makes its debut in the Myanmar market and reinforces its presence in global travel-retail. With the new 100sq m store, Diesel opens the doors to its renewed retail design concept. The…
Wyndham has expanded its Tryp brand to Myanmar, formerly known as Burma, with the opening of a new-construction hotel in Yangon, Myanmar. The 60-room Tryp Yangon is Wyndham’s inaugural hotel to open in the country. Tryp Yangon is located in the heart of…
TRYP by Wyndham has arrived on the shores of south-east Asia with the opening of a new-construction hotel in Yangon, Myanmar. The 60-room TRYP Yangon is Wyndham’s inaugural hotel to open in Myanmar. TRYP by Wyndham celebrates the spirit of the urban traveller…
Japanese supermarket giant Aeon has become the first foreign retailer to enter Myanmar since the 2011 transition to civilian rule, a development that could herald change in a retail industry still dominated by traditional markets. Aeon signage, a familiar…
Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar. The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township.…
Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete, with US fast-food chain Kentucky Fried Chicken the first international restaurant confirmed to…
Competing visions for the future of Pomelo have seen several founders forced out of the company in recent months amid allegations of physical intimidation, threatening emails and defamatory public statements. The Myanmar Times‘ RJ Vogt investigates what went…
Singapore Myanmar Investco (SMI) subsidiary SMI Retail is to operate duty-free, retail and food and beverage facilities at Yangon International airport (YIA) terminal two from April 1 2016. The retail operator has been awarded a five-year licence, with the…
