Weekly Business News from Myanmar

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  Wyndham Hotel Group to expand into Myanmar with the signing of the franchise agreement for a 260-room Wyndham Grand hotel in Yangon

  Wyndham Hotel Group announced plans on 2 September to expand its portfolio of offerings in Southeast Asia to Myanmar for the first time with the signing of a franchise agreement for a 260-room Wyndham Grand® hotel in Yangon, according to a press release from the group.
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  Myanmar's border trade tops USD 2.4 billion at the end of August: Myanmar's Ministry of Commerce

  Trade between Myanmar and its four neighbouring countries has reached US$2.48 billion this financial year to date, a Ministry of Commerce official told The Myanmar Times.
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  Myanmar's Hanthawaddy International Airport project delayed by four years due to fund shortage

  A South Korean company first planned to build the Hanthawaddy International Airport on an old World War Two Japanese airfield near the town of Bago, about 100 km (60 miles) north of the commercial city Yangon. However, the project was abandoned in 1994, soon after a groundbreaking ceremony. The state-run Global New Light of Myanmar newspaper said the country’s fourth international airport was now expected to open in seven years.
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  Second Thai-Myanmar bridge, linking Mae Sot and Myawaddy, construction begins

  Construction costs have been budgeted at 640 million baht (about US$17.8 million), to be borne by the Thai side. It is scheduled to be completed in 2017.
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  International tourists have been allowed to visit the archipelagos in Myeik Township, Tanintharyi Region as a day trip

  In the past, there were restrictions on the visit of Myeik’s archipelago. As for international tourists, they have no chance to visit those islands in Myeik Township.
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  Myanmar government approval of a 3,600 kyat (USD 2.80) minimum wage for all sectors, to be implement in September

  RANGOON — Two years of negotiation culminated on Friday with the Burmese government’s approval of a 3,600 kyat (US$2.80) minimum wage for all sectors, to be implemented in September.
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  The Directorate of Investment and Company Administration (DICA) asks all Myanmar companies to confirm in writing that they are still in business, before 14 September

  The Directorate of Investment and Company Administration (DICA) has asked all Myanmar companies to confirm in writing that they are still in business, before September 14. DICA needs to know which companies are still operating, said director general U Aung Naing Oo to The Myanmar Times.
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  Nine foreign firms submit fuel distribution bid

  Nine foreign firms have submitted tenders to form a joint venture with the Myanma Petroleum Products Enterprise (MPPE) to import, store and distribute petroleum products throughout Myanmar.
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  Myanmar National Airlines launches maiden flight to Singapore

  Myanmar National Airlines (MNA) is due to launch its first time flight to Singapore
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  Komatsu Opens Myanmar Production Base

  Japanese mining and construction equipment manufacturer Komatsu Ltd establishes a factory in Mandalay