After four years, Qatar resumes Yangon service.
Qatar Airways resumed flights to Myanmar, Yangon in October . While flights will initially operate
from Doha to Yangon on Wednesdays, Thursdays and Sundays, with return flights on Mondays,
Thursdays and Fridays, the service will increase to daily frequency from October 28.
Foreign energy giants line up for tender.
Leading oil and gas companies from the West and Japan, recently freed from US economic sanctions, are looking closely
at Myanmar’s upcoming oil and gas tender, Ministry of Energy sources said last week. U Soe Thein, a minister of the
President’s Office and head of Myanmar Investment Commission (MIC), said he expected parliament to approve the heavily
debated foreign investment law when it meets again in October. “We have set criteria for responsible foreign direct
investment in Myanmar, including corporate social responsibility projects. Concerning the mining and oil and gas sectors we
are looking at joining the Extractives Industry Transparency Initiative, which involves a step-by-step process of transparency
in revenue processes,” he said at the Asia Society in New York on September 27.
Visa edges closer to re-entering Myanmar.
Initially, Visa plans to target the influx of tourists that Myanmar is already beginning to receive International flight arrivals
jumped 63pc in 2009-2010 and an additional 32pc in 2010-2011. At present tourists find themselves needing to carry
large sums of cash, as the country has no ATMs that accept foreign bankcards. Since Myanmar’s lack of infrastructure,
particularly outside of Yangon, Nay Pyi Taw and Mandalay, it could allow Visa to leapfrog traditional electronic payment
methods like cards and move straight into the mobile banking model in rural areas.
For more: http://www.mmtimes.com/index.php/in-depth/2004-visa-edges-closer-to-re-entering-myanmar.html
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