Aeon’s Myanmar debut marks milestone in reform

August 14, 2016 7:00 am JST A new joint venture will take over Orange stores like this one in Yangon. YANGON — The approval of Japanese retailer Aeon to open up shop in Myanmar is a hallmark of the country’s economic reforms, a result of efforts by the new government overseen by Aung San Suu […]

Myanmar Cosmetics Association expresses doubts over industry future

Although the Myanmar government has made steps towards growing domestic beauty businesses, the country’s cosmetics body says measures need to be stepped up to protect domestic players. The Myanmar Cosmetics Association (MCA) has recently made an official request to the Myanmar Investment Commission to put the industry on its radar and start both protecting and […]

MV TV chief focuses on overseas business, eyes opportunity in Laos, Myanmar

AFTER THE failure to strike a deal with Thai TV Co to run a digital free-to-air MVTV Family channel last year, MV Television (Thailand) appeared to stay away from the spotlight. In the first media interview given since then, Chaiyut Tavipvoradech, president of MV Television (Thailand), reveals his new milestones now that the company’s stronghold […]

Myanmar’s leaders target ASEAN ties with first foreign trip

VIENTIANE — Myanmar President Htin Kyaw and de facto leader Aung San Suu Kyi’s choice of Laos for their first trip abroad reaffirms the new administration’s focus on building ties with the rest of Southeast Asia. Suu Kyi, acting as state counselor and foreign minister, accompanied Htin Kyaw in talks with his Laotian counterpart, Bounnhang […]

Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]

Ranong well placed to be marine gateway for growing trade with Myanmar and other BIMSTEC markets, seminar hears

RANONG HAS the potential to be a gateway for trade with neighbouring countries, especially the BIMSTEC nations of Bangladesh, Bhutan, India, Myanmar, Nepal and Sri Lanka, as the province has a deep-sea port to serve such commerce, provincial governor Suriyan Kanchanasilp said yesterday. Last year, Ranong recorded bilateral border trade with Myanmar worth Bt21 billion, […]

The Nordic House in Yangon – A promising perspective

A Thursday evening in Yangon, Myanmar. 700-800 guests are gathered to learn or explain about Scandinavia, the natural focal point when the Nordic House, hosting the Danish and Norwegian embassies and the Finnish and Swedish consuls, opened the doors for visitors to mark their move to new premises on the 3th of March 2016. A suitable […]

Microsoft Discusses Cybersecurity, Cloud Computing with Local Entrepreneurs

Microsoft recently hosted a series of workshops and seminars for local business leaders and entrepreneurs, sharing emerging trends in technology and discussing how technology innovation can help local businesses grow, transform and build the local economy. The American software giant’s representatives visited with members of the Union of Myanmar Federation of Chambers of Commerce and […]

Myanmar urged to focus on human resources

Myanmar’s public and private sectors have been urged to put greater focus on the quality of university and vocational education to address the acute shortage of qualified workers faced by both local and foreign companies. At a seminar on human resources last week, Oliver Massmann, general director of law firm Duane Morris Vietnam, said Myanmar’s […]

Korea chases investment in Myanmar

The ASEAN-Korea Centre sent 20 Koreans to Myanmar last week to seek investment opportunities. The investment and market research mission of businessmen and officials from the Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation went to Yangon on Jan. 13-15. The project was designed with Myanmar’s Directorate of Investment and […]