Eyes On Myanmar: Aeon, City Mart And Grab & Go

As Myanmar’s new government accelerates its efforts to open up the country’s economy, it is attracting international brands and retailers. An expanding economy, rising incomes and the new middle class are fueling the growth of modern retail in the country. Aeon store debuted in Yangon Aeon, the first foreign entity to operate retail stores in the […]

Aeon brings Japanese sensibilities to Myanmar food shopping

YANGON — 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 sight to Japanese consumers, made its Myanmar debut Friday in a largely middle-class area along a major […]

Cranes stand idle as Myanmar businesses bemoan economic policy drift

Aung San Suu Kyi’s ruling party will offer a glimpse of its plans for Myanmar’s economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy’s (NLD) emphatic triumph […]

KOICA signs for Dala and Bago master plans

Korea International Cooperation Agency (KOICA) has signed with the Ministry of Construction for several ambitious projects – including master plans for the north and south of Yangon and designing a national road network. The South Korean government’s grant aid arm recently signed with the minister to prepare two regional development plans, said chief Myanmar representative […]

Retailers brace for competition

MYANMAR RETAILERS, riding on an economic boost, anticipate fiercer competition from foreign players once restrictions are lifted. Win Win Tint, president of Myanmar Retailers Association and managing director of City Mart Holdings, said that Myanmar may allow the entry of international retail chains in the near future, driven by local demands. “New retail channels such […]

Capital Diamond Star Group seeks to raise profile, enter regional markets

Capital Diamond Star Group has kept a low profile for most of its history; at least as much as is possible for a company of 7000 employees and some of Myanmar’s major brands to stay out of the limelight. Beginning as a humble agriculture trading company in Mandalay in the 1960s, it has expanded to […]

Myanmar Citymart Supermarket chain takes Visa

Shopping is about to become simpler for travellers in Myanmar. City Mart, the country’s largest supermarket chain, has teamed up with Visa and KBZ Bank to roll out card acceptance at selected branches, a first for a supermarket chain in Myanmar. Customers can now pay with their Visa debit and credit cards at City Mart […]

Government Gives Green Light for Wine Imports

RANGOON — Domestic companies can apply for wine import licenses as of Wednesday, the Ministry of Commerce has announced, nearly one month after a major retail association stopped selling foreign alcohol demanding swift reforms. Commerce Ministry deputy director general Yan Naing Tun told The Irrawaddy on Thursday that relevant authorities are collaborating to streamline Burma’s […]

Daw Win Win Tint – One Myanmar among 50 powerful Asian businesswomen

Win Win Tint is the only Myanmar businesswoman who has made her way on to Forbes Asia’s “Power Businesswomen 2015” list, which consists of 50 women representing a wide range of industries in the region. Win Win Tint, 39, is the managing director of City Mart Holding, a business unit of Pahtama Group, the leading […]

Ayala Land, Burmese supermarket operator tie up for maiden property project in Myanmar

MANILA – The real estate arm of the Ayala Group has teamed up with Myanmar’s leading supermarket chain City Mart for a mixed-use project in Yangon. “I think what City Mart wants to do is they have properties that they want to convert. If I’m not mistaken, they plan retail establishments in Yangon,” Paolo Borromeo, […]