In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

Tata works to get more out of domestic agriculture exports

About 80 percent of Myanmar’s exports of beans and pulses go to India, with lesser amounts going to Pakistan, Bangladesh, Europe and the United States. Myanmar competes against other growers, including Canada, Mozambique, Tanzania, Sudan, Malawi and Senegal. That’s why Sunil Seth, the Myanmar head of the US$100 billion Tata Group, one of India’s largest […]

SCG fosters a culture of earthquake safety

EARTHQUAKES have become more frequent in Myanmar, with the latest one hitting the country earlier this month. Hence, Siam Cement Group – driven by its commitment to contribute to communities – is using this opportunity to share knowledge on how to minimise damage to lives and property in the event of an earthquake. In collaboration […]

Chinese giant works to win the people

Though the Kyaukphyu area is set for large-scale investments, it is in Rakhine State, which is also home to some of the country’s poorest communities. Kyaukphyu hopes to become a hub for the oil and gas industry and is to be home to one of Myanmar’s three Special Economic Zones – yet local residents risk […]

EU Aims to Strengthen Myanmar’s Garment Sector

The European Union (EU) will provide up to €2 million in funding to promote CSR (Corporate Social Responsibility) activities of Myanmar’s garment industry. “The support will be provided in collaboration with UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry) while we will make sure the funds are not used for purposes that […]

CSR as a strategy

Myanmar demands socially responsible practices from both local and international companies There is a growing consensus among foreign investors about making corporate social responsibility (CSR) a strategic tool to enter the market. That would be the right approach given that Myanmar authorities are pushing all companies operating in the country to share their benefits with […]

US says Kerry broke no sanctions on Myanmar hotel

The United States said Tuesday that Secretary of State John Kerry technically abided his own government’s laws after he stayed in Myanmar at a hotel owned by a sanctioned tycoon. Myanmar, the host of talks this week among Southeast Asian foreign ministers in its showcase capital Naypyidaw, put up Kerry and his entourage at the […]

U.S. Companies in Myanmar: Doing Business Responsibly

The U.S. Government supports efforts to set a high standard for responsible business conduct in Myanmar and believes that this will have long-lasting positive impacts for both U.S. business and the Burmese people. Through the U.S. Responsible Investment Reporting Requirements, U.S. companies making significant investments in Myanmar must be fully transparent about payments made to […]

Chevrolet opens new centre in Myanmar

Chevrolet has opened a Brand Experience Centre and is launching a three-tier corporate social responsibility (CSR) campaign as part of its unique entry strategy in its newest market of Myanmar. Chevrolet earlier announced that it would enter that country by appointing Pacific Alpine Myanmar as its exclusive distributor. Pacific Alpine Myanmar plans to establish a […]