Repats help revitalize Myanmar

The generator will kick in momentarily, and after all, frequent power shortages are just part of life in Myanmar, a country that was still named Burma and was under a military dictatorship in 1988, when Ohn left home to seek a career in the United States. The days of overt military rule are over. He […]

Hotels rush to grab a piece of Myanmar market

YANGON- 300,000 visitors in 2010, one million tourists in 2012, two million last year and most probably three million in 2014. By adding a million foreign visitors, the country is in desperate need for more accommodation for visitors. The Myanmar Investment Commission granted last year permission for about $US2 billion of investment into hotels and […]

US Exim Bank Raises Hopes in Myanmar With Credit Offer

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

Energy Giant Total likely to explore new blocks

French energy giant Total would consider developing new offshore blocks as economic reform continues to take hold in the country, an executive from the firm said. Total is currently awaiting the results for its bid for off-shore blocks submitted in two proposals that would see exploration of deep-water blocks. The results for the widely anticipated […]

Exports to the U.S. top US$11 million this year

Myanmar has exported more than US$ 11 million worth of products, mainly in garments and fishery, to the United States this fiscal year, according to government statistics. The figures show a sizeable increase from US$ 2.81 million earned in exports to the U.S in the same period last year. The United States lifted economic sanction […]

Myanmar’s SMEs Uneasy Ahead of Asean Trade Zone

YANGON — Lamenting high domestic interest rates and Myanmar’s relative inexperience in the competitive global marketplace, small and medium enterprises (SMEs) in Myanmar are wary as 2015 approaches, when implementation of the regional Asean Economic Community (AEC) is expected to drop barriers to trade in Southeast Asia. The government and private sector have collaborated on […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]