US chain Krispy Kreme aims to fill the local doughnut hole

Fried chicken, pizza and now doughnuts – Myanmar’s bellies will soon be fuller with American fare, as famed US doughnut chain Krispy Kreme has revealed plans to roll into the market. The firm announced a development agreement on August 25 with Singapore’s Doughnut Group Pte Limited to bring 10 Krispy Kreme stores to Myanmar in […]

Yangon Rental Costs in the Spotlight After Unicef Outcry

YANGON — Following an outcry over the revelation that the United Nations Children’s Fund (Unicef) is paying a steep rental fee to a former military official, other international organizations operating in Myanmar are facing calls to be transparent about their rental arrangements in Yangon. Last week, Unicef admitted that it pays US$87,000 per month for […]

Oil firms draw most rights complaints

The oil and gas sector continues to draw the most complaints regarding transparency and human rights practices in Myanmar, according to a survey conducted by business watch groups and released last week. Some 47 percent of allegations recorded by the report released from the Business and Human Rights Resource Centre (BHRRC) were addressed at the […]

Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway

Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone. A consortium of consulting firms selected to develop the master plan and manage the tender process […]

Thai investment in Myanmar slowing

Thai investment in Myanmar, officially known as Myanmar, is likely to lag behind other countries, from second highest for accumulated value in Myanmar’s direct investment to eighth this year if it keeps investing at the current pace. Despite the steadily increasing clip of Thailand’s foreign direct investment (FDI), the growth is considered relatively low compared […]

ZICOlaw Hosts ASEAN Forum in Yangon

Singapore-based ZICOlaw, a network of independent legal and related professional service providers in the ASEAN region, hosted a forum in Yangon to discuss the impending implementation of the ASEAN Economic Community (AEC) in less than two years. Commentators from across the ASEAN region joined local Myanmar stakeholders to exchange views on the challenges and opportunities […]

Indian engineering exporters set sights on Myanmar

NEW DELHI: Faced with challenges in markets like the US and Europe that have been in the grip of a slowdown, Indian engineering exporters have set sights on Myanmar, a mineral-rich nation which also has abundant natural gas reserves. “While the Westerners are flocking to Myanmar in search of next big thing and investors are […]

Myanmar faces big setbacks to implement stock exchange say deputy minister

Myanmar is facing big problems to implement a stock exchange including the need for skilled workers, according to Deputy Minister for Finance and Revenue Maung Maung Thein. The challenge is to have enough employees who have the necessary skills to organise Stock Exchange Commission (SEC), to have building for stock exchange, to have basic infrastructure […]

American Chamber of Commerce to Launch Myanmar Chapter

The American Chamber of Commerce (AMCHAM) will launch a Burma chapter at the end of the month, another signal that businesses from the United States are showing a greater interest in a country that was off-limits to most American investors until-mid 2012. The launch event will take place at Rangoon’s Chatrium Hotel on Oct. 31 […]

Singapore-based construction firm to invest in high-rise building project

Singapore-based Soilbuild Construction Group will offer management and consultancy services in the construction of a 24-storey high-rise building project in Myanmar, according to a spokesperson for the firm. In July this year, the firm signed an agreement to invest in Myanmar’s construction industry. The contract is worth approximately S$ 1.1-1.4 million. The inspections committee for […]