Yangon MPs Call for Crackdown on Shady Foreign Business Operators

The Yangon Region parliament is considering increasing scrutiny on foreign businesspeople who operate illegally. Parliament debated a proposal from MP U Win Maung (NLD; Hlaing Tharyar 1) on October 10 that would have the government take action against foreign operators of illegal businesses. Regional Planning and Finance Minister U Myint Thaung told parliament that such businesspeople will be jailed […]

Illegal foreign-run businesses in Yangon MPs’ crosshairs

Amid much talk of luring outside investment to Myanmar, Yangon Region lawmakers have indicated that they want to see greater scrutiny of foreign operators of illegal businesses in the commercial capital. Regional MPs yesterday approved a proposal to debate cracking down on these foreign entrepreneurs next week. Parliamentarian U Win Maung (NLD; Hlaing Tharyar 1) submitted the […]

Korean firms to be invited to build Yangon-Dala bridge

A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of Construction’s permanent secretary said. U Kyaw Lin said a consulting company will be chosen this month to oversee the tender. “The ministry is choosing a […]

Big car opportunity in tiny Myanmar; can India drive home the advantage?

After half a century of isolation, Myanmar has finally opened up its market. It is a big country with a population of 51 million, strategically located between India, China and Thailand, with GDP growth of 8.7% in 2014—this growth is expected to be in a similar range until 2019. Since the formation of a new […]

BKL continues overseas expansion with Myanmar office

Korean law firm Bae, Kim & Lee (BKL) has opened an office in Yangon, Myanmar, its seventh globally, and its third outside of its home country. The Yangon office will be led by partner Eric Eunyong Yang, who along with fellow partner Yong Geun Bae, joined the firm last year from Yulchon with the aim […]

Korean cars in demand in Mandalay

Mandalay, August 1 – the last week of July reportedly saw a rise in demand for Korean vehicles purchased on credit within Mandalay car trading centers. Korean cars entered the Mandalay market back in 2013, with sale figures so far this year seeing 150 vehicles sold, compared with just 80 vehicles reportedly sold throughout the […]

New joint venture to bring order to Yangon bus chaos

The Yangon Region government is forming a new public-private partnership (PPP) company, as part of a city-wide reform of the chaotic public transport system. Bus line owners are eagerly awaiting the overhaul, but want the authorities to provide infrastructure and financial aid to help them manage the shift. The government set up a public-private sector […]

China’s Higer dominates highway express bus routes

As competition among highway express companies increases, the focus is increasingly on quality and safety. The industry has been transformed over the past few years by the importation of more comfortable buses and a huge change in the expectations of the travelling public, bus line owners say. Six years ago the Greater Man Group started […]

How Korea Is Conquering Myanmar, One Soap Opera at a Time

A Cinderella story of two antagonistic stepsisters and a love story about a woman with amnesia – these soap opera tropes may be South Korea’s ticket for greater influence in the slowly opening Burmese market. According to the Yonhap News Agency, the South Korean Ministry of Culture, Sports and Tourism is teaming up with the […]

Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]