As Flood Recedes, Vegetables Rise in Price

Transportation disruptions and difficulties caused by floods in Myanmar have reduced the flow of vegetables resulting in hike in prices, according to traders. Since the end of July, the floods in the upper regions of the country have ravaged much of the country’s infrastructure, and vegetable prices have risen. “The main factor is transportation. Flow […]

Aesthetic Reforms: Myanmar Art Market Grows but Roadblocks Remain

With Myanmar opening up, the art industry has been billed as an emerging market, but the potential for growth of the market is marked with uncertainty. In order to keep up with global art trends, there is an urgent need for the development of the copyrights law and arts education, industry insiders say. “The prices […]

Gold Demand ‘Remains High’

Purchasing gold has long been a way for Myanmar people to accrue secure savings, particularly in the absence of an efficient banking system. Today the gold market remains steady in a country with still-limited access to financial services. U Kyaw Win is the secretary of the Myanmar Gold Entrepreneurs Association, senior vice president of the […]

A quiet ride turns tumultuous for forex

The kyat is set to depreciate about 6 percent against the US dollar in 2014, unless there’s another significant change in value before the end of the year. The first three-quarters of the year were quiet for the kyat. Experts say a sudden depreciation begun in October is due not just to the domestic economy […]

SMEs service centres to be opened in border areas

<a href=”” target=”_blank”><img src=””></img></a> YANGON- With the aim for development of small and medium enterprises (SMEs), government will be providing SME centres not only in States and Regions, but also in border areas. “The government is planning to open SME service centres across the nation. We have mainly targeted to open SMEs service centres in […]

Myanmar Creates Buzz, But It’s Not For the Faint Hearted

Some private equity firms are seeking to get in on the ground level as Myanmar’s economy gets on track. Myanmar is creating buzz among private equity investors looking to catch the first wave of deals in the frontier market as it develops its economy after years as a pariah state. U.S. private equity firm TPG […]

Ooredoo’s Myanmar strategy chief looks beyond voice and text

Myanmar may have one of the lowest teledensities in the world, but Nick Swierzy , chief strategy officer for Ooredoo’s Myanmar operation, is confident that advanced services – running over the operator’s all-IP network – will prove popular in a short space of time. Flagging up the likes of mobile health and money services, Swierzy […]

Huge growth potential for Myanmar’s insurance industry

One in 86 people in Myanmar has insurance policies. This means huge growth potential, but not everyone is convinced that the country is ready to open the market to foreign firms. YANGON: Myanmar may only allow foreign insurance firms to operate in the country in 2018. The government had earlier signalled it may open the […]

Stock market to arrive on time, like a Tokyo bus

The Yangon stock exchange will benefit from extensive Japanese support to meet a targeted October 2015 launch, said Daiwa Securities director Shinsuke Goto. Although the Securities and Exchange Law was passed in 2013, Myanmar has not yet set up a Securities and Exchange Commission necessary for licensing the exchange and securities companies, and has not […]

Foreigners prefer stand-alone houses over condos, estate agents say

Foreigners are expressing a preference for renting detached houses rather than condominiums or apartments, as catering to foreign clients becomes a growing market for Myanmar real estate agents. Detached houses are appealing to their foreign clients who are more concerned that the house is well built and well decorated than with how impressive the location […]