Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar. The airport outlet’s launch follows similar bids made by fast-food rivals KFC and Pizza Hut – both Yum! Brands franchises – into the local […]

Dealmaking excitement builds over beers in newly opened Myanmar

YANGON (Bloomberg) – A scorching May day in Myanmar calls for beers and loosened neck ties. At newly opened Harry’s Bar in Yangon, investors talk opportunities over draft lagers, jalapeno steak sliders and fries. Several private equity types and company executives are gathered around Ms Jasmine Thazin Aung, an energetic and bubbly Yangon-based executive director at […]

Pastamania launches on Inya Road

Singapore’s Italian food franchise, Pastamania, has officially opened its doors in Yangon – adding more pasta to the menu of foreign food now on offer in the city. The last few years have seen an influx of international competition in Myanmar’s food and beverage industry, from the arrival of American fried chicken giant KFC to […]

The Long Road To Investing in Myanmar

A seminar in Bangkok has been told that while there are opportunities in Myanmar for foreign investors the country lacks the human resources to enable rapid growth, while many of the opportunities that exist are in industries which have profound levels of corruption. The packed to capacity presentation, Myanmar at the Crossroads, part of the […]

More Asian companies keen to expand into Myanmar: UOB

SINGAPORE: One in four Asian enterprises plans to expand into Myanmar this year, following the country’s steps to liberalise its banking sector. This according to United Overseas Bank’s (UOB) latest Asian Enterprise Survey, which polled 1,024 enterprises from China, Hong Kong, Indonesia, Malaysia, Singapore and Thailand. The companies were surveyed on their views on the […]

Siam Cement Using Cash Pile to Grow in Indonesia & Myanmar

Siam Cement, Asia’s biggest cement producer by market value, plans to buy as many as five companies in Southeast Asia as rising incomes boost demand for homes and governments increase spending on infrastructure. Bangkok-based Siam Cement is in talks with companies including a building-materials producer in Vietnam, President Kan Trakulhoon said, without naming them. The […]

Foreign Investors In Myanmar Can Help Lift The Nation Out Of Its Economic and Political Strife

Myanmar is a strange, two-sided coin. On the one hand, the country’s recent inflow of foreign investment and the government’s economic reforms seem to promise great growth for the impoverished Southeast Asian nation; on the other hand, genocides, protests, religious clashes and sectarian violence continue to afflict the country. While it will without a doubt […]