Aeon’s Myanmar bid highlights supermarket uncertainty

Japanese retail giant Aeon’s ambitions in Myanmar’s lucrative retail sector have highlighted uncertainty about what foreign firms are allowed to do as far as trading is concerned, with local industry heads calling for more clarity and a level playing field for domestic and international players. Aeon has provided most of the US$8.1 million in capital […]

Despite Limited Scope, Foreign Alcohol Flux Sends Shivers Through Industry

After a quiet campaign against reselling imported foreign alcohol, the government announced an easing of restrictions from the new fiscal year, which starts in April. However, there is still a great deal of uncertainty over the future of the foreign alcohol in Myanmar. Foreign liquor is still unavailable at supermarkets. The country’s leading chain CityMart […]

Government Gives Green Light for Wine Imports

RANGOON — Domestic companies can apply for wine import licenses as of Wednesday, the Ministry of Commerce has announced, nearly one month after a major retail association stopped selling foreign alcohol demanding swift reforms. Commerce Ministry deputy director general Yan Naing Tun told The Irrawaddy on Thursday that relevant authorities are collaborating to streamline Burma’s […]

Liquor drought before wine plan

The foreign liquor drought has continued for weeks since a late February move by some retailers to pull booze off the shelves, after promises of legalised imports did not materialise. Officials from the Myanmar Retailers Association head office in Yangon said they remain hopeful the government will pursue an explicit policy on alcohol imports that […]

Soaring rent is squeezing out retailers in Yangon

Retail space rents are increasing as much as 50 percent year-on-year, squeezing not only small and medium enterprises, but also big business, out of profitable areas in Yangon, local businesses and experts said last week. A fruit vender sorts through stock at his Yangon shop. Local shopkeepers admit they are in danger of losing their […]

Retail sector needs better loans to modernise, say industry sources

Retail shops and supermarkets are growing in popularity, but owners of traditional shops need capital to modernise, retailers said last week. “We can say that modern retail shops are becoming more common in Myanmar, even though they are still not that many in number,” said Daw Wai Thit Lwin, managing director of abc Convenience Stores, […]

Myanmar retail rental rising

The rising price of rent for Yangon’s street-level shops is being driven by an influx of potential tenants, with some locations demanding six-fold increases from two years ago, store owners say. They said that rapidly rising rental costs are eating into their profits, but constant demand for prime locations is expected to keep commercial rents […]