Momolay wants to take on Facebook in Myanmar, bags funding to take a shot at it

Myanmar is not an easy place to do business. Poor infrastructure, a highly unskilled labor pool, and an outdated financial system are only some of the challenges weighing on this once military junta-controlled nation. However, many investors are willing to overlook the negatives for fear of missing out on the vast opportunities Myanmar offers. The […]

‘Phuket of Myanmar’ seeks MIC approval

The US$1.2 billion LuxDream Island project is branded “the next Phuket” and will feature a high-end marina, luxury hotels, a theme park and a casino. The plan may seem incongruous with the serenity of Myanmar’s Myeik Archipelago. But the island dream looks set to become reality, as Singaporean Zochwell Group prepares to sign a Build, […]

Singapore investments soar in Myanmar

SINGAPORE’S investments in Myanmar are soaring, with the amount pumped in by organisations rising 41.5 per cent from 2012 to hit $311.4 million in 2013. Spending has been particularly strong in the areas of urban development, connectivity and finance, said Ms Lai Shu Ying, the South-east Asia director of trade agency International Enterprise (IE) Singapore. […]

Video: Doing business in Myanmar – What you need to know as an entrepeneur from Singapore

The video is divided into 2 parts: Part 1: To download the MP4 video Economic history of Myanmar – how Myanmar ended up where they are, as one of the poorest country in Asia despite its rich natural resources. A simple story of why it is more profitable to invest in Myanmar than […]

Myanmar’s Suu Kyi looks to Singapore as model – minus the materialism

Myanmar opposition leader Aung San Suu Kyi cemented Singapore’s role as a major economic partner and model for her country on a five-day trip to the island, taking home what she said were valuable lessons on education policy and anti-graft measures. But her endorsement of the wealthy city-state came with a caveat – Myanmar could […]