Taxi call centre aims to bring cabs to customers’ doorsteps

Yangon will receive its first Taxi Call Centre in June, aiming to increase convenience for clients and reduce down time for drivers, according to company officials. The call centre aims to make smarter use of taxis, many of which spend much of their day stuck in Yangon’s traffic jams, pulling in less than K10,000 a […]

Investors eye Myanmar’s rich potential for rice growing

MYANMAR may go back to being one of the world’s major rice exporters in five to 10 years, as many Thai and foreign investors are looking to expand in rice mills and farms in the country. Thai traders and experts all believe that Myanmar has great potential to become a major rice producer in the […]

Hlaing Tharyar set to shine after bridge opens

After several years of painful traffic jams, the owners of properties in Hlaing Tharyar, across the Yangon River to the north-west, could be poised to reap higher returns on their investments, say real estate agents. The completion of a four-lane bridge across the river in October has slashed travel times to Hlaing Tharyar. “Hlaing Tharyar […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Myanmar Can Double Rice Exports Through Policy Reforms: WB

Myanmar has the potential to more than double its rice exports by implementing policy reforms, a new World Bank report said. In a bid to increase rice exports, Myanmar has to diversify and increase its rice production, open its rice milling sector to direct foreign investments and reduce export procedure costs, thereby alleviating rural poverty, […]

Firms line up for Myanmar opportunity

By Jaspal Bindral (group executive director and CEO Asia, Standard Chartered) As senior decision-makers from around the globe descended on Myanmar’s capital of Naypyidaw for the World Economic Forum on East Asia recently, multinational companies were lining up to explore the huge commercial opportunities in the country. At Standard Chartered, we’re seeing strong, and growing, […]