Claims Big Response on Myanmar’s First Black Friday

Local online retailer said it has racked up “unprecedented order numbers and sales figures” without releasing any actual sales figures. The Rocket Internet-backed company claimed it got “as many orders as it does in three months during the Black Friday sale.” The first ever Black Friday sales of Myanmar was launched in partnership with […]

Singapore Windsor Inks Airport Retail Deal with DFS

Singapore Windsor Holdings Limited announced that it has secured an exclusive 10-year supply and merchandising deal with DFS, a Hong Kong-based luxury travel retailer. According to the agreement, in addition to a duty-free store at Naypyitaw International Airport, the group will open additional duty-free outlets at the existing departure and arrival terminal of Yangon International […]

Low risk tolerance investors waiting for results of 2015 election to invest

According to a report by consulting firm New Crossroads Asia – low risk tolerance investors are waiting for the results of the 2015 election before investing in Myanmar. Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) said there was some truth to this. “Reports that foreign companies are waiting […]

Myanmar Rice firms wary of Ministry plans to open up market

“We can’t compete with foreign companies,” said Myanmar Rice Federation’s central executive committee member U Soe Win. “This is not the right time to give them permission to enter the wholesale market. We are just starting to do business openly. Why let them in at this moment?” His comments follow reports that the ministry’s directorate […]

Yangon to get 1670 hotel rooms next year

The shortage of mid-range and high-end hotel rooms in Yangon should ease next year when 1670 new hotel rooms are slated to become available, a Ministry of Hotels and Tourism official said earlier this month. A further 1255 and 2455 rooms are scheduled to open in 2014 and 2015 respectively, U Aung Zaw Win, director […]

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 […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]

Video: Myanmar Investment Opportunities – What you need to know

Learn about the investment opportunities that are revealed by the new legal framework in Myanmar This is the 1st in a 2-part video series on Investing in Myanmar. This video outlines the business opportunities for foreign investors in the Reserved Sector and the Restricted Industry. Discuss about the size of investment required to be successful […]