Myanmar’s mobile revolution

Myanmar has seen massive growth in internet penetration, mobile phone adoption and social media usage in the past few years, spurred by the end of direct military rule and rapid opening up of its market after decades of isolation. The consumer market in Myanmar has essentially bypassed the development stages seen in other economies and […]

Thai banks step up push for licences in Myanmar

ALL FOUR THAI banks in Myanmar are intensifying their efforts to secure banking licences in the belief that opening up of the industry will proceed despite opposition for local players. Representatives of Kasikornbank (KBank) and Krungthai Bank (KTB) recently joined conferences in Yangon, speaking their minds on what their banks have to offer to the […]

Thai banks line up for licences in Myanmar

The banking industry in Myanmar is a key strategic destination for Thai commercial banks as they plan for Asean integration after the Myanmar authority allows foreign banks to apply for operating licences there.  Myanmar’s central bank said 42 foreign financial institutions with representative offices there applied for its restricted banking licences. The four largest Thai […]

Right local partner key for Thai SMEs looking to Myanmar

Thai small and medium-sized enterprises looking to establish a footprint in Myanmar should find the right local distribution partners, and their products should not be dependent on the country’s currently underdeveloped infrastructure, according to experts in doing business there. Speaking at the second session of the “Thailand-Myanmar Trade Investment Relations in the Age of AEC” […]

Strategic Approach to Investing in Myanmar’s Power Market

Foreign companies are set to play a big role in helping develop Myanmar’s inadequate power generating capacity. Only 26% of Myanmar’s populace has access to electricity, and a lack of reliable supply is a stumbling block for business. Indeed, many international manufacturers that had been enthusiastic about entering Myanmar have already been stymied by the […]