De Heus Opens Feed Facility in Myanmar

Dutch feed giant, De Heus, has invested €10m in a new feed plant in Myanmar, in a move it says will bolster its position in Asia. For the past few years, the Dutch group has been exporting feed products to Myanmar from Vietnam, where it already has a strong manufacturing base. The new facility is […]

Government continues to push capital as a tourism destination for event holders

The government has again announced a series of initiatives to help draw tourists to Nay Pyi Taw, including stepping up its efforts to lure foreign travellers looking for a destination to hold events and conferences. Speaking at a press conference in the capital on September 28, on the eve of World Tourism Day, U Tint […]

4 ways to boost e-commerce in Myanmar

e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]

First South Korean Lender Starts Myanmar Ops

Shinhan Bank, South Korea’s fourth-largest bank by assets, has set up a branch in Myanmar as part of its diversification strategy. The bank said it won final approval to start operations in Yangon from the Central Bank of Myanmar on September 15. This marks the first time for a South Korean lender to set up […]

Fish and prawn breeders required to adopt new breeding methods to enhance sector

Businessmen who are engaged in fish and prawn farming should adopt new techniques to enhance the sector, said U Win Kyaing, the general secretary of the Myanmar Fish Federation (MFF). MFF and non-governmental organisations have encouraged fish and prawn breeders to practice new breeding methods and discard the traditional methods. The aquatic resources in Myanmar […]

Myanmar’s 5 growth sectors highlighted

INFRASTRUCTURE, ICT, agriculture and processing, manufacturing and tourism are highlighted as the most attractive sectors for Thai investors looking to establish a presence in Myanmar. At a seminar hosted yesterday by Bangkok Bank, Nattawin Pongpetrarat, vice chairman of the Thai Business Association of Myanmar, said a large number of infrastructure projects ranging from roads to […]

The Trouble With India’s Projects in Myanmar

India has great ambitions for infrastructure construction in Myanmar, but falls short in implementation. Myanmar President Htin Kyaw’s recent visit to India, the first by the head of a civilian government in Myanmar in over five decades, saw the two sides focus on improving connectivity and counterinsurgency cooperation. In addition to reaffirming their commitment to […]

Myanmar agents grapple with slowdown in arrivals – TTG Asia

TRAVEL agents in Myanmar are concerned about flatlining arrival numbers after experiencing a boom in recent years. Figures from the Ministry of Hotels and Tourism reveal foreign arrivals soared from 1.6 million in 2012 to 4.6 million last year, with 5.5 million forecast for this year. However, almost two-thirds of arrivals were day trippers from […]

Myanmar marine tourism gaining luxury reputation

Myanmar’s Mergui archipelago is gaining favour among luxury travelers in the international marketplace, according to a new report from C9 Hotelworks. The region only became accessible to tourists in 1997, at which time the primary tourist target was the diving and sport fishing industry, however, with surging demand from the upscale market segment, 12 approved […]

Myanmar’s Cosmetics Industry Tries to Fend Off Counterfeits, Rampant Illegal Imports

International cosmetics products are widely available in the Myanmar market, but concerns over quality and safety still remain. To learn more about cosmetics products in the market, Myanmar Business Today interviewed U Kyaw Min, chairman of Myanmar Cosmetics Association and president of Shwe Pyi Nan Co Ltd. Myanmar Business Today (MBT): What are Myanmar Cosmetics Association’s […]