Capital Diamond Star Group receives honour from World Economic Forum

Domestic conglomerate Capital Diamond Star Group (CDSG) is one of the first Myanmar companies to be chosen as a Global Growth Company by the Global Growth Company(WEF), according to David Aikman, head of new champions at the WEF. Firms are selected based on their leadership potential in the global economy, with criteria evaluating the firm’s […]

Oil block tender closes, but waiting game continues

Talk of Myanmar’s burgeoning natural resource industry has been simmering for some time and many of the world’s largest oil and gas firms have been waiting to get a slice of this promised land since trade restrictions were lifted more than a year ago. In April, the Myanmar Oil and Gas Enterprise (MOGE) announced: “potential […]

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, […]

Shwe Mann declares presidential bid

Myanmar’s influential parliamentary speaker Shwe Mann has announced he will run for president in the fast reforming nation in 2015 polls, according to a report, joining opposition leader Aung San Suu Kyi as the only declared candidates so far. Former general Shwe Mann, a key architect of reforms since the end of the junta in […]

President Thein Sein invites investments to industrialize Myanmar

Foreign investments are invited as Myanmar requires capital and technologies to industrialize, President Thein Sein said on Friday’s morning. Thein Sein addressed in a meeting with business leaders around the world in the World Economic Forum on East Asia, at Myanmar International Convention Centre in Nay Pyi Taw. “The country can become prosperous not with […]

In Myanmar, Flirtations by Investors Turn Into Commitments

NAYPYIDAW, Myanmar — Foreign executives who flew into this dirt-poor country over the past year to tap into what is described as Asia’s last major frontier market often came away skeptical, befuddled or outright disappointed. “Look, listen, learn — and leave” was the catch phrase that described trips here by executives who saw first-hand the […]

World Economic Forum – delegates descend on Nay Pyi Taw

More than 900 delegates from 55 countries are set to converge on Nay Pyi Taw this week as the capital plays host to the 22nd World Economic Forum on East Asia. Minister for the President’s Office U Soe Thein speaks at a press conference in Yangon on May 31. (Aung Htay Hlaing/The Myanmar Times) Senior […]

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 […]