Aeon’s Myanmar debut marks milestone in reform

August 14, 2016 7:00 am JST A new joint venture will take over Orange stores like this one in Yangon. YANGON — The approval of Japanese retailer Aeon to open up shop in Myanmar is a hallmark of the country’s economic reforms, a result of efforts by the new government overseen by Aung San Suu […]

Myanmar to ease restrictions on foreign investors

Reforms to Myanmar’s corporate law would allow foreigners to participate in the Yangon Stock Exchange. YANGON — Myanmar is determined to pass by the end of the year a series of bills designed to ease restrictions on foreign capital as the newly established civilian government steps up efforts to attract outside investment. The government had […]

Cranes stand idle as Myanmar businesses bemoan economic policy drift

Aung San Suu Kyi’s ruling party will offer a glimpse of its plans for Myanmar’s economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy’s (NLD) emphatic triumph […]

Myanmar businesses want policies & directions from government

LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future. There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further […]

IFC helps expand Myanmar’s retail business

Yangon – IFC, a member of the World Bank Group, on Monday signed an agreement to lend US$25 million to Myanmar’s largest retail group, City Mart Holding Company Limited (CMHL), to support its expansion plans, boost the country’s retail sector, and create much-needed jobs along the supply chain. IFC’s funding will help CMHL construct about […]

Retailers brace for competition

MYANMAR RETAILERS, riding on an economic boost, anticipate fiercer competition from foreign players once restrictions are lifted. Win Win Tint, president of Myanmar Retailers Association and managing director of City Mart Holdings, said that Myanmar may allow the entry of international retail chains in the near future, driven by local demands. “New retail channels such […]

Gold rush slows ahead of elections

Bangkok (dpa) – When Myanmar began its political reforms in 2011, firms around the world salivated at the prospect of investing in the resource-rich and largely undeveloped country. But four years later there are signs that the rush to invest is being slowed by dragging market reforms and the country’s turbulent politics. Before 2011, Myanmar’s […]

Daw Win Win Tint – One Myanmar among 50 powerful Asian businesswomen

Win Win Tint is the only Myanmar businesswoman who has made her way on to Forbes Asia’s “Power Businesswomen 2015” list, which consists of 50 women representing a wide range of industries in the region. Win Win Tint, 39, is the managing director of City Mart Holding, a business unit of Pahtama Group, the leading […]

Foreign players still waiting to cash in on corner shop surge

YANGON — Convenience stores have been sprouting up in Myanmar since the junta made way for a civilian government in 2011, replacing roadside mom-and-pop shops. Under military rule, only domestic companies were allowed to operate convenience stores due to a government ban on foreign investment in the distribution sector, apart from some large-scale commercial facilities. […]