Yangon Suzuki plant ceases manufacturing as space runs out

Japanese car maker Suzuki Motor Corporation will temporarily close its manufacturing facilities in Yangon from December 1. With initial vehicle registrations suspended since September to avoid physical crowds at the Road Transport Administration Department’s (RTAD) offices, car sales have also stalled, and Suzuki Thilawa Motor Co. Ltd and Suzuki Myanmar Motor Co. Ltd will temporarily […]

COVID-19 brings new investment opportunities in Myanmar, says founder of Ascent Capital

Lim Chong Chong, the founder of Singapore-registered fund management firm Ascent Capital, first visited Myanmar in 2013, when he was working for Singaporean wealth fund Temasek as an associate director. At that time, just two years after the ending of military rule in the country, the internet connection was still a luxury, and mobile users […]

Myanmar shifts to digital platform to control pandemic

COVID-19 will remain in Myanmar for around three to four years and digital technology will be used to facilitate disease control measures, according to the Ministry of Health and Sports. As being even an hour late in treating some patients could result in a high risk of fatality, technology like tele-medicine and email consultations can […]

COVID-19 has allowed us to look at new business models: YGA Capital’s Ko Ko

The National League of Democracy’s resounding victory in Myanmar’s national elections this month, ensuring that Aung San Suu Kyi serves a second five-year term, is set to stimulate stronger investor confidence in the country. While deals are set to pick up in key sectors such as infrastructure, healthcare, and education, the country offers opportunities in […]

Myanmar replies to Japan’s offer for cooperation in Dawei SEZ

Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region, according to the Dawei SEZ Management Committee. An official reply from the Ministry of Foreign Affairs has been sent to Japan. Japan on November 5 offered to invest in the long delayed Dawei SEZ, expected to be Southeast Asia’s […]

Myanmar’s Second Investment Policy Review Urges Further Liberalization

YANGON—Myanmar has published its second investment policy review (IPR), which identifies needed policy reforms—ranging from enhancing responsible investment, establishing special economic zones (SEZs) and strengthening the implementation of environmental impact assessments to fostering secure and well-defined land rights—with the aim of attracting more foreign investment to the country. Supported by the France-based Organization for Economic […]

Finland-backed fund invests in Myanmar microfinance sector

Finnfund, which invests in responsible and profitable businesses in developing countries, has injected US$5.5 million in Early Dawn Microfinance Co Ltd, the third largest microfinance company in Myanmar in terms of client outreach. The financing will support Early Dawn’s expansion in Myanmar’s underserved townships and peri-urban areas. Finnfund gets its funding from the State of […]

All rural areas in Yangon Region to enjoy electricity by December

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> A full percentage of people living in rural areas of Yangon Region will have access to electricity by the end of December this year, said Chief Minister Phyo Min Thein. The chief minister disclosed the information during the inauguration of Gyobyu and Theingon power sub-stations in Taikkyi […]

COVID-19 second wave drives Myanmar business closures to new record

A record number of businesses in Myanmar were shut amid an ongoing second wave of the coronavirus pandemic as lockdown orders since September hit swathes of the economy, according to an Asia Foundation survey published this week. The Foundation interviewed 750 local businesses in different parts of Myanmar between late September and early October, as […]

Myanmar to ship seedless watermelon to Dubai

Myanmar will start exporting seedless watermelon to Dubai market in early December, said U Naing Win, chair of Myanmar Watermelon and Muskmelon Producers and Exporters Association.For the first time, 25 tonnes of Myanmar’s seedless watermelon will be shipped on 6 December, he continued. “Traders from Dubai, UAE ordered 25 tonnes of seedless watermelon. The melons […]