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Interest in retail, wholesale sector continues unabated

Two years after the Myanmar Investment Commission’s announcement, the Ministry of Commerce (MOC) has permitted nine wholly foreign retail and wholesale providers to operate in the country. These include investors from Japan, Thailand, US, Singapore, and the Netherlands. The nine non-Myanmar companies are able to secure a green light from the authorities since the government […]

Japan retailer Aeon opens hypermarket in Thanlyin

Japanese retail giant Aeon Co opened a hypermarket in Thanlyin township, Yangon Region, on Friday, seeking to cash in on the growing retail sector in Myanmar’s emerging economy. The Aeon Orange Thanlyin Sakura opened in the country’s commercial capital, selling home electronics, clothing and other household products in addition to the food already offered at […]

Survey finds 37% of families can’t afford health emergency

More than 35 percent of Myanmar households are not ready to shell out K200,000 (US$130) for emergency health care, according to Asia Foundation’s City Life Survey 2018. The foundation conducted the survey of 2414 people in 228 wards of Yangon, Mandalay, Monywa, Taunggyi and Mawlamyine cities from September to October 2018. It said that up […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Myanmar allows full foreign ownership in retail and wholesale

YANGON — Foreign companies are now allowed to invest in Myanmar’s retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Bengali refugee crisis. The Ministry of Commerce announced the change on Friday, explaining that it wants to increase competition in the sectors and promote price stability […]

Japanese retail giant Aeon to branch out to Myanmar

YANGON, Feb. 24 (Xinhua) — Aeon, Japan’s biggest supermarket chain, will branch out to Myanmar as the first major Japanese retailer in the country, sources said Monday. The project calls for setting up a representative’s office in Yangon in March to lay the groundwork for launching a shopping mall in the country’s former capital and […]