More SMEs Tap Myanmar’s Potential

SINGAPORE’s small- and medium-sized enterprises (SMEs) are increasingly seeing the potential of the Myanmar market, with more local companies venturing out into the country. Singapore was the second largest investor in Myanmar as of 2016, with a cumulative investment of US$15.6 billion (S$21.2 billion), according to figures collated by the Myanmar Directorate of Investment and Company Administration […]

Myanmar’s KBZ Bank to Ride Asean Growth Wave

KBZ, MYANMAR’S first bank to have expanded internationally with presence in Singapore, Thailand and Malaysia, is aiming high to grow further in tandem with the growth of Asean, said Nang Lang Kham, the bank’s deputy chief executive officer. She said in an interview that the growth of Asean has been quite fascinating thanks to the […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

30 Thai SMEs seek partners in Myanmar

WITH THE Asean Economic Community opening up the region, representatives of 30 Thai small and medium-sized enterprises visited Myanmar from Monday to Wednesday to seek out local partners. Kitsana Vachekrilas, treasurer of the Thai Chamber of Commerce (TCC) and managing director of Bua Thong Thani Management Co, said in an exclusive interview that all the […]

Inter-Related Challenges for SMEs and Financial Sector

When developing a country’s economy, the success of small and medium-sized enterprises (SMEs) is a vital part and should be a priority for any administration which is keen to maintain prosperity. In order for strong businesses to emerge and compete with other regional enterprises, enterprises will need to grow and develop. For that to happen, […]

Implementation is key: ADB Vice President

​​ Myanmar has tremendous potential for development and the government is on the right track. These are the comments of Stephen Groff, Asian Development Bank’s vice president for East Asia, Southeast Asia and the Pacific. In an exclusive interview at Yangon office on March 7, he discusses importance of implementation, infrastructure investment and meetings with […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Thai Dairy Pioneer Eager to Share Expertise With Myanmar Firms

​​ ALTHOUGH it took nearly 30 years for Thailand’s dairy business to achieve growth, Myanmar has high potential for the industry to grow in less than 15 years, according to Sangchai Chotchuangchutchaval, chief executive officer of Patkol Public Co, which is the pioneer among Thai dairy manufacturers. “In Thailand, at the beginning of the dairy […]

Thai delegation visits Myanmar

Deputy Prime Minister Somkid Jatusripitak is scheduled to lead a Thai delegation to Myanmar on Feb 2-3, seeking to expand bilateral trade and investment as well as border trade. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the delegation will include 40 representatives who will meet Myanmar businesspeople to discuss possible partnership on […]

Dusit Thani Yangon to Bring International Hospitality to Myanmar in 2019

​​ Dusit International has signed a management agreement with Myanmar V-Pile Group to operate the Dusit Thani Yangon. Located just 15 minutes by car from Yangon International Airport, and approximately 20 minutes’ drive from the city’s main tourist attraction, the Shwedagon Pagoda, the new property sits at the heart of land earmarked by the Myanmar […]