Myanmar needs to stub out growing tobacco usage

Myanmar is experiencing tremendous economic growth. With a young, growing population and a liberalised economy, it has been slated as one of 20 ‘markets of the future’ that will offer the most opportunities for consumer goods companies. Tobacco has been identified as one of Myanmar’s top 20 key industries. Its market size is worth an […]

Myanmar’s tourism boom faces manpower challenges

Tourism is booming in Myanmar. Over the past five years, visitors have been pouring into the country, after it shook off its image as a “pariah” state with the establishment of a quasi-civilian government and, for the first time in more than half a century, an administration under new leadership this year. Tourist arrivals surged […]

Digital tech slowly seeping into Myanmar, but still a long way to go

Myanmar is trying to learn the ropes of recent advances in digitization that ease the often frustrating burden of manual, paper-based administrative and business procedures. The country’s first digital customs management system, the Myanmar Automated Cargo Clearance System, was launched on Nov. 15 at the customs offices near the Port of Yangon, the largest trading […]

Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

Forty-six percent of Myanmar employees happy at work: survey

​​ How are things is Myanmar’s workplaces? A survey on workplace happiness with over around 5,000 employees was conducted by the country’s largest employment website, Jobnet.com.mm. The survey resulted that just 46 percent of those who participated in a survey were satisfied in the workplace. The results showed only 5% who responded were dissatisfied in […]

‘Uncut Gem’ Myanmar a Lure for Singapore Businesses

Prime Minister Lee Hsien Loong had announced during his visit to Myanmar in June that citizens from both sides will not need visas to enter each other’s country for visits of up to 30 days. Currently, Singaporeans have to apply and wait for a visa, which costs at least S$35, depending on the purpose of the […]

Myanmar Banks ‘Facing Five Key Challenges’

YANGON – MYANMAR’S HOPE of becoming an investment destination in Asean may fade away if the country fails to address five major challenges in its financial sector, experts said at the launch of a GIZ banking report titled “Myanmar’s Financial Sector: A Challenging Environment for Banks” last week. During a PowerPoint presentation and a panel […]

Mitsubishi Consortium to Build Yangon Complex

TOKYO — A Japanese consortium that includes developer Mitsubishi Estate and trading company Mitsubishi Corp. will build a commercial complex in Yangon in partnership with local developers. The project, in a country often referred to as Asia’s last frontier, includes two office buildings, condominiums and a hotel and services unit on a 4-hectare site in […]

Myanmar Rice Market Encounters Challenges

The Myanmar rice market is being faced with many challenges in its attempt to enter the highly competitive international market. Concerted efforts need to be exerted by all the stakeholders who are engaged in supply chain and the officials concerned to maintain a stable price, to make a profit for those who are participating including […]

Cambodian Garment Workers Urged to Boost Sectors Productivity as Bangladesh & Myanmar Workers are Cheaper

Prime Minister Hun Sen yesterday urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony at the National Technical Training Institute, where he also pointed out […]