Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

Business Chiefs Call for Kyat Support

​​ The Federation of Chambers of Commerce and Industry (UMFCCI) has advised the government on how to stabilise the currency. The trade body’s statement covers the inflow of foreign currencies, how to increase demand for the kyat, the export-import sector and long-term plans. The statement said the dollar’s appreciation was due to an unbalance between […]

Rural Myanmar Spells Opportunity for Retailers

​​ TOKYO Myanmar is projected to post the fastest growth of any emerging Asian economy in 2017. Yet in many respects, its consumer market is still underdeveloped. This presents a golden chance for the country’s largest retailer to extend its reach, according to the company’s top executive. “If we look at the distribution of basic commodities, […]

Myanmar ‘Must Review Energy Policies’

​​ WITH two-third of the population lacking access to the national grid, Myanmar needs to find the most suitable energy policies for domestic consumption, according to civil society organisations. A total of 422 CSOs signed a statement that called a halt to coal plants and mega dams at the end of the recent Myanmar Green […]

Myanmar’s Rickety Railways Poised for a Revamp

​​ YANGON — As they pass Insein Station, a farmer and her fellow workers drag five huge bundles of vegetables to the front aisle of a railway car on the notoriously inefficient Yangon Circular Railway Line, forcing passengers to climb over the fresh produce if they want to enter or leave the carriage. The group […]

Ministry Declines ADB Infrastructure Loans

​​ As lawmakers last week questioned the government’s reliance on foreign loans, the tourism ministry decided to decline US$45 million offered by the Asian Development Bank. The loans and the ministry’s goals were at cross purposes, according to U Yee Mon, who serves as permanent secretary of hotels at the Ministry of Hotels and Tourism. The […]

Millcon Thiha GEL Foresees Advantages in Being Steel First-Comer in Myanmar

MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being […]

Burma’s Electricity Demand Predicted to Nearly Double By 2020

RANGOON — Demand for electricity consumption in Burma could double over the next four years, the Asian Development Bank (ADB) and government officials have predicted. Electricity consumption throughout Burma is limited to 2,500 megawatts per day, while total production is 4,500 megawatts from both hydropower and thermal power production. The commercial capital of Rangoon accounts […]

Playing PPP Catch-up

Public-private partnerships (PPPs) have been used as a mechanism to build and upgrade infrastructure in the developing countries of Southeast Asia for several decades. However, PPPs are relatively new to Myanmar. The country is lagging behind the other ASEAN member states, and its development needs are enormous. Myanmar can benefit from PPPs for both hard […]

Transforming Myanmar’s corporate landscape – Aung Naing Oo and Winfried Wicklein

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]