Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

Siam Cement sees opportunities along Belt & Road

Thai conglomerate’s CLMV investments will pave way to China and India, CEO says HONG KONG — Thai industrial conglomerate Siam Cement Group will look for investment possibilities in South China and India in the years ahead, as China shapes its vision of the Belt and Road Initiative, President and CEO Roongrote Rangsiyopash said Monday. The […]

Collier Property Report – Yangon Retail Q4 2017

A Focus on Tenant Diversity The retail sector closed 2017 with a high occupancy rate of 95%. Average lease rates continued to grow at a high single digit year-on-year. Growth is seen to continue albeit at a somewhat modest pace. In the meantime, we expect developers to continually improve their offerings. Besides adopting modern global […]

American chamber gets ready for business

The American Chamber of Commerce in Myanmar no longer operates under the auspices of its Thai counterpart and has now scaled up its permanent team in Yangon. AmCham Myanmar, established in October 2013, has more than 170 members, which employ over 6,000 Myanmar nationals in total. It seeks to connect American business in Myanmar by […]

Singaporeans Lap up Novel Shorthaul Destinations in Year of the Dog

Singaporean travellers are taking advantage of the Chinese New Year (CNY) holidays to explore lesser-known destinations, observed travel agents. Bookings for travel during CNY, which falls on February 16 and 17 this year, rose for shorthaul locations that offer adventure and scenic activities. “We do see an increasing interest to explore ‘new’ destinations such as […]

Index Creative Village to go Digital in Myanmar Expansion

CHANGES IN the behaviour of people in Myanmar have driven Index Creative Village Plc to shift its focus from offline to online in a bid to expand its business in the neighbouring country. Kreingkrai Kanjanapokin, founder and group CEO of Index, said in an exclusive interview that the firm would focus on its new lines […]

Myanmar workers may gain from Thai basic wage hike

The Thai tripartite committee, which includes employers, workers and government representatives in Thailand decided on January 17 to add from 5 to 22 baht to the minimum wage, according to the Migrant Workers Rights Network (MWRN) Thursday. “Thailand has no due date for raising salaries. It used to raise wages to reflect the current commodity […]

ASEAN Businesses Boost Investment in Own Backyards

​​ BANGKOK — Business in the Association of Southeast Asian Nations is entering a new phase as regional companies increasingly look to neighboring countries for investment opportunities. Having long been a destination for foreign businesses in search of cheap labor, the bloc is now seeing homegrown companies emerge as players in their own right. After […]

Foreign Correspondents Forced to Jump More Hoops to Get Visas

YANGON — Some foreign journalists have left Myanmar and others are preparing to depart after the government tightened visa regulations following critical coverage of the military’s handling of the unrest in Rakhine State. Several foreign journalists told The Irrawaddy that the visa application process was now much more onerous and even required them to sign […]

Yoma Throws Weight Behind Office Space Demand and Urban Development

A great many metropolises in Asia are defined by their skyscrapers — one only has to think of the Petronas Towers in Kuala Lumpur and Lord Norman Foster’s HSBC headquarters in Hong Kong. But while high-rise building lace the skylines of major Asian cities like Singapore, Jakarta and Bangkok, Yangon stands as an exception. Last month, […]