Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Myanmar races to feed a growing Yangon

YANGON/BANGKOK — Rapid urbanization in and around Myanmar’s southern city of Yangon has turned up the pressure to develop goods and services that can meet the rising demand. The gap has provided an opening for companies in one of Southeast Asia’s least-developed countries. Local real estate and construction conglomerate Dagon International set up a modern […]

Clashing with the law, SEZ body to resurrect Dawei megaproject

Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]

Myanmar’s New Gold Mine is Dinosaur Amber

On the discovery of the “Amber hunter” for the discovery of the Jurassic Park-style of the Dinosaurs, through the rocks of precious resin in Myanmar – an attractive business that attracts the paleontologists but in the far north the struggle for decades also fueled. Kachin revolves around the merchants using the Amber Market torch and […]

Warm response seen to ‘Myanmar Insight’ in Bangkok

GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). He said at a press conference yesterday that the event would be held […]

Huawei and partners pave way for Asia-Pacific digitalization

Bangkok – Nearly 300 attendees were present on Huawei’s fourth Asia-Pacific Innovation Day with hopes to explore Asia-Pacific’s future in Digital Infrastructure, Economy and Ecosystem in Siam Kempinski Hotel, Bangkok. Co-hosted by Huawei Technologies and Thailand’s Ministry of Science and Technology, the event was centered on Asia-Pacific region’s efforts into a monumental influx of industry […]

Dutch feed group confident about growth opportunities in Myanmar

De Heus opened its second production site in Myanmar today. The manufacturer said the new factory is about helping the group to strengthen its market position in that country and helping to professionalize agriculture in the region. The facility, located near Mandalay, the country’s second city, has an annual production capacity of 280000 MT, said […]

Bangkok Airways to fly direct between Yangon and Phuket

Thailand’s Bangkok Airways will start direct flights between Yangon and Phuket starting on November 17, Varong Israsena, the Bangkok-based regional airline vice president of sales told The Myanmar Times in Yangon. State-owned Myanmar National Airlines started operating a direct flight between Yangon and Phuket a month ago. “MNA sees the potential and increase in traffic […]

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 […]