Myanmar Global Investment Forum 2018, 11-12 September 2018, Nay Pyi Taw, Myanmar

As the Myanmar economy returns to a more robust rate of growth, domestic and foreign investors continue to evaluating investment opportunities across the industrial landscape. The Myanmar Investment Forum 2018 will offer expert insights into the industries key to the Myanmar economy. With in-depth explorations of the infrastructure, energy, oil and gas, agriculture and tourism […]

FMI terminates investment in Yeni Industrial Town Project

First Myanmar Investment Company (FMI) yesterday announced the termination of its agreement to invest in Asia Golden Glory Development Co, the company involved in developing the Yeni Industrial Town Project. In an announcement filed with the Yangon Stock Exchange, FMI said it had terminated a 2017 agreement for it to acquire a 30 percent stake […]

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 […]

Vietnam’s Viettel announces business strategy for Myanmar operations

Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9. Mytel will focus on the data segment and new digital services, with D-A-T-A being its motto. “[This] stands for D-igital & new services, A-dvanced technology, T-rustworthy, A-ffordable & various services,” the company […]

Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

Visa Profits up on Better Use of Its Credit Cards

Visa Inc beat Wall Street’s quarterly profit expectations when it released financial results on October 25 as more people made payments using its world-wide network, which includes Myanmar. Visa’s payment volumes rose 9.8 percent to $1.93 trillion with the US accounting for about 43 pc of that total. For the quarter ended September 30, net […]

Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float

A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]

Myanmar requires skilled workers

Myanmar is looking for skilled workers in various sectors as it continues to open its doors to foreigners, a business consultant said Tuesday. Myanmar offers opportunities in the civil engineering, electrical engineering, telecommunications, and banking fields, said Andrew Tan, managing director of Yangon-based Consult-Myanmar. “They are looking for skilled people who can add value,” he […]

Microfinance in Myanmar: A Silver Bullet to Stamp out Poverty?

  The passing of the Microfinance Law in 2011 led to a rapid influx of Microfinance Institutions (MFIs) in Myanmar. As of December 2015 there were over 256 MFIs operating in Myanmar, all competing to crack the estimated 33 million unbanked residing here. It is believed informal money lenders charging extortionate interest rates will become […]