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 […]

No Thai banks among 2nd round of Myanmar licensees

YANGON – No Thailand banks were among 13 institutions that answered a call from Myanmar’s central bank for expressions of interest in a second round of foreign bank licensing aimed at further liberalising a sector that was previously off-limits to international players. Eight of the banks listed in an official central bank statement on Feb […]

MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]

FDI poised to flow on Myanmar’s political transition

Myanmar’s landmark November polls, lauded by international observers, may have given pause to foreign investors weighing the market — but the country’s political transition could attract a new rush of attention, according to industry experts. Once isolated under the regime of a military junta, Myanmar has made great strides in development under quasi-civilian rule. The […]

Novoair starts flight to Yangon

Novoair yesterday started an international flight to Yangon in Myanmar. The airline will run three weekly flights between Dhaka and Yangon on Sundays, Tuesdays and Fridays with Embraer ERJ145 aircraft, the carrier said in a statement. The airline will charge Tk 22,222 for a two-way ticket, according to the statement. Novoair is also offering a […]