Suu Kyi’s dilemma over Myanmar energy mix

YANGON — When Aung San Suu Kyi’s National League for Democracy was swept into power in 2015, economic development was a key priority and the fledgling government’s social and environmental stance seemed tailor-made for foreign investors. But few foresaw the complexity of adhering to core environmental principles while also dragging a long-neglected economy into the […]

New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

Local Entrepreneurs Take Part in Myanmar’s ‘Largest Ever’ StartUp Competition

More than 23 teams from a pool of 100 local entrepreneurs have par­ticipated in the country’s largest ever startup com­petition StartUp Chal­lenge 2017, organised by Yangon-based innovation lab Phandeeyar. Over the 9-day com­petition teams had to learn the “lean-startup” methodology of creating a tech business in one of four categories – Fintech (financial technology), AgTech […]

Planning an MPA system in Myanmar: Interview with Phil Dearden

The Southeast Asian nation of Myanmar officially emerged from military rule and geopolitical isolation in 2011. A civilian government now holds power, and the nation — home to more than 100 ethnic groups — is reopening itself to the world. Part of this reopening is in the realm of marine conservation: the government is partnering […]

Myanmar Business Leaders Fear Election Will Slow Key Reforms

Myanmar’s ministers are trying to reassure foreign businesses that political uncertainty during the election period, which will probably last until March 2016, will not disrupt their investment plans there. So far, businesses remain unconvinced. Many key ministers have stepped down from their posts to contest the country’s November 8 election, which will be the most […]

UPS Expands Myanmar Service Offering

Complete portfolio of express delivery, contract logistics and freight forwarding services help businesses in Myanmar go global UPS® (NYSE:UPS) today announced an expanded portfolio of services in Myanmar, introducing express delivery and contract logistics services that complement the air and ocean freight services launched in August last year. Customers can now leverage a full range […]

KBZ Bank signs loan agreement with Cathay United

Kanbawza (KBZ) Bank and Taiwan-based Cathay United Bank (CUB) have signed an agreement on monetary cooperation to pay out more loans for to help Myanmar businesses expand, according representatives of KBZ Bank. On January 13, Nang Leng Kham, executive director of Kanbawza Bank Ltd and Mr Aaron Hung, general manager of CUB signed the agreement […]

Tourism Development Bank to be founded to support Myanmar’s tourism sector

As Myanmar’s tourism sector has grown with the rapid influx of new tourists in recent years, the need for capital among locals who hope enter the sector has jumped sharply. To respond to this need, the Tourism Development Bank is slated to be opened to support hotels, tourism companies and local businesses, said Tin Tun […]

Office Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Office Market 3Q 2014 Rosy outlook for top-tier office developments As at end of the 3Q 2014, grade A local quality office stock was the same at over 34,000 sq m. However, […]

China tops investor list

China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]