Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Canada-Based AGT Foods Begins Myanmar ‘Test Run’ Importing and Exporting Pulses and Rice

​​ One of the world’s largest beans and pulses traders has begun a “test run” in Myanmar after opening a representative office in Yangon in October. Canada-based AGT Foods and Ingredients has set up a small team to source beans and rice for export, and to find buy­ers inside Myanmar for imports, the company’s chairman […]

Global Brands Opt for EU-Backed Factories to Avoid Pitfalls of Controversial Garment Industry

With its clean white surfaces, regulated humidity and glowing fluorescent lights, the quality control division of Bogart Lingerie’s facility in the Hlaing Tharyar industrial zone looks more like a medical laboratory than a garment factory. Inside the Yangon factory, workers sort through bras and underwear fresh from the production lines, checking for any defects before […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

4 ways to boost e-commerce in Myanmar

e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]

CMP garment industry eyes US, Canadian and Russian markets

Myanmar garment factories with Cutting-Making and Packing (CMP) systems plan to expand their markets to America, Canada and Russia, said an official from Myanmar Garments Entrepreneurs’ Association. Myanmar’s main markets currently are Japan, South Korea and the EU Myanmar is making a concerted effort to boost its export products focusing mainly on its garment and […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]

Canada announces $44M for democratic reform in Burma

Canada will provide $44 million to support democratic reform initiatives in Burma as the country transitions into its first civilian government in more than 50 years. Foreign Affairs Minister Stéphane Dion announced the funding via teleconference from Burma on Thursday morning, saying the money will go towards strengthening accountability through data analysis and better government management […]

Lawsgroup’s journey from Hong Kong to Myanmar

Rising Chinese wages force the textile maker to move production but its CEO remains laid-back. Before his death in 1996, the Hong Kong textile tycoon Law Ting-pong handwrote a letter of wishes in which he expressed the hope that “those who are careful at the beginning would also be careful to the end”. Unfortunately, the […]

Overwhelming interest for Yangon Railway Station plot

Yangon – More than 70 local and foreign companies have submitted their expression of interests to develop the land plot surrounding the Yangon Central Railway Station, according to Myanmar Railways. An anonymous source from the tender scrutinising committee said that their bids would be shortlist and the result would be announced in the second week […]