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Alex Wicks, Founder and CEO of Kargo on the importance of HR in a growing firm

On the back of its latest round of funding, Alex Wicks, Founder and CEO of Kargo, a Myanmar-based logistics startup, spoke exclusively to Human Resources Online on the importance of HR in a growing firm, the top talent trend in Myanmar, and more. Q As an SME, at what stage did you realise the importance […]

Putting rural folks on wheels

Philippe Lenain, CEO of Rent 2 Own Myanmar, is expecting to double his motorcycle rental business in Myanmar by the end of this year. Beyond that, his aim is to enable more rural people to own their own transportation and farm machinery, which will improve productivity and help raise families out of poverty. Motorcycles are […]

US$800K In Pre-Series A Funding Secured By Kargo, A Myanmar Based Logistics Startup

Led by Singapore- based venture capital fund Cocoon Capital and the participation from two unnamed angel investors, Kargo, a logistics startup based in Myanmar said that it has raised US$800,000 in a pre-Series A funding round. Cocoon Capital’s US$20 million fund raised last year that targets seed stage tech startups in South Asia has much […]

Yoma Strategic to bring Auntie Anne’s Pretzel to Myanmar

First store scheduled to open in Yangon with ambitious expansion planned during the next five years Targeting Myanmar’s growing middle class, Auntie Anne’s™ will sit alongside KFC and Little Sheep Hotpot in Yoma F&B’s expanding franchise portfolio Yangon, 7 November 2018 – Yoma Strategic Holdings Ltd. (“Yoma Strategic”) and Auntie Anne’s™ parent company FOCUS Brands […]

Investment Agency Says Business Donations to Government Officials Violate Graft Code

YANGON — The Directorate of Investment and Company Administration (DICA) announced on Friday that companies and body corporates are not allowed to donate money either directly or indirectly to ministries or regional government departments, citing the Myanmar Companies Law 2017, to prevent corruption between government bodies and private companies. U Aung Naing Oo, director general […]

Mall operator, Thai healthcare group launch Yangon hospital on high demand

Myanmar mall operator Ga Mone Pwint Co has teamed up with Thailand’s Thonburi Healthcare Group to start a new facility, Ar Yu International Hospital, in Yangon, where demand for high quality standards of healthcare is rising fast. The new US$70 million hospital, which will open in mid August, is the first such project in Yangon […]

Rosewood Hotels & Resorts coming to Myanmar in 2018

Prime Residence has appointed Rosewood Hotels & Resorts to manage the Rosewood Yangon, which is scheduled to open in winter 2018. The company established by Kanok Furniture and Decoration of Thailand and Jewellery Luck Group of Myanmar originally planned for Kempinski Hotels to operate the property as the Heritage Hotel Kempinski Yangon., according to a […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

Chinese hotpot chain to arrive in Myanmar by year’s end

YOMA Strategic will launch Myanmar’s first franchise restaurant, Little Sheep, later this year. Little Sheep originated from China’s Inner Mongolia Province in 1999 and now has 300 outlets across 120 regions. A subsidiary of Yum China Holdings, the Baotou-headquartered restaurant chain is renowned for its hotpot broth made from a wide variety of herbs and […]

Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]