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Home-grown talent bring digital transformation to Myanmar enterprises

A GROUP of Myanmar whizz kids have set their hearts on becoming an integral part of Myanmar’s digital transformation journey by building up their own venture Nexlabs, a digital consulting firm focused mainly on digital solutions for companies to improve their business performance. Ye Myat Min, co-founder and chief executive of Nexlabs, said in an […]

Myanmar supermarket challenges local markets with fresh produce

Most of Myanmar’s middle class still depends on local markets for fresh fruit and vegetables, but the country’s biggest retailer is trying to change this. Since last year, supermarket operator City Mart Holdings has been offering fresh, direct-from-farm produce after beefing up its cold-transport joint venture with Japanese trading house Sojitz. It also announced in […]

Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Digital consulting firm nexlabs attracts US$150,000 from MSH

London-listed? Myanmar Strategic Holdings Ltd has agreed to make a strategic minority investment in Myanmar-based digital consulting firm, nexlabs, worth a total of US$150,000, the investment holding company said yesterday. MSH said in a statement that nexlabs, under CEO Ye Myat Min, has created and developed digital products and integrated marketing solutions for a wide […]

Food2U raises six-digit investment

Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reported quoting sources familiar with the development. Premium Distribution is known to be backed by City Mart Holdings, Myanmar’s icon in the retail industry. It imports and distributes products including brands […]

International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

VC funding in tech on the rise even as trading on YSX dips

The Myanmar Stock Price Index hit an all-time low at the close of trading last week, closing the second week of the year at 450.14, down by almost 5 percent during the week. Over the period, only shares of Myanmar Thilawa SEZ Holdings (MTSH) were significantly traded. The company released its results for the six […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

HAGL to Open Hypermarket in Yangon

Following the signing of a memorandum of understanding (MoU) with City Mart Holdings on May 30, Vietnamese developer Hoang Anh Gia Lai (HAGL) is planning to set up a hypermarket in its second phase project of HAGL Myanmar under the brand “Ocean Centre”. “Signing this MoU is part of HAGL’s objective to bring perfect convenience […]

Yangon’s First Japanese Food Court Comes to Sule Square

Japanese food enthusiasts, rejoice! The country’s first ‘genuine’ Japanese food court officially opened its doors this week. The new ‘Tokyo Dining City’ is located on the lower floor of Sule Square, right next to Shangri-La. “Japanese food has gained great popularity in Myanmar and there are many Japanese restaurants here. What makes us different from […]