Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Development waves hit Myanmar’s regional cities

YANGON — Large mixed-use projects are under construction in Mandalay and other regional cities across Myanmar as developers broaden their focus outside of Yangon, the country’s largest city. Local real estate giant New Star Light Construction is slated to complete a commercial-residential complex in Mandalay this year, the biggest in the nation’s second-largest city. The […]

Rural Myanmar Spells Opportunity for Retailers

​​ TOKYO Myanmar is projected to post the fastest growth of any emerging Asian economy in 2017. Yet in many respects, its consumer market is still underdeveloped. This presents a golden chance for the country’s largest retailer to extend its reach, according to the company’s top executive. “If we look at the distribution of basic commodities, […]

Myanmar Business Leaders Bullish on Future Under Suu Kyi-

TOKYO — Business leaders in Myanmar are confident in the country’s future under the National League for Democracy government headed by de facto leader Aung San Suu Kyi, although they say improvements in infrastructure and the banking sector are needed to assure growth. Speaking at a Myanmar economic forum sponsored by Nikkei Inc. in Tokyo on […]

Head of Myanmar’s City Mart eyes aggressive expansion, doubling outlets by 2020

YANGON — City Mart Holding, Myanmar’s largest retailer, is planning to expand aggressively as competition intensifies with the entry of foreign players into the domestic market. Win Win Tint, City Mart Holding’s managing director, revealed its plan to double the number of outlets of the flagship supermarket by 2020. The company also plans to enter e-commerce next […]

Eyes On Myanmar: Aeon, City Mart And Grab & Go

As Myanmar’s new government accelerates its efforts to open up the country’s economy, it is attracting international brands and retailers. An expanding economy, rising incomes and the new middle class are fueling the growth of modern retail in the country. Aeon store debuted in Yangon Aeon, the first foreign entity to operate retail stores in the […]

Aeon brings Japanese sensibilities to Myanmar food shopping

YANGON — Japanese supermarket giant Aeon has become the first foreign retailer to enter Myanmar since the 2011 transition to civilian rule, a development that could herald change in a retail industry still dominated by traditional markets. Aeon signage, a familiar sight to Japanese consumers, made its Myanmar debut Friday in a largely middle-class area along a major […]

Cranes stand idle as Myanmar businesses bemoan economic policy drift

Aung San Suu Kyi’s ruling party will offer a glimpse of its plans for Myanmar’s economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy’s (NLD) emphatic triumph […]

KOICA signs for Dala and Bago master plans

Korea International Cooperation Agency (KOICA) has signed with the Ministry of Construction for several ambitious projects – including master plans for the north and south of Yangon and designing a national road network. The South Korean government’s grant aid arm recently signed with the minister to prepare two regional development plans, said chief Myanmar representative […]

Retailers brace for competition

MYANMAR RETAILERS, riding on an economic boost, anticipate fiercer competition from foreign players once restrictions are lifted. Win Win Tint, president of Myanmar Retailers Association and managing director of City Mart Holdings, said that Myanmar may allow the entry of international retail chains in the near future, driven by local demands. “New retail channels such […]