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Myanmar public companies trail behind private firms in corporate disclosure

Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released on Tuesday. This is the fifth Pwint Thit Sa report (Transparency in Myanmar Enterprises) undertaken by Yangon-based Myanmar Centre for Responsible Business (MCRB) in […]

City Mart and Sandanila Investments launch City Invest Fund

City Mart Holding Co Ltd (CMHL) in conjunction with Sandanila Investments will be launching the City Invest Fund, which will be an investor and partner to small and medium-sized enterprise (SME) food manufacturers. The primary motivation for the fund is to help increase the quality, quantity, and proportion of products made in Myanmar in modern […]

Rise in consumer spending drives City Mart’s digital transformation

THANKS TO THE significant rise in Myanmar’s consumer spending last year, City Mart Holdings Limited (CMHL), the nation’s top retailer, has embarked on virtualising its digital infrastructure in cooperation with VMware Inc, a global enterprise software provider. Arnel Redondo Reyes, head of information technology at CMHL, said at a press conference on Thursday that the […]

Myanmar’s fast-food industry attracts US attention as sanctions ease

US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]