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Davos 2018: China’s economic shift and implications for Myanmar

Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan AS the fight against poverty takes centre stage in Beijing’s economic policy, Yunnan and Myanmar will remain a priority for Chinese investment, while China’s fast-growing middle-income population, especially those in the southwest, presents a crucial market for Myanmar’s growth-oriented businesses as well […]

Mon State Expects Fresh FDI Next Year

Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company. While no new foreign investors have come to Mon since the present government took over during the 2016-17 fiscal year, the local government expects things to improve in the coming year. […]

What do Local and International Businesses Make of The Belt and Road?

Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development. Some urged Myanmar to be more proactive in navigating its involvement in the scheme. Many emphasised the importance of transparency, public engagement and adhering to international practices. But some have also expressed reservation and scepticism against China’s ambitious […]

Investor-Friendly Environment and Human Capital Essential for Myanmar’s Success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]

Yangon takes legal action against nearly 30,000 vehicles

The Yangon region government took legal action against nearly 30,000 vehicles which are parked on public roads for long periods, it is learnt. As the number of cars in Yangon increased and parking became scarce, there were many quarrels over parking. Some companies and shops are taking up many of the parking spots on public […]

‘Myanmar Banker Leadership Program’ launched

Siam Commercial Bank (SCB), in collaboration with Myanmar Banks Association and Thammasat University, launches SCB Bankers Academy “Myanmar Banker Leadership Program”, the first program exclusively developed for Myanmar banking executives, according to a press release. To foster talent in the banking industry, the program is specially tailored for Myanmar banking executives to build skills and […]

Agribusiness potential for Cambodia, Mongolia and Myanmar

Double digit GDP growth rates, plenty of farm land and strategically located in Asia. This is why Cambodia, Mongolia, Myanmar are considered emerging markets with huge potential for agribusiness and feed production. Vietnam is considered as one of the fastest growing and most potential Asian countries, as far as livestock numbers and feed production is […]

Ichitan Group launches T247 energy drink

The company plans to begin its marketing activities in Myanmar this August. It has already made moves into Cambodia, Laos and Vietnam. Its joint venture in Indonesia has started to see high sales, totalling 2 million cases in the first five months, against its initial target of 3 million cases for the whole of 2017. […]

Vietnam beauty industry targets Cambodia, Myanmar

There is significant opportunity for Vietnamese firms to invest in the beauty sector in Cambodia and Myanmar as well as export beauty products to the two markets, participants at an HCM City conference said on Thursday. Leong Ann Suan Jeremy, the editorial director of Beauty Cosmedica magazine, told the road show to introduce Beauty Connect […]

Parkland projects suspended pending plan

Yangon Mayor U Maung Maung Soe told the regional parliament yesterday that the YCDC was drafting a master plan and they would only allow projects to be carried out after it is drafted. “Some companies have requested us to draft the master plan as soon as possible. The buildings must be located 30 feet away […]