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Trade War Could be ‘Silver Lining’ for Myanmar

Myanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]

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, […]

Aeon’s Myanmar bid highlights supermarket uncertainty

Japanese retail giant Aeon’s ambitions in Myanmar’s lucrative retail sector have highlighted uncertainty about what foreign firms are allowed to do as far as trading is concerned, with local industry heads calling for more clarity and a level playing field for domestic and international players. Aeon has provided most of the US$8.1 million in capital […]

Rents Hardly ‘Convenient’ for Rangoon’s Corner Stores

Rangoon’s skyrocketing property prices are putting the squeeze on a young convenience store sector that depends on already-thin profit margins as domestic operators try to establish a footing before the expected entrance of more foreign competition. In Rangoon, domestic convenience stores began popping up just two years ago, with City Mart Holdings, Myanmar Indo Best […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]