Chamber backs SMEs to embrace digital technology

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]

Myanmar’s manufacturing growth loses momentum in May

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, fell to 52.6 in May from April’s series-record high of 55.5. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The reading was still above the average for 2017 as a whole. “The overall growth performance was hampered […]

Dutch feed group confident about growth opportunities in Myanmar

De Heus opened its second production site in Myanmar today. The manufacturer said the new factory is about helping the group to strengthen its market position in that country and helping to professionalize agriculture in the region. The facility, located near Mandalay, the country’s second city, has an annual production capacity of 280000 MT, said […]

India explores “cheap power” sales to neighbours

India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term basis and wants state utility NTPCBSE -0.92 % to expand overseas, its power minister said on Tuesday. Indian companies such as Reliance PowerBSE 1.98 % Ltd and Adani Power Ltd have already signed agreements to supply power to Bangladesh, […]

Nok Air kicks off new Mae Sot-Yangon route

TAK: Nok Air launched its maiden flight from Mae Sot to Yangon on Sunday to link the bustling border district with the commercial capital of Myanmar. The first flight left Mae Sot airport at 11.40am on a one-hour journey to Yangon international airport, with Thai businessmen, tourists and Myanmar passengers on board. The budget airline […]

Citizens working overseas expected to boost demand for condo market

Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state. “It’s the first Shwe Property Expo catered to the Myanmar people working in Singapore. “Currently we have already over 1,350 registered visitors who are all […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Myanmar Imports Thai Shrimp as Local Breeders Struggle to Meet Demand

Shrimp and prawn is being imported from Thailand as production from local shrimp breeders struggles to keep pace with domes­tic demand, U Kyaw Tun Myint, Chairman of the Myanmar Shrimp Asso­ciation, said. “Local supply can’t meet the local consumption rate. Myanmar is losing its market share because of unsuccessful shrimp breeding businesses,” U Kyaw Tun […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]