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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 […]

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 […]

Nationwide survey launched to draft business environment index

The San Francisco-headquartered Asia Foundation (TAF) and the UK-funded DaNa Facility have launched a three-year nationwide program to improve sub-national business environment. The program is funded by the UK Department for International Development (DFID) and implemented by DAI Europe, a London-based international development company. DFID provided £25 million (K43.9 billion) to fund DaNa, which supports […]

Railway Enterprises Bleeding Money, Gov’t Aims to Privatise

Myanma Railways-owned enterprises will be privatised step by step, according to an official from the state-run organisation. “We are unable to make profit in some of our operations. So we will prioritise these for privatisation,” said U Arkar Min, commercial manager of Myanma Railway Division (7). “In order to get into the public-private partnership (PPP) […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]