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New entrepreneur’s association formed to voice concerns

Myanmar entrepreneurs now have a new platform to voice their concerns and to share knowledge and experience among members with the formation of the Myanmar Entrepreneurs Association (MEA). The MEA was inaugurated on August 22 with U Ko Ko Htwe as the chair of the association, while a number of industry groups including the Myanmar […]

Qatar- Ooredoo empowers Myanmar women to become entrepreneurs

(MENAFN – Gulf Times) Ooredoo Myanmar has honoured Myanmar Women’s Day by celebrating the success of its Village Kiosk programme. As part of this initiative, Ooredoo selects women with basic education levels and offers them an opportunity to run their own village kiosk business, the company has said in a statement. Ooredoo provides the start-up […]

Efforts to curb illegal bottling of water

The government will take action against people and businesses bottling water improperly for sales to the public in Yangon, says U Ye Htut Oo, chair of the Myanmar Drinking Water Entrepreneurs Association. It is difficult to control the prices of bottled across townships in Yangon, as the city’s area is wide and illegally bottled water […]

Myanmar offers tax exemption to entrepreneurs investing in new Yangon city project

YANGON, March 2 (Xinhua) — Myanmar is offering zone-wise tax exemption to entrepreneurs investing in a New Yangon City Project, aimed at attracting more investors to the city expansion project being implemented on lands to the west of Yangon River, according to the Myanmar Investment Commission Saturday. Those investing in Zone-1, which is least developed, […]

Progress for local entrepreneurs, but challenges still exist

Trust and relationship building between investors and entrepreneurs is really important to grow a start up or a business. Daw Thiri Thant Mon, Myanmar representative for the UK’s development finance institution CDC Group said entrepreneurs should see investors as a partner. “Try to ensure win-win situations, good partnerships will help not just finance, access to […]

Tech boom to bring in a new era in Myanmar

THOUGH DIGITAL literacy is still low in Myanmar, people’s eagerness to try new things and their ability to easily adapt to a new environment could generate a technology boom in the country by encouraging young entrepreneurs to establish tech-based companies, say tech experts. Mike Than Tun Win, founder and chief executive of BOD Tech Co […]

Reset capital market, allow foreign competition to unleash growth: leaders

Foreign investor interest in Myanmar appears to be waning at a time when the global economy is losing momentum, if recent data is anything go by. As such, a hard reset of the local capital market is needed to ensure the business environment remains friendly to existing firms and entrepreneurs, as their survival and growth […]

Young Yangon entrepreneurs get business skills boost in Myanmar

Students, entrepreneurs and businesswomen were among the first graduates of an UNCTAD entrepreneurship training course held in Yangon, Myanmar, in partnership with the United Nations Development Programme (UNDP) and international telecommunications company Ooredoo from 15–20 December. The course was a pilot with UNDP to assess the applicability of UNCTAD’s Empretec entrepreneurship training methodology in the […]

Ministries to hold monthly dialogues to improve private economic sector

The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) has submitted that regular dialogues will be organized in respective ministries and sectors on a monthly basis to help improve private economic sector and expedite business transactions, according to the 27th Annual General Meeting of UMFCCI. “It is true that […]

New ministry, ‘single-window’ system to help investors do business

Myanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]