American chamber gets ready for business

The American Chamber of Commerce in Myanmar no longer operates under the auspices of its Thai counterpart and has now scaled up its permanent team in Yangon. AmCham Myanmar, established in October 2013, has more than 170 members, which employ over 6,000 Myanmar nationals in total. It seeks to connect American business in Myanmar by […]

NLD government to face tougher challenges in 2018

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

French Firm Helps Shan Farmers Turn Poppy to Coffee

NAYPYITAW — A coffee growers cooperative in Shan State and a French roasting company signed a memorandum of understanding on Thursday in Naypyitaw that pledges the roaster to buy from the farmers for five years in a bid to combat opium cultivation in the region. “We’ll pay higher than the market prices. We’ll buy coffee […]

Tussle over Myanmar bank reform puts spotlight on debt pile

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

Singapore’s Pan Pacific opens new hotel in Yangon, remains confident of long term ROI

Wee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with […]

How EuroCham Myanmar helps Myanmar’s economy

Filip A. Lauwerysen is the Executive Director at the newly established EuroCham Myanmar (European Chamber of Commerce in Myanmar) since September 2015. Mr Lauwerysen is a Dutchman who graduated from Leiden University in the Netherlands with a Bachelor and Master of Arts in History, specialised in European globalisation (mainly in Asia). Then he also went […]

Emerging Towns & Cities taps Yoma Bank to offer home loans in Yangon project

EMERGING Towns & Cities Singapore (ETC Singapore) is tying up with Yoma Bank to provide home loans for buyers of its Golden City project in Yangon, Myanmar. Under the strategic partnership, Yoma Bank will offer financing through 15-year home loans for up to 70 per cent of the purchase price, ETC Singapore, a property developer, […]

Strengthening Myanmar’s banking sector is key to economic growth

Central to Myanmar’s economic development is the reform of its finance sector and specifically its banking sector. Banks play a fundamental role in the transformation of market economies. Recently the government has enacted a series of laws intended to reform and strengthen its banking institutions to restore investors’ confidence and to make capital more accessible. […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]