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 […]

US chain Krispy Kreme aims to fill the local doughnut hole

Fried chicken, pizza and now doughnuts – Myanmar’s bellies will soon be fuller with American fare, as famed US doughnut chain Krispy Kreme has revealed plans to roll into the market. The firm announced a development agreement on August 25 with Singapore’s Doughnut Group Pte Limited to bring 10 Krispy Kreme stores to Myanmar in […]

Yangon Rental Costs in the Spotlight After Unicef Outcry

YANGON — Following an outcry over the revelation that the United Nations Children’s Fund (Unicef) is paying a steep rental fee to a former military official, other international organizations operating in Myanmar are facing calls to be transparent about their rental arrangements in Yangon. Last week, Unicef admitted that it pays US$87,000 per month for […]

Oil firms draw most rights complaints

The oil and gas sector continues to draw the most complaints regarding transparency and human rights practices in Myanmar, according to a survey conducted by business watch groups and released last week. Some 47 percent of allegations recorded by the report released from the Business and Human Rights Resource Centre (BHRRC) were addressed at the […]

Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway

Subscribe to our tender alert mailing list Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone. A consortium of consulting firms selected to develop the […]

Thai investment in Myanmar slowing

Thai investment in Myanmar, officially known as Myanmar, is likely to lag behind other countries, from second highest for accumulated value in Myanmar’s direct investment to eighth this year if it keeps investing at the current pace. Despite the steadily increasing clip of Thailand’s foreign direct investment (FDI), the growth is considered relatively low compared […]

ZICOlaw Hosts ASEAN Forum in Yangon

Singapore-based ZICOlaw, a network of independent legal and related professional service providers in the ASEAN region, hosted a forum in Yangon to discuss the impending implementation of the ASEAN Economic Community (AEC) in less than two years. Commentators from across the ASEAN region joined local Myanmar stakeholders to exchange views on the challenges and opportunities […]

Indian engineering exporters set sights on Myanmar

NEW DELHI: Faced with challenges in markets like the US and Europe that have been in the grip of a slowdown, Indian engineering exporters have set sights on Myanmar, a mineral-rich nation which also has abundant natural gas reserves. “While the Westerners are flocking to Myanmar in search of next big thing and investors are […]