Restaurant in Yangon revenues fall

Restaurants in the Yangon Region have seen declines in revenue by as much as 50 percent during the second wave of COVID-19, according to the Myanmar Restaurants Association (MRA). “Although restaurants are still open, they still need to cover costs for labour and shop rental fees. Many have remained open to look after their staff,” […]

Why retaining valuable talent is difficult for Myanmar companies

Businesses in Myanmar face a myriad of challenges, one of which is the lack of skilled employees. That, in turn, is due to limited training and human resource (HR) functions in most firms. But while employers lament the shortage of talent, many are also reluctant to invest in staff development, saying too many employees end […]

Interest high in jet fuel tender

Nearly two dozen private companies submitted expressions of interest letters to join a state-owned firm in a joint venture distributing jet fuel, though authorities plan to restrict the tender to international firms only. The successful firm will partner with state-owned Myanmar Petroleum Products Enterprise (MPPE) to import, sell and distribute jet fuel throughout Myanmar. MPPE […]