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KBZ Wins Financial Times Honor for Sixth Year Running

Myanmar’s largest private bank, Kanbawza (KBZ), was named Myanmar Bank of the Year for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. It is the sixth consecutive year the bank has landed the honor, making it the only financial […]

Q&A: Director of ABC Convenience Stores Wai Thit Lwin

The managing director of the ABC convenience store chain Wai Thit Lwin has been a force in Myanmar business since the age of 18. Among her roles are founder of Bella Cosmetics and executive director of TMW Group of Companies, whose portfolio includes hotels and marketing for brands such as Sony and LG. She talks […]

Golden Myanmar Business Exchange Plans $5 Million Data Center

GMBX, which bills itself as Myanmar’s only provider of wholesale infrastructure-as-a-service based on OpenStack, is a joint venture between Yangon-based Golden TMH Telecom Co Ltd (GTMH) and Golden 11 Investment International. The company already operates a data center in East Dagon with a current capacity of 100 racks, which could be expanded to about 400 racks, according to Kyaw Naing, […]

Belt and Road shields Myanmar from Beijing’s capital crackdown

BEIJING’S recent crackdown on outbound investments does not affect Myanmar because of its involvement in the Belt and Road Initiative (BRI). The sectors targeted by the restriction do not concern investment projects here, which are mostly infrastructure and energy-related. The Chinese government is blacklisting businesses which violate foreign investment rules as part of a broader […]

Investor-Friendly Environment and Human Capital Essential for Myanmar’s Success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]

MEHL to Sell Mandalay Brewery to Kirin

​​ Japanese brewer Kirin will buy Mandalay Brewery of Myanmar for an estimated several hundred million yen (several million dollars) in its latest effort to strengthen its presence in the Asia-Oceania region, a newspaper said on February 11. Kirin will create a local subsidiary to take over the country’s oldest brewery, based in the northern […]

Australia Wants AIIB to Invest in Coal Power

​​ Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]

Thant Myint-U: ‘The Number One Challenge is De-Isolation’

RANGOON — With a new government still almost six weeks from taking power, The Irrawaddy’s founding editor-in-chief Aung Zaw speaks with author and founder of the Yangon Heritage Trust Thant Myint-U on the country’s challenges and economic outlook, the peace process and relations with China. Following is an edited transcript of a longer interview, which […]

Line’s instant messaging software aims to take on local leader Viber

Instant messaging service Line aims to give Viber a run for its money after launching in Myanmar on March 24. The service is available on iOS and Android, and aims to woo users partly through its in-app innovations such as group chat and a range of emojis, or small graphics that can be interspersed in […]