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Starbucks extends preparation period for Myanmar investment

Starbucks has been plan­ning to open 20 Starbuck stores using a $6 million investment, and they have an­nounced an extension to their preparation period. “They have extended their preparation period because they are weighing the decision to enter Myanmar. If they de­cide not to invest in Myanmar, they will be required to return the investment […]

Poultry breeders face loan, land difficulties in Mandalay

Poultry breeders in Mandalay are having difficulties in finding land to expand their business as well as in securing loans, a local industry association said. U Kyaw Htin, chair of the Mandalay Region Livestock Breeding Federation, said that while local chicken breeders can compete with neighbouring countries in terms of technological know-how, it is hobbled […]

Japan tops list of foreign investors in Myanmar SEZs

Foreign investments of US$362.28 million flowed into the Special Economic Zones (SEZs), under the Special Economic Zone Law, in the 2018-2019 fiscal year, according to figures released by the Directorate of Investment and Company Administration, Myanmar state media reported. A total of 106 enterprises from 18 countries and four local businesses have ploughed in $1.84 […]

Myanmar investments: another corporate casualty of Myanmar’s ‘harsh realities’

London-listed Myanmar Investments International (MIL), the latest of several foreign investors to turn its back on Myanmar, has blamed its decision to wind up on the impact of the conflict in northern Rakhine, a “complex” political situation and what it calls the slow pace of reform. Although MIL was a relatively small player with a […]

Korean firms flock to ‘Asia’s last frontier’ Myanmar

In line with President Moon Jae-in’s tour of Southeast Asia this week, South Korean business leaders and ranking officials visited Myanmar, the reclusive country bordering China — that is opening up now. Several of them chose to visit Myanmar exclusively –- from Tuesday to Thursday — skipping Moon’s other destinations such as Thailand and Laos. […]

3 businesses with operations in this fast-growing asian country

Myanmar is considered the “final frontier” in Asia — both literally and metaphorically — as it is one of the last countries within Asia to open its doors to foreign investors in recent years. In the last decade or so, countries such as Vietnam, Cambodia, and Laos have opened up to the outside world, and […]

Myanmar plans alternative market to jump-start stock exchange

Myanmar’s securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review has learned. Dubbed the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a […]

Solar power shines in Myanmar

Myanmar’s launch of its first commercial solar plant last month is a step in the right direction for a country that has yet to provide more than half of its citizens with proper access to electricity. Constructed on over 836 acres of land, an area equivalent to almost 530 football fields, the Minbu Solar Power […]

Injecting new life into Yangon Stock Exchange

Move to liberalise trading is likely to spark interest among foreign retail investors resident in the city, but global asset and fund managers may remain cautious. THE Yangon Stock Exchange (YSX) will be the last of the region’s markets to open up to foreign investors. The normally tight-lipped Yangon market regulator announced on July 12 […]

Myanmar bourse seeks shot in the arm from overseas investors

YANGON — Myanmar will let foreign individuals and companies invest in the Yangon Stock Exchange, looking to breathe new life into the nation’s lone bourse. The Southeast Asian country’s Securities and Exchange Commission issued the notice on Friday. Foreign investors will be permitted to hold stakes totaling up to 35% in companies trading in Yangon. […]