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Nay Pyi Taw real estate market seeing growth

As more and more people are moving to Myanmar’s capital Nay Pyi Taw, demand in the real estate market has been growing year by year, says Zayar Real Estate Agency’s managing director U Nanda Kyaw. “As new companies and offices move, there are more and more people who want to buy property to set up […]

Myanmar climbs six spots in world bank ease of doing business ranking

Myanmar moved up six places to 165th on the World Bank’s 2020 ease of doing business ranking in the bank’s latest report, which cites several reforms including creating an easier environment for starting a business and greater protections for minority investors. On Thursday, the World Bank’s latest report on ease of doing business ranked documented […]

South Korean president to visit Myanmar on sept. 3

South Korean President Moon Jae-in and his wife will pay a state visit to Myanmar on Sept. 3 at the invitation of the Myanmar President and First Lady. The visit will be part of Moon’s six-day tour of the region beginning Sept. 1 to build closer ties with Southeast Asian countries. He will first visit […]

News myanmar strategic opens first international school in yangon

Myanmar Strategic Holdings Ltd said the Yangon American International School officially opened on Monday. The developer and manager of consumer businesses said the school is based in Yangon and has a 25,000 square foot campus. Student enrolment for the school has already exceeded 50 students to-date, Myanmar Strategic said. The school will offer an American […]

SMEs need policies tailored for growth to flourish: MRCCI

The Mandalay Region government needs to have specific policies to boost small-and-medium enterprises (SMEs) in order to attract and grow high-skilled jobs. The Mandalay Region Chamber of Commerce and Industry (MRCCI) unveiled the 2019-2022 Mandalay Region Business Agenda last month suggested several initiatives including for taxation, regulations, labour and education that the regional government can […]

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 […]

Myanmar ride-hailer’s CEO looks to raise funds

Oway, Myanmar’s largest online travel and ride-hailing company, is in the market to raise capital to ramp up its expansion across the country. Founded in 2012, Oway started out as an online travel platform and entered the ride-hailing market in 2015. The company has to date raised total funds of $24.7 million from investors including […]

Strong potential for insurance growth, but competition expected to be rife: IKBZ

The insurance industry has come under the spotlight recently with the government announcing in April that five foreign insurers would be allowed to operate wholly-owned units for life insurance in the country. Shortly after, it liberalised further by allowing six joint ventures between local and foreign insurers in both the life and non-life/general segments of […]

Yakult bets on Myanmar market for further growth

Yakult, the Japan-headquartered probiotic drinks maker, has invested in a US$47 million factory in Myanmar’s Thilawa Special Economic Zone. Yakult, which has factories in 39 countries around the world, now wants to expand into Myanmar, said Yakult Myanmar Co Ltd’s managing director Mr Hideki Kawasaki at a press conference at Yakult’s new factory in Thilawa […]

ADB Forecasts Myanmar’s Economy to Resume Growth This Year

YANGON — The Asian Development Bank (ADB) expects Myanmar’s economy to resume growth this year and continue to expand in the next thanks to more foreign investment and a positive response to the government’s economic and policy reforms. The Asian Development Outlook 2019 forecasts Myanmar’s economy to grow by 6.6 percent in 2019 and by […]