Myanmar economy still forecast to grow despite global recession: IMF

Myanmar is among just 10 percent of the globe projected by the International Monetary Fund to post economic growth this year. The rest of the world is expected to slip into recession. The forecast comes despite the spread of COVID-19 in Myanmar, which has already resulted in the closing of its borders, worsening conflict in […]

Yang Ming to Launch New Southeast Asia Services

According to the latest estimates by the International Monetary Fund (IMF), the GDP growth rates in Myanmar and Philippines are expected to exceed 6% for the upcoming two years. In view of the strong and steady economic growth in both countries, Yang Ming Marine Transport Corp. announces the launch of two new services, SPE service […]

Hunting for value in Bahan

Property prices in Yangon have been trending downwards in recent years. But now that the rules to the 2016 Condominium Law are gradually being implemented and with economic growth projected by the IMF to rise to 6.6 percent in the next fiscal year compared to 6.4pc this year, it could be time to take a […]

Falling kyat may put pressure on foreign debt

The falling value of the Myanmar kyat versus the US dollar could make repaying external debt harder for the government in the coming fiscal year. In 2018-19, it is expected to repay K877 billion out of the $9 billion Myanmar owes to foreign creditors, according to the budget submitted for the period. That amount may […]

Vietnam’s Viettel announces business strategy for Myanmar operations

Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9. Mytel will focus on the data segment and new digital services, with D-A-T-A being its motto. “[This] stands for D-igital & new services, A-dvanced technology, T-rustworthy, A-ffordable & various services,” the company […]

Myanmar risks falling into a China debt trap

To understand China’s top priority in Myanmar, forget Beijing’s involvement in the country’s sputtering peace process, or efforts to restart its backed but now suspended US$3.9 billion Myitsone hydroelectric dam, or even securing rights to extract copper at the locally resisted Letpadaung mine outside of Mandalay. Those are all subordinate interests to what China really […]

Yangon Stock Exchange launched Online Trading System for securities companies

On December 26, 2017, SECM granted the approval for online trading to a handful of securities companies, which passed online trading tests and are ready for the system. The companies are the Myanmar Securities Exchange Center (MSEC), KBZ Stirling Coleman Securities (KBZSC), CB Securities and AYA Trust Securities. They will be ready to offer services […]

Damco Increases its Footprint to Keep Pace With Growth in Myanmar

Damco has increased its warehousing capacity in Myanmar with a new 10,000sq metre facility in Yangon. And in Cambodia, the 3PL has moved to a larger head office, in Phnom Penh, having enjoyed double-digit growth there this year. Officially opened last week, the Damco Myanmar Logistics Center will primarily support the sourcing operations of fashion and […]

How EuroCham Myanmar helps Myanmar’s economy

Filip A. Lauwerysen is the Executive Director at the newly established EuroCham Myanmar (European Chamber of Commerce in Myanmar) since September 2015. Mr Lauwerysen is a Dutchman who graduated from Leiden University in the Netherlands with a Bachelor and Master of Arts in History, specialised in European globalisation (mainly in Asia). Then he also went […]