Myanmar Exports More than 900,000 Tonnes of Rice and Broken Rice to December

​​ Myanmar has exported more than 900,000 tons of rice and broken rice for the year until the end of December, reported the Ministry of Commerce. “We already exported more than 900,000 tons of rice and broken rice. It is a good sign for the country,” Yan Naing Tun, the director-general of the Trade Department […]

Golf industry in Myanmar Ready to Tee Off

​​ YANGON: When the Han brothers left Myanmar more than 35 years ago, their pursuit of professional golfing careers was an almost unknown concept in their homeland. Chan Han recalls telling his uncles and aunties his plan to move overseas and start taking the game he loved seriously. “They told me: ‘You went to college, […]

The Companies Working To Serve Myanmar’s Unbanked Citizens

As fintech startups gain prominence across Southeast Asia, Yangon is poised to become a hub for the budding industry. At least, that’s how Red Dot Myanmar founder John Nagle sees it. The Irish entrepreneur arrived in Myanmar four years ago, drawn by the many opportunities in the country’s financial space. Myanmar’s economy opened to foreign […]

Singaporean Institute Surveys Family-Based Firms in Burma

RANGOON — Singapore Management University’s (SMU) Business Families Institute and consultant company Deloitte have been working together on the first survey of family business in Burma. The KBZ Group of Companies was the first of four businesses to be studied in connection with the research initiative. Titled “Paving a Way for a New Generation: A […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

VPower Launches HK$1.94 bn IPO to Fund Expansion into Emerging Markets

Hong Kong generator and engines firm aims to target supply-short countries in Africa and Middle East VPower Group, which generates electricity from natural gas and diesel-based engines in regions of China and Southeast Asia short of energy supply, aims to raise HK$1.94 billion via an initial public offering to fund further expansion, particularly emerging markets […]

Swedish Court rules Against Importer of Myanmar Timber

Sweden has prosecuted an importer and trader of Myanmar teak under an European Union rule that bans placing illegal or high-risk wood on the EU market, according to information from the NGO Environmental Investigation Agency (EIA). An EIA statement yesterday announced that a Swedish Forest Agency investigation found Almtra Nordic could not demonstrate who had […]

About 100,000 tonnes of pulses to be sold to India under G to G agreement

About 100,000 tonnes of pulses will be sold to India per year under a government-to-government (G to G) agreement, according to the Commerce Ministry. Preparations to sign a bilateral Memorandum of Understanding (MoU) about the export of pulses are being made. The Myanmar Pulses, Beans and Sesame Seed Merchants’ Association will cooperate with the Commerce […]

How Long can Vietnam’s IT Industry Thrive on Low-Cost Labor?

Vietnamese engineers are now earning much less than their peers with similar skill sets in the region. Vietnam’s information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking […]

VTTI Looking to Invest in Oil Storage in Southeast Asia

SINGAPORE VTTI, the storage arm of the world’s largest independent oil trader Vitol [VITOLV.UL], is scouting for investment opportunities in Southeast Asia to cater to the region’s rising demand for tank space, the head of its Asia business unit said. The oil industry has absorbed at least 2 million cubic meters, about 12.6 million barrels, […]