Local retailers balk at foreign competition as economy slows

While opening up the domestic retail and wholesale sector to foreign ownership has succeeded in generating rising investor interest, local concerns over the move by the Ministry of Commerce (MOC) have also grown. Chief among those concerns is foreign competition. In fact, local retailers say there should be restrictions placed on foreign firms that directly […]

Myanma Awba opens new agrochemical production complex in Yangon

Myanma Awba Group, Myanmar’s largest manufacturer and distributor of agricultural technology, launched Myanmar’s first private agrochemical production complex in Yangon Region on August 19. The US$35 million Hmawbi Agricultural Input Complex (HAIC) is located near Wa Nat Kyaung Village in Hmawbi Township, occupying 126 acres of land. Myanma Awba is providing up to $25 million […]

Myanmar’s Yoma to debut in baht

SINGAPORE, May 14 (IFR) – Yoma Strategic Holdings is poised to become the first company from Myanmar to sell bonds with a baht-denominated offering that underlines Thailand’s appeal as a regional funding hub. “Yoma will be the first Myanmar entity to tap the Thai bond market, and they will come before the sovereign, which is […]

Oway Group receives private equity to expand in competitive taxi market

Oway Group last week received $7 million in fresh funds from Mekong-focused private equity firm Belt Road Capital Management (BRCM), which is headquartered in Cambodia. The online travel service provider, which is founded by local entrepreneur Nay Aung, operates the mobile taxi-hailing service Oway Ride as well as oway.com.mm, Myanmar’s largest online travel portal. The […]

Sales for The Peninsula Residences Yangon announced

Yoma Strategic Holdings Ltd. along with its partners, First Myanmar Investment Company Limited and The Hong Kong and Shanghai Hotels, Limited (HSH) have jointly announced the launch of sales for The Peninsula Residences Yangon, according to a press release. Located in the historic heart of downtown Yangon , at the point where Sule Pagoda Road […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Anthem Asia raises US$40 to US$50 million for Myanmar SME Venture Fund

Private equity firm Anthem Asia announced recently that it is raising US$40 to US$50 million for its Myanmar SME Venture Fund to support the national and regional expansion of local businesses. Their investment will focus on small and medium enterprises, agribusiness, affordable housing, health, education, as well as climate change mitigation and adaptation. This will […]

Myanmar power plans could spare the Salween

Myanmar and Thailand have announced plans for major gas power projects, as well as greater moves to adopt renewable energy sources. The news will cheer conservationists battling to prevent large dams being built on major rivers in the north of Myanmar. Myanmar’s Aung San Suu Kyi-led government aims to tackle the country’s chronic power shortage […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]

Myanmar’s Solar Lifeline

It is easy to forget how small changes can sometimes reap the most dramatic benefits. Take the humble fridge. What was once a marvel of technological prowess, has become standard fare. To many in the western world, that is. To those living off the beaten track, off the grid, up in the dusty red Burmese […]