Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

CB Bank chair to open industrial zone

The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of migrant workers back to the area. Chair of Co-operative Bank U Khin Maung Aye also chairs the Kaung Myanmar Aung […]

Real Estate Pro: ‘Overall, the Market Has Cooled Down’

Since earlier this year, Rangoon’s formerly dynamic real estate market has seen a striking cool-down in key locations in the city. While many factors have contributed to this economic malaise, Burma’s Nov. 8 general election, which is hoped to be the country’s freest and fairest in decades, has surely played a part. Because of the […]

Saha cancels Myanmar estate

Saha Group, the country’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Myanmar, citing high land prices in the neighbouring country. Chairman Boonsithi Chokwatana said the group decided not to develop its own industrial park on a 1,000-rai plot in Myanmar after studying the project’s potential for a few […]

Slow liftoff for helicopter association as market grows

The Myanmar Helicopter Association was launched last week at the Heliops Myanmar Conference and Exhibition in Yangon, with a view to developing helicopter operations across the country. The newly formed association will be led by U Tin Aye, who aims to take on negotiatons between international companies and the Myanmar government to facilitate development of […]

Startup meets showbiz on reality TV program

Local start-up entrepreneur Ko Min Zeya Phyo didn’t plan on entering the competition which won his company the chance at more than S$2 million. Now the Code2LAB founder – not by nature a PR man – has found himself in a surprising place: in front of the camera. Last year, restaurant management platform provider Code2LAB […]

US Investment Limited, Focused on Energy: MIC

Investors from the United States are most interested in the energy sector among the potential investment options in Myanmar, according to secretary general of the Myanmar Investment Commission (MIC) U Aung Naing Oo. “We have learnt that they want to invest in electricity generation, natural gas extraction as well as the infrastructure and tourism sectors. […]

Yangon Angels could give start-ups wings

The Yangon Angels – investors and entrepreneurs that make up a new, informal funding network based out of Myanmar’s most populous city – refuse to be “Yes” men. At least, that’s what it seemed like after one member, Charles Kathrein of Singapore-based Kathrein Ventures, called the valuations that four start-ups claimed in their investment pitches […]

Myanmar Start Up Guide for E-Entrepreneurs

Harald Friedl tells you all you need to know to set up shop in Myanmar — Asia’s new frontier market Myanmar. The Myanmar Startup Guide is an attempt to describe the emerging startup space in Myanmar. From a closed, military-dominated, bureaucratic environment, Myanmar is very quickly embracing an openness to business, and firms, both large […]

Investors invited for privatization of domestic airports

Following a move to find investors for the privatization of international airports in Myanmar, the floor will be opened up to companies who wish to be involved in domestic airport development, according to the Department of Civil Aviation. U Win Swe Tun, director-general of the department, told Mizzima on October 30, “Upon completion of the […]