Myanmar’s New Struggle: Keeping Foreign Investors Happy

A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]

Inflation lurks over Myanmar’s favorite meal

YANGON — Shan khauk-swe is a noodle dish widely devoured in Myanmar. Many street stalls in Yangon, the largest city, serve the ethnic delight, originally from the northeastern state of Shan. And despite rising prices and foreign fast-food options — Myanmar people still eat it up. A bowl of shan khauk-swe consists of rice noodles […]

KFC to open in Mandalay

Kentucky Fried Chicken’s expansionist designs on Myanmar will forge ahead in 2017, with branches set to open in Mandalay, Yangon and two yet-to-be-announced locations. KFC Myanmar administration director JR Ching told The Myanmar Times that since the first KFC in Yangon opened in July 2015, there are now seven branches in the city. Three more are slated to open […]

Tapping Into Myanmar’s New Taste for Foreign Food

As their nation emerges from decades of isolation, the people of Myanmar are developing appetites for new and foreign things, especially food and drink. Imports of foods and beverages have skyrocketed since 2011, driven by rising incomes, urbanisation and the influence of foreign media. Imported condiments, such as MSG, instant cooking paste, seasoning powders and […]

Myanmar’s best-known business house is joining up with multinationals

THE maroon hot-air balloons which carry tourists over Bagan—an ancient city teeming with crumbling red-brick temples—are famous in Myanmar. The fleet belongs to one of the country’s best-known tycoons. Since the pariah nation began to open up in 2011, Serge Pun has gradually transformed an empire built on property into a conglomerate with interests in […]

Burger King GM talks Myanmar expansion plans

Biting into a Burger King in Myanmar for now requires a passport, with the country’s only restaurant located past customs at Yangon International Airport. But franchise operator Minor Food Group is hoping local appetite will merit many more outlets. Thai firm Minor Food Group (MFG) opened Myanmar’s first Burger King in Terminal 1 on July 1 – […]

Myanmar’s objection may block Thai heritage claim

Overlapping of border cited as reason; Thailand has time until October to resole issue before seeking Unesco recognition for Kaeng Krachan forest. THAILAND FACES an uphill task pushing for inscription of the Kaeng Krachan Forest Complex (KKFC) as a World Heritage site after Myanmar raised concerns over boundary issues, but the Kingdom has until October […]

YOMA leads the field in quality properties in Yangon

  Cyrus Pun is excited about the prospects for his company’s new real estate development in Yangon. As Head of Real Estate and Executive Director of YOMA Strategic Holdings Limited, Cyrus Pun says Myanmar’s real estate market is young. But judging by the quality of the property Lotus Hill that his company is rolling out, […]

Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar. The airport outlet’s launch follows similar bids made by fast-food rivals KFC and Pizza Hut – both Yum! Brands franchises – into the local […]

The Land Rush in Myanmar

After decades of military rule, Myanmar at last has a democratically elected government. Longtime opposition leader Aung San Suu Kyi’s party took charge in March, with her ally Htin Kyaw becoming president and the Nobel laureate herself serving as foreign affairs minister. In response, the U.S. last month announced a partial rollback of economic sanctions […]