Yangon Stock Exchange weak on corporate governance rules: observers

While globally an initial public offering usually means throwing the doors to your company wide open and letting investors poke around, industry observers say the Yangon bourse has not gone far enough on provisions for transparency. According to listing criteria published in state media last August, companies that wish to go public on Yangon’s stock […]

More to be done to boost local financial sector

Myanmar is yet to further strengthen local financial institutions given the low number of bank accounts held by its citizens as well as limited lending to small and medium-sized enterprises (SMEs), said a German expert. “Currently, Myanmar’s financial sector has too few depositors. The majority of people have no significant role in the sector. The […]

Flavoured life for expats in Myanmar

Some foreigners may be fretting about living in Myanmar. Being one of the poorest countries in the world and having just reopened to the world a few years ago, the country was believed to be in a terrible state. Three expats interviewed by Myanmar Eleven, however, think differently. They have a high opinion of the […]

Myanmar health care spending lifts logistics market

Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers. The medical devices market in Myanmar is anticipated to grow threefold by 2020, and eight out of 10 Myanmar consumers […]

Singapore Consortium Wins $2.5-m Kyaukphyu SEZ Consultancy Deal

Singapore-based consortium Creative Professional Groups (CPG) has won a tender bid to get selected as the consultant firm for the Kyaukphyu Special Economic Zone (SEZ) in Myanmar’s southeastern Rakhine state. CPG came out on top out of a total 17 companies that bid for the tender worth $2.5 million, while Netherland-based KPMG was selected as […]

Singapore-Led Consortium CPG Wins Kyaukphyu SEZ Consulting Tender

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON — The Myanmar government has chosen a group of companies led by Singapore’s CPG Corporation to do consultancy work for the massive Kyaukphyu Special Economic Zone project. During a press conference Monday, a consortium of five companies […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]

Award of major airport contracts offers new clues about Thein Sein government’s approach to doing business.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon’s still-sleepy international airport has grown increasingly busy amid a growing tourist trade, a flood of Western diplomats and NGOs re-establishing themselves in Myanmar, and planeloads of corporate executives coming to see whether all the changes are real. […]