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Progress for local entrepreneurs, but challenges still exist

Trust and relationship building between investors and entrepreneurs is really important to grow a start up or a business. Daw Thiri Thant Mon, Myanmar representative for the UK’s development finance institution CDC Group said entrepreneurs should see investors as a partner. “Try to ensure win-win situations, good partnerships will help not just finance, access to […]

Myanmar to upgrade 3 local airports to receive Chinese tourists

Some local airports will be upgraded to international-standard airports as a part of a slew of projects under China’s Belt and Road (B&R) initiative, according to U Kyaw Win, Union Minister for Planning and Finance. Backed by rising incomes, some 13 million Chinese are travelling abroad yearly but less than half a million came to […]

Myanmar goods seek to penetrate int’l market through Canton Fair

YANGON, Feb. 13 (Xinhua) — Myanmar will seek to penetrate international market through exhibition of its goods at the upcoming 123rd Spring Canton Fair of China, the official Global New Light of Myanmar quoted the Ministry of Commerce as saying Tuesday. “Participating in the trade fair can not only prevent illegal trading but can promote […]

Yangon to get three fish-farming zones

The Fisheries Department will establish three livestock breeding zones for the production of international-standard marine products in three townships in Yangon in 2018-2019 fiscal year, said a department official. The department is working to develop livestock industries in Kayan, Thonegwa and Kwanchangone townships, said Tun Win Myint, director of the Fisheries Department. Some 10,000 acres […]

Myanmar coffee producers lag behind neighbouring countries

YANGON – Despite the fact that Myanmar has many fertile upland areas, the country is not known as a major coffee producer unlike neighbours Laos and nearby Vietnam. In recent years, local entrepreneurs have been exploring new ways to grow and market coffee domestically and abroad, with Ngwe Tun, the founder of Genuis Shan Highlands […]

Forum to help implement business reform

The newly formed Myanmar Business Forum aims to provide a space for local entrepreneurs to meet and discuss business issues with the president. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said that the forum, formed by private entrepreneurs and government bodies, will allow local traders to present reports and will […]

Myanmar Shopping Mall & warehouse invited to invest in hotel services

Subscribe to our tender alert mailing list YANGON—A Myanmar Shopping Mall building and a three-story warehouse situated in Kyaukdata Township have been invited to invest in hotel services and other businesses, according to the Ministry of Hotels and Tourism. The rental life for the two buildings, rented by the Myanmar Hotels and Tourism Industry under […]