Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

Myanmar opens up for foreign retailers and wholesalers

Foreign businesses and joint ventures are now allowed to carry out businesses in the retail and wholesale sector, according to the latest directive from the commerce ministry. Leading business groups hailed the move as a right step towards attracting inwards investments for Myanmar. The ministry issued the Directive 25/2018 on May 9, authorising 100 percent […]

CEO Conference 2018 on the economy held in Yangon

The CEO Conference 2018 on the economy was held in Yangon at the Novotel Yangon Max on May 11. The CEO Conference 2018 was a forum of senior Myanmar government officials, eminent persons in their fields, top CEOs and business people. The CEO Conference 2018 was attended by Deputy Minister of Planning and Finance Ministry […]

Myanmar opens up for foreign retailers and wholesalers

Foreign businesses and joint ventures are now allowed to carry out businesses in the retail and wholesale sector, according to the latest directive from the commerce ministry. Leading business groups hailed the move as a right step towards attracting inwards investments for Myanmar. The ministry issued the Directive 25/2018 on May 9, authorising 100 percent […]

Myanmar strikes again at Bawdwin base metals play

ASX-listed Myanmar Metals has announced further spectacular silver and base metal drilling results for its world-class Bawdwin polymetallic deposit in central Myanmar. Results include 23 metres grading 17.3% lead, 9.5% zinc, 1.2% copper and 398g/t silver from 170m down-hole and 31m @ 7.5% lead, 1.9% zinc and 88g/t silver from 62m down-hole. The intercepts are […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Visitors damage coral reefs on Cocks Comb

Ninety percent of the coral reefs on a famous island, Cocks Comb have been damaged by the uncontrolled influx of visitors during the past two years, U Phyo Wai Yarzar, advisor of the Myanmar Tourism Marketing Association told The Myanmar Times on Wednesday. adCocks Comb Island is just off the coast of Kawthaung and part […]

Six properties in Myeik get greenlight to build hotels

The Myanmar Investment Commission has given permission to six properties in Myeik archipelago in Thanintharyi Region to construct hotels, U Nyo Aye, director of the Hotels and Tourism Department in Tanintharyi, told The Myanmar Times. Owners of the six properties, on Kyun Philar, Barlar, Phoe Ni, Wa Lal, 115 and Bo Nat Kyaw islands, will […]

Myanmar businesses join hands for FDI

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]

Is country ready for full foreign investment in education?

According to the Directorate of Investment and Company Administration, Singapore, New Zealand, and Australia are interested in investing in Myanmar’s education, with Singapore having conveyed the most willingness. The Myanmar Investment Commission (MIC) has allowed foreigners to make full capital investment in Myanmar, according to notification 7/2018 issued by the MIC on April 20. Thus, […]