Fuel prices, protectionism hobble Myanmar airline industry

Myanmar’s once lucrative airline industry is struggling to stay afloat with many carriers already halving their fares to draw more passengers. A shortage of modern infrastructure and high import bill is driving up the price of jet fuel, making it exceedingly difficult for many local airlines to keep their fleets airborne. Already, the Department of […]

Myanmar not ready yet for auto boom

THOUGH MYANMAR has the potential for a boom in its automotive industry, it may take more than five years to enjoy tangible benefits in reality, according to Soe Tun, president of Myanmar Automobile Manufacturers and Distributors Association and managing director of Farmer Auto Trading Co. “It is not the right time for newcomers to enter […]

The company lighting up rural Myanmar with affordable solar technology

Since launching its pilot programme in 2016, SolarHome has helped Myanmar find alternative energy options by providing unprecedented electricity access to underserved households. Ted Martynov, the company’s CEO, broke down SolarHome’s business and the energy situation in the country Tell us about SolarHome… SolarHome is one of the first distributors in pay-as-you-go solar for off-grid […]

As industry opens up, Capstone Education finds niche in Myanmar market

Ko Thaw Zin Aung Gyi and Ko Aung Tun Lin, the founding partners of Capstone Education, a local education consultancy, saw the need to invest in Myanmar education long before authorities finally permitted full foreign capital investments in the industry on April 20. Locally schooled but having qualified to study abroad at Ivy League universities, […]

Daiwa invests $5m in Myanmar ride hailer Oway

Oway stake provides Japanese financial group a foothold in promising market TOKYO — Daiwa Securities Group has taken a $5 million stake in Oway, a Yangon-based online travel agency and ride-hailing service, seeking to get ahead of rivals with an early entry into the Myanmar market. Investment unit Daiwa PI Partners purchased newly issued Oway […]

Skiold enters Myanmar market

The Danish company Skiold has entered the Myanmar market. The company, which has its headquarters in the small Danish town of Sæby, specializes in providing equipment for full-line pig farms, feed production plants and project solutions for the feed, grain, seed and pig industries. Since 2000, the company has moved its businesses into Asia and […]

Soilbuild – a small Singapore construction firm that ventured into Myanmar 30 years after its founding

Soilbuild Construction Group took the plunge to expand overseas even though it was fully aware the move offered no guarantees of profit. Its executive director explains why. SINGAPORE: When it comes to ensuring the growth of our local companies, the most common refrain nearly all bosses of small- and medium-sized enterprises (SMEs) hear is this: […]

KBank in border staff swap with Myanmar lender

KASIKORNBANK (KBank) is joining with Myanmar’s biggest lender, Kanbawza Bank (KBZ Bank), on a staff exchange programme for the border cities of Mae Sot and Myawaddy. The initiative is part of efforts to boost trade across the border. The focus is on import-export settlements via banking system and promotion of cross-border funds transfer via the […]

Myanmar’s telco revolution opens new chapter

YANGON — Myanmar is three years into a telecoms boom that has changed the physical and technological landscape of the country with unparalleled speed. Since the sector was opened to foreign competition in 2014, thousands of mobile towers have sprung up around the country and more than 30,000km of fiber cable has been connected. Mobile […]

Thitikorn revs up for full entry into Myanmar market

Thitikorn (TK), a leading Thai hire-purchase provider in the motorcycle segment, is entering the Myanmar market with plans to operate a new company – Mingalaba Thitikorn Microfinance – established with registered capital of 200 million kyat (Bt4.85 million). Myanmar is the third overseas country in which the listed company has invested, after Laos and Cambodia. […]