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How Myanmar aims to stimulate investment in tourism

Myanmar is looking to capitalise on a recent tourism rebound and stimulate more investment in the sector, following efforts to improve access to credit for smaller operators. On May 6 the first branch of the Myanma Tourism Bank (MTB) opened in Yangon. This is the country’s first bank dedicated to supporting the tourism and hospitality […]

Solar micro-grids and energy access in Myanmar

Villages in Myanmar are taking electricity generation into their own hands, turning to solar micro-grids to power their homes. One of the solar pioneers in the country is Yoma Micro Power. It specialises in solar-powered generation and micro-grid distribution. Each of its 51 micro plants can power a small town and its surrounding areas. By […]

Myanmar’s $400m stock market to open to foreigners

Myanmar will allow direct foreign ownership of shares at the Yangon Stock Exchange (YSX), a move designed to throw a lifeline to the country’s only bourse. In a notice on Friday, the regulator, the Securities and Exchange Commission of Myanmar, said foreign individuals and locally-registered entities would be allowed to invest in listed shares of […]

Japan’s Daiwa readies fund to invest in Myanmar startups

TOKYO — Daiwa Securities Group will set up a venture capital fund in Myanmar, in a first for a major Japanese financial institution. The Southeast Asian country’s economy is growing at a roughly 6% clip, and information technology startups are emerging. This makes Myanmar an attractive market for Japanese institutional investors seeking relief from persistently […]

Myanmar and Japan to form JV for Hanthawaddy Airport construction

Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]

Local government warns tardy cement plant projects in Myanmar

Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]

Myanmar counts on tourism surge after eased visa restrictions come in

Khine Kyaw The Nation Yangon Myanmar expects to receive more visitors this year after eased visa restrictions for Western tourists take effect in October, a senior official said. Aung Aye Han, deputy director general of the Ministry of Hotels and Tourism, told The Nation on Wednesday that the authorities see a bright outlook for Myanmar’s […]

Qatar- Ooredoo empowers Myanmar women to become entrepreneurs

(MENAFN – Gulf Times) Ooredoo Myanmar has honoured Myanmar Women’s Day by celebrating the success of its Village Kiosk programme. As part of this initiative, Ooredoo selects women with basic education levels and offers them an opportunity to run their own village kiosk business, the company has said in a statement. Ooredoo provides the start-up […]

One in 4 people in Myanmar still poor, report says

One out of four people are still under the poverty line in Myanmar, according to the “Myanmar Living Conditions Survey 2017” released on Thursday by the Ministry of Planning And Finance. The survey was conducted with financial and technical assistance from the World Bank and United Nations Development Programme (UNDP). However, the percentage of the […]

KB Kookmin Bank interested in expanding Myanmar business

KB Kookmin Bank, one of South Korea’s top four banks, is interested in expanding its presence in Myanmar with more financial products and services, especially in the areas of providing financing for housing and small-and-medium enterprises (SMEs). KB Kookmin’s chief representative in Yangon, Kim Chang-woo, said the bank “is considering expanding its business in Myanmar […]