State Counsellor opens Invest Myanmar Summit 2019 with keynote speech summarizing Myanmar’s economic, investment progress

Opening Salutations It gives me great pleasure to welcome you to the 2019 Invest Myanmar Summit and to see so many investors and business people, representing a wide range of industries, sectors, interest groups, and organisations, here with us today. I am confident that this Summit — the first of its kind in Myanmar — […]

ICBC Center inaugurated in Myanmar’s Yangon

The Industrial and Commercial Bank of China (ICBC) Yangon branch, the first Chinese commercial bank operating in Myanmar, has inaugurated its new center in Myanmar’s Yangon. At the opening ceremony on Friday, Chinese Ambassador Hong Liang hoped the ICBC Yangon branch to become one of the most powerful and efficient foreign banks in Myanmar and […]

Myanmar at risk of money laundering as economy grows: Observers

YANGON: Myanmar’s rapidly growing economy will benefit its people but this growth, according to observers, could increase the risk of money laundering in the country. The Asian Development Bank expects Myanmar’s economy to grow 8.4 per cent this year but if money laundering activities are allowed to go unchecked, this could erode investor confidence. The […]

Myanmar’s economy opens doors to big brands

From fast food giants to coffee chains, tobacco companies and garment makers, Myanmar’s emerging economy is opening up to the world’s biggest brands It is just after 2pm at the newly built Pizza Hut on Yangon’s Dhammazedi Road. Clusters of staff throng around the entrance and waiters’ station as businessman Sein Min, who also goes […]