Tourism industry booming in Mandalay in December

Tourist arrivals have increased in Mandalay due partly to the addition of more Mandalay-Bangkok- Yangon flights and more direct flights between Mandalay and Hong Kong in December. Adding to the burgeoning popularity of central Myanmar is the allowance since September for foreign tourists to enter Myanmar through border entrances with an evisa, available online. Tourists […]

Global Brands Opt for EU-Backed Factories to Avoid Pitfalls of Controversial Garment Industry

With its clean white surfaces, regulated humidity and glowing fluorescent lights, the quality control division of Bogart Lingerie’s facility in the Hlaing Tharyar industrial zone looks more like a medical laboratory than a garment factory. Inside the Yangon factory, workers sort through bras and underwear fresh from the production lines, checking for any defects before […]

Coffee Not caffeine, Say Industry Experts

Look out Colombia. And stand back, Brazil: Myanmar coffee is coming. Though coffee has been grown in this country for 100 years, production volumes were low and the quality was hidden under a bushel. But now international aficionados are starting to take Myanmar seriously as a producer of first-class joe. Marcelo A Pereira Magnere, a […]

Transforming Myanmar’s corporate landscape – Aung Naing Oo and Winfried Wicklein

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]

A New Law to Bring Major Reforms to Myanmar Corporate Sector

Myanmar is undergoing significant economic liberalization and reforms designed to promote economic growth and investment. Now is also the time to undertake the legal reforms required to support economic liberalization – reforms in regulation of companies that have occurred in many neighboring countries in our region undergoing significant economic growth. These reforms in company law […]

Myanmar consumers trust quality of Thai products, survey finds

SANTIPHONG Pimolsaengsuriya, chief executive officer of Havas Riverorchid, a marketing communication specialist in the CLMV markets (Cambodia, Laos, Myanmar and Vietnam), said Myanmar’s potential was clear from a survey the group did in May. It involved 504 respondents in Myanmar, who rated their trust in products made locally and from major exporters including Thailand, Singapore, […]

Meat demand rises in Myanmar

Meat consumption in Myanmar has grown due to an influx of tourists and investment, while a limited manufacturing base presents new opportunities for international suppliers. Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line, factors which have historically kept meat consumption levels low. Also, Myanmar consumers have tended […]

India setting up 9 border trade points with Myanmar

Keen to boost border trade between Northeast India and the neighbouring Southeast Asian countries, the Indian government is setting up nine border haats or markets along the border with Myanmar, a top official said on Wednesday. Addressing the inauguration of the Eighth Delhi Dialogue here, Anil Wadhwa, Secretary (East) in the Ministry of External Affairs […]

Myanmar, Vietnam and India’s consumers extremely optimistic about the future

For the first time since 2012, consumers in Asia Pacific are not optimistic about the immediate future, according to the recently released MasterCard Index™ of Consumer Confidence (H2 2015). Between November and December 2015, 8,779 respondents, aged 18 to 64 in 17 Asia Pacific markets, were asked to give a six-month outlook on five economic factors […]

Indians least generous in South Asia, Myanmar tops the list: poll

India is the least generous country among eight South Asian nations and ranks a dismal 106th in a global report of people who help strangers, donate money or volunteer their time for a good cause. The research by London-based Charitable Aid Foundation (CAF) found that Myanmar ranked highest in the world for generosity, with the […]