Mall operator, Thai healthcare group launch Yangon hospital on high demand

Myanmar mall operator Ga Mone Pwint Co has teamed up with Thailand’s Thonburi Healthcare Group to start a new facility, Ar Yu International Hospital, in Yangon, where demand for high quality standards of healthcare is rising fast. The new US$70 million hospital, which will open in mid August, is the first such project in Yangon […]

Myanmar needs ‘more transparency, strategies’

MYANMAR’S hopes of becoming Asia’s last frontier market would be realised only if the government could create a clear and transparent regulatory environment for attracting investment and financing the economy, according to Patrick Cooke, regional editor for Asia at Oxford Business Group (OBG), a global research and consultancy firm. “It is imperative that the government […]

Myanmar insurance industry poised for reform, awaits liberalisation

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Modernisation Fuels New Lending in Myanmar’s Banking Sector

At the end of February the Central Bank of My­anmar (CBM) announced it was considering ­panding the range of ser­vices that foreign lenders in the country can offer by allowing them to provide trade-only accounts to importers and exporters, which local banks are un­able to do. Of the 24 domestic banks, nine are involved in […]

FDI Brings About Property Market Boom

​​ The local property market, especially in industrial zones, is expected to boom as the country sees a massive influx of foreign investments, according to House.com.mm. Nitesh Khirwal, Co-founder and Managing Director of House.com.mm said: “The Myanmar Investment Commission’s recent reforms and the new Myanmar Investment Law may have a huge impact on local property […]

Local banks fret foreign rivals

Domestic banks fear that international lenders opening branch offices in Myanmar will pursue an aggressive strategy and poach the best local clients, but commentators believe this is unlikely to happen, for now. Between April and September, nine global banks will open branch offices in Yangon, becoming the first foreign institutions to undertake active commercial operations […]

Myanmar Airport Expansion Plans Take Off

Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. In February, Myanmar’s Department of Civil Aviation (DCA) announced that work on the new Hanthawaddy International Airport, located 70 kilometres outside of Yangon, would begin next year, with the facility set to be […]

OBG Report Charts Myanmar’s Development as FDI Rockets

UK-based publishing, research and consultancy firm Oxford Business Group (OBG) published its first country report on Myanmar which sheds light on the country’s new investment law, wide-ranging reforms and emerging economic sectors, the firm announced. With most Western sanctions now lifted and a new mining law in the pipeline, “The Report: Myanmar 2014” charts the […]