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DaNa Facility launches report on small businesses in Kachin State

UK aid-funded DaNa Facility and Dutch development organisation Cordaid has launched their groundbreaking study on small businesses in Kachin State with the aim of unlocking opportunities for these businesses to grow. The report “The Ecosystem for Small and Medium-Sized Enterprises in Kachin State” was launched this week in Myitkyina Palm Spring Resort, which was attended […]

Business leaders discuss property sector opportunities

At a property seminar hosted by Colliers International Myanmar in collaboration with Mottama Development Group Co last week, experts agreed that the Yangon property market is showing signs of “robust growth” in the short to medium term. “Despite challenges in the market currently, there are more opportunities present if we look at the right sectors […]

Automobiles to roll off new assembly line in Mandalay

Myanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on […]

Beating self-doubt and gender bias

Ma Sandy Aung left a promising career in marketing in Singapore, where she had graduated from university, and braved the disapproval of her family to start her own firm, Forte Global, in Yangon five years ago. “Our aim is to help people working in organisations think, learn and do things differently, and as a result, […]

Myanmar state counselor appeals to teachers to serve in far-flung areas

Myanmar State Counselor Aung San Suu Kyi has called on teachers of the country to provide education in far-flung areas, Myanmar News Agency reported on Wednesday. “Equal education opportunities should be created without differentiating between the hilly regions and lowlands and teachers should see it as a challenge to serve in remote areas,” the state […]

‘Creating triple wins’: inclusive business in Myanmar

They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]

Myanmar’s poorest state beckons investors

CHIN state’s underdeveloped infrastructure presents great opportunities for domestic and foreign investors if they do their homework, says a report that looks into business prospects in Myanmar’s poorest region. Min Zaw Oo, director of Chin State at the Directorate of Investment and Company Administration, said investors should not hesitate to invest in Chin state where […]

Venturing into Myanmar: Opportunities, misconceptions and challenges

1. What are some of the latest developments in Myanmar right now? Myanmar is expected to remain an outperformer in Asia, with real GDP growth estimated at 7.1% a year in 2018/19 – 2022/23. Even though the United States lifted sanctions in October 2016, overall foreign investment has declined. The amount of foreign investment approved […]

Krispy Kreme enters Yangon, heating up competition

For generations, Krispy Kreme has been serving doughnuts and coffee in America. Now the chain has decided to enter Myanmar, setting up its first store in Yangon on September 16. The North Carolina-headquartered firm with roots in the United States has been in operation since 1937. U Thu Rein Lin, Krispy Kreme Myanmar CEO, highlighted […]

Myanmar’s 1st MMA champ Aung La N Sang: ‘I’m no politician, but I fight for my people

SINGAPORE: Aung La N Sang feels good. “Amazing”, even, with barely a week having passed since he was crowned Myanmar’s first-ever mixed martial arts (MMA) champion. On June 30, willed on by a thunderous Yangon home crowd, the 32-year-old underdog stunned his undefeated opponent to capture the middleweight title belt of ONE Championship, Asia’s largest […]