The socio-economic life of the people can develop only if the country’s vocational education level is truly developed: State Counsellor

It gives me great satisfaction and much delight to have this opportunity to speak at today’s ceremony to celebrate the 125 anniversary of GTI education which has been contributing to the development of vocational skills which is indispensible for our country’s socio-economic development. Insein GTI came into existence as a Government Engineering School on 1 […]

Myanmar’s Economic Outlook and How Private Equity and Venture Capital Can Make A Difference

As Myanmar concludes voting for its general election, Ascent Capital Partners Pte Ltd (Ascent Capital) takes a look at the road ahead for the country’s economy and how investors will support its continued development and growth. As a long-term private equity investor in Myanmar, Ascent Capital strongly believes in the long-term potential of the country. […]

AYA Bank, AYA SOMPO Insurance and AIA Myanmar launch Groundbreaking Strategic Bancassurance Partnership

The collaboration aims to increase protection and drive insurance penetration in Myanmar. This strategic partnership will enable life, health and general insurance solutions from AYA SOMPO Insurance and AIA Myanmar to be offered across AYA Bank’s extensive branch network throughout the country. U Myint Zaw, Managing Director of AYA Bank, said, “This partnership is an […]

Liquor sector among the latest COVID-19 casualty in local economy

Almost all liquor-related businesses in Yangon Region have closed and about 40 percent of liquor stores are likely to be permanently suspended, said U Myo Min Aung, chair of the Myanmar Beverages Merchants Association. “Most pubs and liquor stores had reopened after the first wave of COVID-19. Sales had yet to return to normal then, […]

A Golden Opportunity for Cloud Services in Myanmar

Businesses in Myanmar are growing rapidly in no small part due to the cloud services offerings from Golden TMH (GTMH). With offices in Mandalay and Yangon, the company is one of the leading telecommunications companies in the nation. GTMH’s solution portfolio is diverse, with numerous services that span the entire software stack — including cloud-based […]

Hong Kong Firm Close to Finalizing New Yangon City Proposal

Hong Kong-listed China Communications Construction Co. Ltd (CCCC) has nearly finalized its proposal for the development of US$1.5 billion (2.4 trillion kyats) worth of initial infrastructure for the controversial “New Yangon City” project across the Yangon River from Myanmar’s commercial capital, according to a government body established to oversee the project. New Yangon Development Company […]

Unicity eyes official opening in Myanmar

Unicity, a US-based health and supplement marketing company, says it is rapidly expanding its business in the Asean Economic Community (AEC), and has announced its official opening in Myanmar. Christopher Kim, president for the Asia-Pacific region at Unicity International, said the firm was one of the industry leaders for both nutritional supplements and business development […]

Low risk tolerance investors waiting for results of 2015 election to invest

According to a report by consulting firm New Crossroads Asia – low risk tolerance investors are waiting for the results of the 2015 election before investing in Myanmar. Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) said there was some truth to this. “Reports that foreign companies are waiting […]

Maritime spat to aid rice exporters

Growing tensions in the South China Sea in recent months is leading China to shun Vietnam for its rice imports, opening the door for Myanmar exporters, according to traders. Much of Myanmar’s official exports currently go to African countries, but with Thai exporters dropping prices in those markets since the May 22 coup, Myanmar exporters […]

Middle and Affluent Class in Vietnam and Myanmar Will Double in Size by 2020

HO CHI MINH CITY, VIETNAM–(Marketwired – Dec 18, 2013) – The middle and affluent class will double in size in Vietnam and Myanmar between now and 2020, according to a publication by The Boston Consulting Group (BCG). Consumers in these two Southeast Asian countries are also among the most optimistic in the world — more […]