Myanmar Youth Need Digital Training for Tomorrow’s Job Market – Microsoft Boss

Myanmar must train a new digi­tally literate gen­eration to keep pace with its rapidly expanding IT sector, a senior manager at Microsoft has said. Michelle Simmons, the software giant’s general manager for new markets in Southeast Asia, said it was a “key priority” for Myanmar to train pro­fessionals to enable the country’s “digital trans­formation.” Speaking […]

Myanmar Construction Sector ‘a Natural Market for Singapore’ – Surbana Jurong CEO

The construction and engineering sectors in Myanmar “can progress at a much faster rate” than its regional neighbours like Vietnam because it has British building standards and codes, the head of a major urban development con­sultancy has said. Wong Heang Fine, group CEO at Singapore-based Surbana Jurong, said a shared legacy of British rule means, […]

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 […]

YSX needs institutional investors, say industry figures

The Yangon Stock Exchange needs larger and more experienced investors to start trading as its current buyers lack experience, industry sources said at an Oxford Business Group capital market debate last week. The individual traders dominating the new bourse – also called retail investors – are poor at assessing a company’s financial health, analysing cash […]

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 […]

Foreign direct investment in Myanmar set to grow

NAY PYI TAW: Myanmar’s foreign direct investment (FDI) this financial year is set to more than double that of last year’s to US$3.5 billion. The momentum is unlikely to slow, with the country projecting US$4 billion in FDI in the next financial year. Telecommunications and manufacturing are the main drivers of this growth. The telecommunications […]

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 […]

Chinese and Indian Firms Tipped for Kyaukphyu SEZ Bidding Race

The Burmese government call for international bids to develop a proposed Special Economic Zone around Kyaukphyu on the western coast makes no mention of existing MoUs already signed with Chinese and Japanese companies, and reportedly involving noted crony Burmese businessman Tay Za. The announcement raises questions over these previous agreements, but an economic expert on […]