Lottery sales raise Ks19bn

The Aungbarlay State Lottery Department says it made more than Ks19 billion from selling Ks500 lottery tickets for the six-monthly lottery. The department said more than Ks11 billion would be used for more than 120,000 prizes. It said 42,300,000 tickets had been sold over six months. A total of 47 single and combined alphabets were […]

Soaring rent is squeezing out retailers in Yangon

Retail space rents are increasing as much as 50 percent year-on-year, squeezing not only small and medium enterprises, but also big business, out of profitable areas in Yangon, local businesses and experts said last week. A fruit vender sorts through stock at his Yangon shop. Local shopkeepers admit they are in danger of losing their […]

Govt Crackdown on Imported Alcohol Intensifies, to Concern of Retailers

YANGON — In the past week, the Ministry of Commerce has intensified its crackdown on what it deems illegally imported alcohol, sparking further unrest among retailers, including Myanmar’s biggest supermarket chain City Mart. Most retailers have now stopped sales of foreign booze out of fear for being raided, leading to a shortfall of liquor supplies […]

Myanmar under the microscope

Market research multinational TNS sets up shop in Yangon and says lots of companies want to know what makes local consumers tick. Myanmar’s first international licensed market research consultancy now has more than 10 international clients, after carrying out the largest ever consumer studies in the country. Jason Copland and the TNS Myanmar team pose […]