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Domestic businesses are failing, UMFCCI survey reveals

Domestic businesses are struggling to grow and many are on a downward trend, according to the latest survey conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The UMFCCI’s survey supports the findings of two previous studies conducted in the last six months by Roland Berger and the European Chamber […]

Myanmar needs urgent reforms as economy’s in the woods

MYANMAR’S economy is still in the woods: The Aung San Suu Kyi-led government has delayed a long-awaited reform to allow foreign companies to purchase stakes of up to 35 per cent in local companies as business confidence has plummeted drastically, while jungle-style “ceasefire capitalism” flourishes in insurgency affected areas. To top it all, there are […]

Lack of policy direction leads to drop in investor confidence

Alarm bells are ringing after a substantial drop in investor confidence in Myanmar as a result of the lack of a clear economic policy and plan in the economy. According to the second Myanmar business confidence survey conducted by Roland Berger in partnership with Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]

Uber Offers Solution to Yangon Traffic

Uber Myanmar re­cently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interview­ing over 4,700 riders and drivers, the report con­cludes that ride-sharing, or the use of private cars for the public good, es­sentially, the […]

How microfinance can help Myanmar meet its major funding needs

Myanmar’s economy has logged one of the fastest growth rates in the world since it opened up in 2011, but its development of channels for financing such growth has not kept pace. The stock market, which began trading in March 2016, has just four listings, and overall market capitalization is equivalent to less than 1% […]

Insurance to Lead Finance Sector Expansion

​​ Myanmar’s financial sector welcomed new faces this year – international banks opened their first branches, the stock exchange welcomed its first firms and there are joint-ventures on the horizon for the insurance sector in 2017. Taiwanese firm E.SUN Commercial Bank, South Korea’s Shinhan Bank, Bank for Investment and Development of Vietnam and State Bank […]

Companies in Myanmar Express Concern About Regulation, but Optimism Remains: Survey

​​ Companies in Myanmar expressed concerns about government regulation and policy, despite showing optimism for future growth, in a recently completed survey, said Thomas Klotz Tuesday morning at a press conference in Yangon. Klotz, the Managing Partner for Southeast Asia for Roland Berger, the German consulting firm that conducted the survey, said, “Seeing from our […]

Myanmar Banking Group KBZ Seeks Insurance Arm Listing, Fintech Ally

Oct 6 Myanmar banking group KBZ is seeking to list its insurance arm on the domestic bourse as early as next year, a senior executive said on Thursday, as the formerly isolated nation slowly liberalizes its financial sector. The insurance arm, which has a paid-up capital of $55 million, could be listed as early as […]

Thais feel impact of booming Dawei

BANGKOK • Saw Hdaik Oo, from Dawei in Myanmar, left home for Thailand when he was 15, in search of a job. He was fortunate to find one at a seafood-processing factory in Ranong, southern Thailand. And then even luckier to be promoted to oversee the refrigeration at a plant in Mahachai, which has one […]

Myanmar calls EOI for fourth telecoms operator

Subscribe to our tender alert mailing list The government has asked international telecoms operators to submit expressions of interest ahead of a tender for the country’s fourth operator licence, to be awarded in 2016. Companies will apply to join a local consortium of 11 local firms and investors, and a state partner, according to an […]