In Yangon, one Kachin entrepreneur pursues global dreams

It has been ten years since Ko Zin Myo Htik, owner of Myanmar Gasket (MG), left his hometown in Moe Kaung city, Kachin State, for Yangon, where he is now pursuing his dream of building a Myanmar gasket factory supplying international-quality gaskets to the global market. A gasket is a mechanical seal which fills the […]

A startup tackles Southeast Asia’s hidden esports opportunity

It may not be long before an athlete wins a gold medal at the Olympics – for playing a computer game. Competitive computer gaming, or esports, has turned from a fringe activity into a genre that’s getting millions of viewers and doling out millions of dollars in prize money. In Southeast Asia, it may be […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Tackling Asia’s final technology frontier

Honey Mya Win didn’t have to look far to discover the tech potential for Myanmar. A 26-year-old former telecom engineer at Huawei, she was directly involved in configuring mobile phone towers and base station controllers that expanded 3G access to the once reclusive nation. “My team was actually the one connecting the country,” she said. […]

Myanmar’s online liberation

On a blazing Sunday afternoon, on the outskirts of Myanmar’s financial capital,thousands of people made their way to a football field, filling up the streets and almost bringing traffic to a standstill. Mostly wearing red shirts that they paired with longyis (traditional Myanmar attire), they eagerly waited for the arrival of the National League of […]

Rental gap narrows as Yangonites seek suburbia

High rental costs downtown, allied with cramped accommodation, congestion and noise, are driving business and residential tenants out into the suburbs, pushing up rental costs in the leafier areas of the city. Recent strides in the mobile phone and internet industry have made communication cheaper, acting as a push factor toward suburban development, said property […]

A nation in a chrysalis

Paranoia surrounding security isn’t palpable in Yangon. Passing the immigration counter at Yangon international airport, and with it the completely unfounded fear of being deported on arrival, I reach the Telenor counter for a SIM card. I am ready with my photo and ID-proof documents, but all that the teenaged boy at the counter takes […]

Momolay wants to take on Facebook in Myanmar, bags funding to take a shot at it

Myanmar is not an easy place to do business. Poor infrastructure, a highly unskilled labor pool, and an outdated financial system are only some of the challenges weighing on this once military junta-controlled nation. However, many investors are willing to overlook the negatives for fear of missing out on the vast opportunities Myanmar offers. The […]

Yonder & Beyond Lists MySQUAR on AIM with Market Capitalisation of $27.6 Million

On July 1 MySQUAR, a Myanmar-language social media platform, listed on London’s Alternative Investment Market (AIM) after raising £1.67 million ($2.57 million). On listing MySQUAR had a market capitalisation of £18 million. Sydney-based technology venture firm Yonder & Beyond owns 4,133,303 MySQUAR shares, valued at A$845,000 ($632,457) on listing which represents a value up-lift of […]