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Quenching Myanmar’s Thirst for Craft Beer

On a hot summer morning at a riverside plot in Yangon’s North Dagon, a small team of brewers carry sacks of grain imported from Germany on their shoulders to a small mill. There’s a brewer using a wooden paddle to stir the grain in the mashing tank. It’s steamy and smelly and there are pressure […]

ADB Forecasts Myanmar’s Economy to Resume Growth This Year

YANGON — The Asian Development Bank (ADB) expects Myanmar’s economy to resume growth this year and continue to expand in the next thanks to more foreign investment and a positive response to the government’s economic and policy reforms. The Asian Development Outlook 2019 forecasts Myanmar’s economy to grow by 6.6 percent in 2019 and by […]

Buyers in Singapore snap up US$6 million worth of Myanmar property

Myanmar citizens based in Singapore snapped up US$6 million worth of apartments and condominium units in Yangon at a two-day real estate fair held in the city state earlier this month. Hosted by iMyanmarHouse.com, Myanmar’s largest online property portal, the expo has been held at least once a year in Singapore since 2015 and targets […]

Beating self-doubt and gender bias

Ma Sandy Aung left a promising career in marketing in Singapore, where she had graduated from university, and braved the disapproval of her family to start her own firm, Forte Global, in Yangon five years ago. “Our aim is to help people working in organisations think, learn and do things differently, and as a result, […]

Singapore leads FDI list

Singapore has topped the list of foreign investments with over 20 billion USD, which accounts for more than 26 per cent of the total foreign investment, according to Directorate of Investment and Company Administration (DICA). From 1988-89 to 2018-19 fiscal year, the total foreign investment hit nearly 79 billion USD. Since taking office in 1988, […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

Long-term investment is the key, according to Ascent Capital founder

Myanmar is an emerging market and long-term play for investors seeking to come in. In the following interview, Mizzima talked with Mr Lim Chong Chong, Ascent Capital Partners Founder and Managing Partner about the launch of a Myanmar-focused private equity fund – Ascent Myanmar Growth Fund – and the prospect for the economy and investors. […]

Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]

Facebook, whatsapp target fake news for asia’s election season, but is it too little, too late?

Facebook and its subsidiary WhatsApp have promised to get tougher on “fake news” ahead of key elections in Asia, but critics question whether the new policies can stop viral disinformation from influencing the outcomes. Both companies have faced outrage over issues related to misuse and accountability, and this year’s polls could prove a crucial test […]