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Singapore Businesses see Myanmar as ‘Potential Gold Mine’

Myanmar is a “potential gold mine” and the “last frontier for” investors despite its low ranking in ease of doing business, said a Singaporean investor at a business to business matchmaking event in early November. MyanmarBizConnect Group, a local business matchmaking group, the Singapore’s Association of Small and Medium Enterprises (ASME) and Malaysia’s RHB Bank […]

Yangon Orders Closure of Unlicensed Luxury Spa in Myanmar’s Historic Secretariat

YANGON—A newly-opened deluxe spa at Yangon’s Secretariat will have to be closed because it has no operating license, according to the Yangon City Development Committee (YCDC). “We have not officially issued a business license to the spa at the Secretariat. As it is operating without a license, it has to be closed,” U Than, the […]

Singaporean investment starts rice production for international export

Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from Myanmar to the global market, and especially to Europe. The rice production and export facility is completely automated to process 75,000 tonnes of paddy annually – producing high-quality parboiled, brown and white rice. Agrastar aims […]

Singaporean businesspeople tend to boost trade, investment in Myanmar

SINGAPOREAN businesspeople are showing an increased interest in making investments in Myanmar. Singapore has invested a total of US$13,286.354 million, according to U Zaw Min Win, Vice President of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. “Singaporean firms tend to invest more here.” said the UMFCCI Vice President, […]

Govt to Continue Tourism Policy of Maximum Growth

RANGOON — The government will continue the tourism policies set by its predecessor—aiming for maximum growth—and will continue to enumerate day-visitors crossing land borders as “tourists,” in contravention of international tourism standards. These intentions were laid out by Tint Thwin, director general of the Ministry of Hotels and Tourism, at the Myanmar Hospitality & Tourism […]

Singaporean pest control firm optimistic on Myanmar

SINGAPOREAN firm Titan Pest Management foresees a bright business outlook for its pest control services, ready to first serve restaurants and hotels and help the public sector raise awareness for better hygiene. “People [in Myanmar] do not really know much about it [pest control],” Nicole Zycinski-Singh, co-founder and director of Titan Pest, said at a […]

MPE opens more tenders

Myanma Petrochemical Enterprise (MPE) has invited local and foreign companies to submit proposals for a further slate of joint ventures, according to an announcement on May 25. The first tender invites private companies to build a Liquefied Petroleum Gas (LPG) terminal and supply chain for the LPG business. Interested investors should submit letters of expression […]

S’pore realty developer acquires 50 percent stake in Vietnamese counterpart: report

Singaporean real estate and investment firm Rowsley Co. Ltd. has reached a deal to own a 50 percent stake in a Vietnamese company developing a complex worth over half a billion U.S. dollars in Myanmar, according to The Straits Times. Rowsley, partly owned by billionaire Peter Lim, who is one of the richest people in […]

Prospect for women in changing Myanmar

Myanmar has undergone huge changes in recent years in an attempt to open the country’s doors to foreign investment and catch up with the increasingly modernised world. Looking at the largest city, Yangon, it is obvious that modernisation is creeping into the country, with multinationals including Mercedes, Chevrolet and Hilton entering the market, with many […]

Video: Doing business in Myanmar – What you need to know as an entrepeneur from Singapore

The video is divided into 2 parts: Part 1: https://youtu.be/pCvYiQYDHcE To download the MP4 video https://goo.gl/gLBU1X Economic history of Myanmar – how Myanmar ended up where they are, as one of the poorest country in Asia despite its rich natural resources. A simple story of why it is more profitable to invest in Myanmar than […]