Yangon’s hippest bazaar

Opening in December, Urban 86 will have year round selfie appeal Trendy markets, day and night, have become somewhat of a must-have for cities across Southeast Asia. Since the launch of the Strand Road night market less than 11 months ago, three other pop-up night-markets, all with varying degrees of selfie appeal (proof or it […]

In dirt-poor Myanmar, smartphones are transforming finance

MYANMAR’S democratic transition sometimes seems marked as much by continuity as by change. Depressingly, the army continues its bloody persecution of Rohingya Muslims in the west, for example (see article). But elsewhere moves to open the country’s markets, started by the preceding military regimes, have gathered pace. New commercial and financial services are springing up. […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

In Yangon, upfront rents stretch tenants, small businesses

YANGON — As rents in the commercial capital rise, the illegal but common practice of landlords demanding six months’ or even a year’s rent upfront is stretching Yangon’s residential and business tenants to breaking point. Mr Soe Win Maung runs a roadside Shan noodle shop and stays with his wife in the top-floor loft of […]

Fullerton Myanmar welcomes IFC’s investment, expanding access to microenterprises

Fullerton Finance (Myanmar) Company Limited, a licensed microfinance company in Myanmar, announced that IFC, a member of the World Bank Group, has made a $1.2 million equity investment in the company to help the microfinance provider expand lending to smaller businesses and individual borrowers. Myanmar’s financial system is in an early stage of development. Just […]

Facebook provides cheap alternative for small businesses

Increasing numbers of small businesses in Myanmar are being drawn to Facebook and other social media sites to advertise their products and grow their customer base. The social networking site has grown in popularity over the last four years due to its interactive nature and the ability of business owners to connect with customers in […]