Myanmar emphasis on productivity

MANUFACTURERS in Myanmar have been told to shift their focus to productivity, following the government’s approval of the country first minimum wage last week, said industry players. Aung Thein, vice chairman of the Myanmar Industries Association (MIA) and managing director of Nibban Electronics, said in an exclusive interview that Myanmar was still competitive in comparison […]

40 Thai subcontractors seek business in Myanmar

“All our members want to expand their markets and are willing to cooperate with companies in neighbouring countries,” said Somkiat Chupukcharoen, president of TSPA and managing director of SCC Tech Co. “We want to know more about Myanmar people and culture, etc. We must know each other first. Only then will we be able to […]

Yangon office rents fall by 20 per cent

Office rents in Yangon have begun to fall for the first time in four years as foreign firms adopt a wait-and-see attitude ahead of the election, according to a research company. New Crossroad Asia (NCRA) quoted Robin Aung Soe Naing, manager of Pronto Services, as saying that in early 2015 office rents fell by 20 […]

Forum to help implement business reform

The newly formed Myanmar Business Forum aims to provide a space for local entrepreneurs to meet and discuss business issues with the president. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said that the forum, formed by private entrepreneurs and government bodies, will allow local traders to present reports and will […]

Hyundai to open showroom and service center in Yangon

The South Korean Hyundai Motor Company is planning to open showroom and service center in Yangon in September of this year, according to Fortune International Ltd, one of Hyundai’s local partners. Hyundai is the largest company in South Korea with enormous economic and political power in the country and it is also World’s fourth largest […]