The Digital Revolution: From Mandalay to Manchester

In the era of the global digital distribution, products made in Mandalay can be sold in Manchester cost-effectively – the key to that economic miracle is the mobile phone. The Myanmar Times spoke to James Song after his trip to Phnom Penh in Cambodia for the World Economic Forum (WEF) on ASEAN 2017. This year, […]

The Companies Working To Serve Myanmar’s Unbanked Citizens

As fintech startups gain prominence across Southeast Asia, Yangon is poised to become a hub for the budding industry. At least, that’s how Red Dot Myanmar founder John Nagle sees it. The Irish entrepreneur arrived in Myanmar four years ago, drawn by the many opportunities in the country’s financial space. Myanmar’s economy opened to foreign […]

Indonesia’s Lippo to Open 12 Hospitals in Myanmar

TEMPO.CO, Jakarta – Lippo Group plans to open 12 hospitals in Myanmar with a total investment between US$400 million and US$500 million, Lippo Group deputy chairman James Riady said on Monday, April 20, 2015, on the sideline of the World Economic Forum event at the Shangri-La Hotel, Jakarta. According to James, the 12 hospitals will […]

Daw Win Win Tint – One Myanmar among 50 powerful Asian businesswomen

Win Win Tint is the only Myanmar businesswoman who has made her way on to Forbes Asia’s “Power Businesswomen 2015” list, which consists of 50 women representing a wide range of industries in the region. Win Win Tint, 39, is the managing director of City Mart Holding, a business unit of Pahtama Group, the leading […]

Myanmar Banker: We Can Learn a Lot From Indonesia

Business leaders from across Asia will be at the World Economic Forum on East Asia in Manila later this week to discuss investment opportunities in the region. Myanmar, a nation of almost 60 million people, is welcoming foreign investment as it is trying to transform itself into an economy that can compete with the rest […]

Singapore’s Navigat Creates Blueprint for Future Myanmar Power Deals

YANGON — A subsidiary of Singapore-based Navigat Group said on Monday it had begun supplying power under a purchasing agreement that will be the template for future deals by Myanmar, which has one of the lowest electrification rates in Asia. MAXpower (Thaketa) Co Ltd said it spent $35 million building a 50MW gas-fired plant in […]

Path clear to conclude historic energy block tender in 2014

The past 12 months could be considered a watershed year for Myanmar’s energy sector, as the oil and gas industry saw unprecedented foreign interest. Myanmar’s proven natural gas reserves, some 7.8 trillion cubic feet, were revealed at the World Economic Forum in Nay Pyi Taw in June, but potentials of 0.42 trillion cubic feet of […]

Electricity problems persist despite progress

Despite increased investment in Myanmar’s electricity sector in 2013, including by international financial institutions, sustainable development remains a challenge. Only 26 percent of the population has access to government electricity supplies, government figures say, while in the past year new projects to increase production and a proposal of price hikes to reduce consumption and bring […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]

UN Forced Out of Billionaire Kuok’s Yangon Hotel: Southeast Asia

The United Nations is being forced out of billionaire Robert Kuok’s Traders Hotel in Yangon next month amid a tourism boom in Myanmar after housing various offices in five floors of the property since 2007. The UN signed its last lease for the hotel owned by Kuok’s Shangri-La Asia Ltd. (69) in August 2012 for […]