Yangon, Sagaing, Bago and Nay Pyi Taw have emerged as the best environments in which to do business in Myanmar, according to the Myanmar Business Environment Index 2020 (MBEI). The Asia Foundation released the MBEI 2020 on December 11. This year’s report is the second after it was first launched in 2019. The MBEI is […]
Myanmar shopping platform bags funding from former Japanese senator, others
December 3, 2020 by
Myanma-based food delivery and online shopping platform Hi-So said it raised new capital in October from investors based in Japan, Singapore, and Malaysia. Hi-So managing director and CEO Kenta Takada told Tech in Asia that there were seven new investors in the round, including former Japanese senator Kotaro Tamura. The exec, however, did not disclose […]
MFVP invites business partners for Yangon mobile market plan
October 26, 2020 by
Myanmar Fruit, Flower and Vegetable Producers and Exporters Association (MFVP) has called for the affiliated associations and businesspersons to cooperate in the distribution and retail business of Yangon mobile market scheme. MFVP planned to help support fast and smooth commodity flow of the producers and market stability amid the COVID-19 crisis and initiated the mobile […]
Hong Kong investors eye new opportunities in Myanmar
October 23, 2020 by
Hong Kong business and those already present in Myanmar expressed a keen interest in Myanmar’s significant investment potential including areas as diverse as energy, transport, banking and finance, retail and services during a recent webinar organized by the Myanmar-Hong Kong Chamber of Commerce and Industry. As a guest of honour delivering a keynote address, U […]
Household service providers in Myanmar among latest COVID-19 casualties
October 6, 2020 by
Providers of housekeeping and home maintenance services are among the latest casualties of the second wave of COVID-19 in Myanmar. Many have suspended their businesses in view of the spread of the virus in the past month. Demand for housemaids, cleaners, and other household service providers has collapsed and these businesses have also been suspended […]
NearMe expands digital reach during pandemic
September 28, 2020 by
Myanmar start-up NearMe, which provides a digital purchase and payments platform for retailers, has attracted financial help from Sumitomo Corp, a Japane Fortune 500 global trading and business investment company. The funds will enable NearMe to offer more digital solutions to its retail partners, which comprise mainly small- and medium-sized enterprises (SMEs) seeking technology to […]
Myanmar, China target illegal crossings after confirmed cases in Ruili
September 21, 2020 by
China and Myanmar have agreed on a joint fight against COVID-19 and a crackdown on illegal border crossings after two out of six people who crossed from Myanmar to Southwest China’s Yunnan Province illegally were confirmed to be infected with COVID-19. The illegal border crossings prompted at least eight prefectures and 25 counties that border […]
Insurer, bank tie up to provide bancassurance in Myanmar
September 17, 2020 by
Capital Taiyo Life Insurance and Myanmar Citizens Bank have announced that that they will cooperate to provide life insurance products in Myanmar. Capital Taiyo Life and Myanmar Citizens Bank (MCB) signed announced on Friday that they had signed an agreement on June 29 to provide bancassurance products via MCB’s network of branches. The agreement brings […]
For small printing firm, Myanmar election boosts business for now
September 14, 2020 by
YANGON (Reuters) – While the coronavirus pandemic hits many businesses in Myanmar, one small printing firm is seeing business boom as popular leader Aung San Suu Kyi seeks re-election in November. Staff at Htet Khine Soe’s Yangon shop are working day and night to print the red shirts, flags and banners of Suu Kyi’s National […]
COVID-19 stalls Myanmar product-label law enforcement
May 21, 2020 by
Authorities are struggling to enforce the use of Myanmar language on the labels of all products on the local market due to the COVID-19 pandemic, a senior Consumer Affairs official said. U Zayar Swe, deputy director of the Consumer Affairs Department, said his agency has yet to conduct any inspections of manufactures for compliance with […]
