A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]
Peninsula chain adds carefully chosen links in Myanmar, elsewhere
March 3, 2017 by
As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic Yangon Central Railway Station. The headquarters of the old Burma […]
Myanmar’s fast-food industry attracts US attention as sanctions ease
June 7, 2016 by
US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]
Jardine Lloyd Thompson opens local office
September 16, 2015 by
Jardine Lloyd Thompson officially opened its Myanmar representative office on September 12, joining a growing list of international insurers with local offices. Foreign insurers are generally barred from working inside the country, with the exception of three firms which received licences to operate in special economic zones earlier this year. Authorities have said they will […]
