On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]
Yangon’s new town plan expected to create about 900,000 job opportunities
September 20, 2018 by
The intended area for Yangon’s new town plan will cover up to 168,000 acres, and 20,000 acres of which will be used for the first phase and it is expected to create about 900,000 job opportunities, accord to the Socio-Economic Mater Plan of New Yangon Development Company. New Yangon Development Company (NYDC) hired top management […]
Investor-Friendly Environment and Human Capital Essential for Myanmar’s Success in the Belt and Road Initiative
June 5, 2017 by
The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]
How microfinance can help Myanmar meet its major funding needs
May 12, 2017 by
Myanmar’s economy has logged one of the fastest growth rates in the world since it opened up in 2011, but its development of channels for financing such growth has not kept pace. The stock market, which began trading in March 2016, has just four listings, and overall market capitalization is equivalent to less than 1% […]
Myanmar’s financial markets are slowly opening up
September 27, 2016 by
NAYPYITAW Naypyitaw’s famously empty hotels were busy for once on Sept. 13-14 as an annual investment forum drew more than 1,300 bankers and investors from around the world. Expectations for the country’s financial development are sky high, especially as the first civilian government in half a century is settling in. Reforms are happening slowly but […]
Keeping the FDI spigot flowing in Myanmar
October 14, 2015 by
After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]
Myanmar lures Asian firms
April 6, 2015 by
One in four Asian enterprises plan to enter Myanmar this year, making Asia’s newest emerging market one of the top investment destinations in the region, according to a survey by United Overseas Bank. Myanmar appears poised to become the beneficiary of an uptick in inbound investment and M&A activity as fears of the government backsliding […]
Myanmar coffee scene fuelled by middle class caffeine high
February 5, 2015 by
YANGON – Behind a wooden counter in downtown Yangon’s Coffee Club, the unmistakable hiss of a barista steaming milk briefly drowns out a funky soundtrack piped through a store filled with students glued to their smartphones. In any other Asian capital it would be a ubiquitous sight. But in Yangon, this is something new. Long […]
