HO CHI MINH CITY — Vietnam’s Dragon Capital Group and Myanmar’s Ruby Hill Financial on Wednesday signed a deal to set up a joint venture that will provide loan products and services to the burgeoning workforce driving Myanmar’s rapid economic development. Ruby Hill will hold a 51% stake in Yangon-based Ruby Hill Microfinance, while the […]
Myanmar businesses want policies & directions from government
June 22, 2016 by
LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future. There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further […]
Water reveals two sides of Myanmar’s economic boom
June 17, 2015 by
[YANGON] Every morning on his way to work in Yangon, builder Zaw Min Tun takes a swig of water at a Buddhist temple, a vital place to quench a thirst for the many ordinary citizens left behind by Myanmar’s economic boom. Bottled water is among the plethora of consumer industries set to take off as […]
Firms face financial accuracy issues ahead of bourse launch
October 21, 2013 by
Myanmar companies might not be ready for the scheduled launch of the country’s stock exchange in 2015, officials and experts are warning. The lack of transparency and accounting efficiency on the part of firms wishing to develop initial public offerings could contribute to the slowdown of the much-anticipated launch, they say. Last month, officials developing […]
Myanmar Firms Feel Pinch From Abroad
August 3, 2013 by
YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]
