Myo Win Aung, managing director of Ya Thar Wa Thi, makers of Shan Shwe Taung pickled tea leaf and Paline organic tea leaf in Shan State, envisions selling its products around the world. “Although it is just a family business, we want to become a huge company that proudly sells Myanmar tea internationally,” Myo Win […]
Local, Foreign Insurance Cos. readying to sell in Myanmar
July 29, 2019 by
YANGON—Myanmar’s Ministry of Planning and Finance is set to give the go-ahead to joint ventures between local and foreign insurance companies next month. The country’s insurance business regulatory board, which is overseen by the Ministry of Planning and Finance, is currently scrutinizing companies that have submitted requests for proposals (RFP), U Zaw Naing, the board’s […]
Huawei and smart Axiata ready to roll out Cambodian 5G
July 15, 2019 by
PHNOM PENH—Cambodia’s Smart Axiata said it had begun 5G trials in partnership with China’s Huawei Technologies on Monday and could start rolling out the mobile network by this year. Smart Axiata, part of Malaysia’s Axiata Group Behard, serves half of the 16 million population of the Southeast Asian nation, whose government signed a memorandum of […]
Why India looks the other way on Myanmar
November 6, 2018 by
While the West moves to re-isolate Myanmar after a short period of re-engagement, neighboring India is taking a more realpolitik approach to reports of massive rights abuses by the nation’s security forces. Indeed, India is doing its utmost to improve relations while the United States and European Union impose new sanctions aimed specifically at Myanmar’s […]
Myanmar to hold investment fairs to spur development
October 12, 2018 by
Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]
Legislation in the works to regulate multi-level marketing
October 10, 2018 by
Following the government’s prohibition of multi-level marketing via a notification dated September 18, consumer rights advocates and other experts have come out to say more must be done to educate the public about the drawbacks of the system. The notification from the Ministry of Commerce says those found operating MLM-type businesses will face legal action […]
Myanmar to send commercial attaches to more countries
October 4, 2018 by
IN A BID to boost trade with foreign countries, Myanmar will appoint new commercial attaches in more countries in the coming months, said a government official. Khin Maung Lwin, assistant secretary and spokesperson of the Ministry of Commerce, said the ministry is currently training some officials to be sent to foreign countries which have strong […]
Beijing’s involvement in Myanmar peace does not amount to interference
October 3, 2018 by
United States Institute of Peace, a well-known US think-tank, released a report titled “China’s Role in Myanmar’s Internal Conflicts” on September 14 claiming that “China has set aside its stated adherence to the principle of non-interference to become more proactively and assertively involved in Myanmar’s peace process.” The report cast doubts on Beijing’s role and […]
Krispy Kreme enters Yangon, heating up competition
September 7, 2018 by
For generations, Krispy Kreme has been serving doughnuts and coffee in America. Now the chain has decided to enter Myanmar, setting up its first store in Yangon on September 16. The North Carolina-headquartered firm with roots in the United States has been in operation since 1937. U Thu Rein Lin, Krispy Kreme Myanmar CEO, highlighted […]
