Daw Aung San Suu Kyi, at Myanmar-Japan Investment Dialogue on Economic Recovery After COVID-19 and New Investment Opportunities, held on July 29, has invited investments for a new industrial park in the west of Yangon and a new economic zone in Mon State. “Quality job creation remains at the heart...
As this issue goes to print, the new coronavirus has infected over 126,000 people in 124 countries around the world, with death toll topping 4,600 and more than 68,000 people now recovered. Myanmar has had no reported cases, but experts worry that there could be people who are infected...
Myanmar Economic Holding has filed for winding-up of its brewery business called Myanmar Brewery Company Limited, which produces Myanmar Beer, Adman Gold, and Black Shield as well as Kirin Beer, according to the announcement published in Myanmar Alin Newspaper on November 22. The announcement said that Myanmar Economic Holding will...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13. Although local media reported that the robbers got away with money as...
Written by Ei Thandar and Tin Maung Oo Food, clothing, and shelter are the basic necessities that humans need access to. Helping people meet their need for shelter is one of the mandates of the Construction, Housing, and Infrastructure Development Bank (CHID). We recently sat down with the bank’s chief...
Germany-based international wholesale company METRO has announced that it will cease its foodservice distribution business in Myanmar due to the volatile investment and business environment in the Southeast Asian country, which is expected to continue for some time. "We made this decision with regret because we started 2019 with positive...
Jeanna Smialek (New York Times) WASHINGTON The Federal Reserve left interest rates unchanged at its final meeting of the year on December 11, and officials signaled an indefinite pause as the U.S. economy chugs through a record-long expansion on what appears to be sustainable footing. Officials penciled in no rate changes next...
Thai investors have shown interest in making comprehensive tourism investment in Kawthaung and Myeik archipelago, Tanintharyi Region, according to U Thant Sin Lwin, Deputy Director of the Directorate of Investment and Company Administration (DICA). “There are email inquiries asking how many islands and roads are in the archipelago,” said the...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report (CRR) , produced in partnership with the medical equipment supplier Okkar Thiri. While no economy remains immune to...
There are three things the Draper Startup House Yangon is full of – young startups, entrepreneurs and worldwide travelers. Take a seat at the hostel’s watering hole, a bar supported by HAPA Coffee & Cocktail, and the murmurs of startups, VCs, entrepreneurs and digital nomads at neighboring tables will...