There were 46 results found for Myanmar and Retail

There were 46 results found.

Interview

Daw Win Win Tint, CEO and Founder, City Mart Holding: Interview
OBG
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Daw Win Win Tint: Interview What factors do investors need to consider when doing business in retail in Myanmar? DAW WIN WIN TINT: There are three essential factors that investors need to consider. First, the investor needs to understand and become familiar with the country’s regulations and procedures related to the retail and wholesale sector. Second, it is important for them to identify market…

Analysis

Foreign investment liberalisation to benefit Myanmar's untapped retail market
OBG
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Myanmar’s growing retail sector received a boost in 2018 with regulations aimed at encouraging foreign investment in the sector and the economy as a whole, with more foreign brands now entering the market. Foreign investment laws and regulations governing the retail sector were reformed in recent years, paving the way for more foreign players in the local market. In August 2018 the Myanmar…

Analysis

Minimum wage debate must be resolved to continue Myanmar's manufacturing growth
OBG
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Myanmar instituted sweeping increases to the national minimum wage in 2018, boosting the rate to MMK4800 ($3.40) per eight-hour day, up from the MMK3600 ($2.55) rate set in September 2015. The changes come as Myanmar’s fast-paced growth draws an increasing number of rural workers into the larger cities for employment in the surging garment and light manufacturing sectors. Faced with high…

Chapter

The Report: Myanmar 2019: Industry & Retail
OBG
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Myanmar’s manufacturing sector reached a turning point in 2018 as liberalisation, tax reforms, infrastructure improvements and the development of special economic zones helped turn the country from a low-cost regional production base to a rising manufacturing destination with capacity on the rise. The sector has an advantage due to the country’s relatively low operating costs, favourable demographics…

Country Report

The Report: Myanmar 2019
OBG
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Myanmar has been one of the fastest-growing South-east Asian economies for over 25 years, and the country’s macroeconomic performance has continued to experience gains in 2018. Efforts to encourage private sector activity have been detailed in a new long-term development agenda, and recent legislative reforms should further bolster business activities. While external economic headwinds and inter

Economic News

Reforms open up Myanmar’s retail sector to foreign investment

Myanmar’s rapidly expanding retail and wholesale sectors have been opened up to overseas investors, with newly announced reforms allowing for 100% foreign ownership, though some restrictions remain in place. The amended regulations for the retail and distribution trade, issued by the Ministry of Commerce (MoC) and which came into effect on May 9, mean that foreign retailers and distributors are…

Economic News

Retail activity expands in line with robust economic growth in Myanmar

The rising disposable incomes of Myanmar’s rapidly growing middle class are changing the make-up of local retail, driving demand for aspirational goods and quality floor space. Strong retail demand has seen occupancy rates in the commercial capital Yangon rise to 95% as of the beginning of this year, according to a report issued by property consultancy Colliers International. Even with almost…

Analysis

Myanmar government provides further investment incentives for industry and retail
OBG
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With a long-term goal of developing advanced industries, local authorities have been working alongside international agencies and foreign governments in an effort to expand the country’s manufacturing capacity through investments in infrastructure and much-needed power stations. Meanwhile, the adoption of legislation to support special economic zones (SEZs) in 2014 paved the way for growth by introducing…

Interview

U Khin Maung Cho, Minister of Industry: Interview
OBG
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Interview:U Khin Maung Cho How is the government addressing the main challenges to industrial development? U KHIN MAUNG CHO: Industrial development still faces many interconnected challenges that curtail the competitiveness and productivity of our manufacturing sector. Those challenges are identified in the government’s industrial plan, which is aligned with the National League for Democracy’s…

Interview

Daw Marlar Win, Chairperson, UMG Myanmar: Interview
OBG
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Interview:Daw Marlar Win How can the government address the trade deficit? DAW MARLAR WIN: Since the beginning of Myanmar’s democratic transition and political overture, the economy has changed a lot. Several trade barriers were removed, which led to a large influx of foreign investment and new consumer products. Given the low stage of development of the local industrial sector, the opening…

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There were 46 results found for Myanmar and Retail

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