Young entrepreneurs thrive in Myanmar 0

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Yangon, Myanmar

Yangon, Myanmar

Reposted from The Financial Times
By Gwen Robinson

At midnight on the roof terrace of The Street Bar & Restaurant in central Yangon, a DJ mixes rhythmic Myanmar rap with western club vibes. The fashionably-dressed clientele, local and foreign, lounge on sofas, sipping exotic cocktails.

The buzz at this popular new hangout reflects remarkable changes in the city’s atmosphere since President Thein Sein took office early last year, ushering in new freedoms alongside economic reforms. Before then, this area, like many parts of the former capital, was deserted by 9pm.

More significant are changes embodied by The Street’s five young owners, all locals in their 20s, who pooled their savings to start the business. After graduating in business management in Singapore, the five returned to Yangon to establish companies ranging from consumer goods distribution to IT services. [...] – Please visit the Financial Times’ website for the full article.

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