Asian law firms open offices

Two large foreign law firms officially set up shop in Yangon on June 23, claiming to be driven by growing interest in Myanmar from regional businesses. South Korean law firm Yulchon received permission to open earlier this year, and has other offices in Hanoi and Ho Chi Minh. It has set up in Junction Square […]

Colgate-Palmolive to open factory in Myanmar

The Myanmar Investment Commission (MIC) has given U.S. company Colgate-Palmolive a licence to produce commodities in Myanmar. The company applied to the Directorate of Investment and Company Administration (DICA) to create Colgate-Palmolive (Myanmar) Ltd., and was granted permission on May 29. The MIC fully licensed the company on June 13. “We’ve experienced that Western companies […]

Wong Partnership becomes the latest to venture into Myanmar

WongPartnership has become the latest Singaporean firm to open an office in Myanmar, as the firm launches a regional strategy. WongPartnership has opened a base in Myanmar’s Yangon, its second in the Association of Southeast Asian Nations (ASEAN) region. The latest opening comes after it entered into Malaysia by forging a strategic alliance with Malaysian […]

Huge growth potential for Myanmar’s insurance industry

One in 86 people in Myanmar has insurance policies. This means huge growth potential, but not everyone is convinced that the country is ready to open the market to foreign firms. YANGON: Myanmar may only allow foreign insurance firms to operate in the country in 2018. The government had earlier signalled it may open the […]

MTC opened to woo foreign buyers

The Myanmar Trade Centre has been opened to boost the country’s exports and woo foreign buyers. The MTC, officially launched on Saturday, is located at Yangon office of the Commerce Ministry. MyintSwe, the PM of Yangon Region and other regional government officials, Win Myint, the union minister of commerce and other officials, Win Aung, the […]

Myanmar to open another trade centre on Thai border

The construction of Maisal Trade Centre in Kayah State along the border with Thailand has just been completed and the government plans to open the border gate soon. This will be the 7th border trade centre between Myanmar and Thailand. Its construction cost a total of Ks 110 million (US$ 110,000), according to the Ministry […]

Banking – another business step of Shwe Than Lwin

The business empire under Shwe Than Lwin has proposed to open a financial institution, Shwe Rural and Urban Development Bank. In the application for commercial and investment banking license, Shwe Than Lwin said the initial investment capital would be Ks 10 billion, partly financed by the profit earnings from the sale Sky Net TV signal […]

Hilton Worldwide Signs Agreement For Five Hilton Hotels & Resorts Properties In Myanmar

Hilton Nay Pyi Taw and Hilton Ngapali Beach Resort to open in October 2014 as first Hilton-branded properties in Myanmar Hilton Worldwide today announced the signing of management agreements with Eden Group Company Limited for five Hilton Hotels & Resorts properties in Myanmar. The partnership with Eden Group represents another significant milestone for Hilton Worldwide’s […]

US to open foreign trade service branch in Myanmar’s Yangon

YANGON, June 6 (Xinhua) — The United States will open a foreign trade service branch in Myanmar’s Yangon in a bid to boost trade ties with the Southeast Asian nation, according to state media Friday. It was touched upon when Myanmar President U Thein Sein met with visiting U.S. Commerce Secretary Penny Pritzker in Nay […]

Media Intelligence to open Yangon branch

Media Intelligence will open a branch in Yangon next week to provide media specialist services. Media Intelligence Myanmar is being set up in the country’s commercial capital to cash in on the trend of the advertising industry of the separation of media specialist agencies to be in charge of activities such as planning and buying. […]