Ghosts of 2003 crisis haunt banks

Banks need to clean up their operations and subject their boards of directors, as well as their families, to intense scrutiny if they want to earn the trust of consumers, industry experts said last week. The most recent incident – which followed a familiar pattern where panicked customers attempted to withdraw all their savings from […]

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 […]

Myanmar’s oil and gas boom fuels services scramble

YANGON — As economic and political changes brewed in Myanmar four years ago, Yadana Su Hlaing decided it was time to return home after a decade studying and working overseas to help run Smart Technical Services, the Yangon-based oil and gas support services company founded by her father, K.K. Hlaing. Her timing could not have […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]