15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Myanmar is lifting its game on earthquake preparations with initiatives that seek to make new buildings ‘quake-proof’

Students of the Myanmar’s Ministry of Construction training college on the outskirts of Yangon sit patiently listening in an open humid room, their tools stacked under their chairs. At face value, the class would appear to be yet another lesson in theory for for Yangon’s future builders, a standard curriculum for a vocational college. But […]

Fullerton Myanmar welcomes IFC’s investment, expanding access to microenterprises

Fullerton Finance (Myanmar) Company Limited, a licensed microfinance company in Myanmar, announced that IFC, a member of the World Bank Group, has made a $1.2 million equity investment in the company to help the microfinance provider expand lending to smaller businesses and individual borrowers. Myanmar’s financial system is in an early stage of development. Just […]

Floods take a toll on domestic economy

Commodity prices have spiked with the flooding of hundreds of thousands of acres of farmland, hitting domestic consumers in the pocketbook. Experts are calling for a coordinated government and private sector response to ensure the spike does not get out of control. U Ko Ko Gyi, a member of the Pyithu Hluttaw from Mandalay Region […]

Capital Diamond Star Group seeks to raise profile, enter regional markets

Capital Diamond Star Group has kept a low profile for most of its history; at least as much as is possible for a company of 7000 employees and some of Myanmar’s major brands to stay out of the limelight. Beginning as a humble agriculture trading company in Mandalay in the 1960s, it has expanded to […]

Ford opens showroom in the second city

Ford vehicles are now on sale in Mandalay, as the automaker has opened a showroom and service centre in the country’s second-largest city, according to a press statement yesterday. The Dearborn, United States-based automaker opened its first Myanmar showroom in Yangon two years ago, partnering with Capital Automotive, a part of local conglomerate Capital Diamond […]

Capital Diamond Star Group to bring coffee mix to American shelves through venture

3 The brand name has been changed to Ideal Tastes, but the product will be similar to the popular Myanmar brand Premier, according to Lim Chong Chong, chief financial officer for Capital Diamond Star Group, a large local company. Branding on the package of the instant coffee will be in English, Chinese, Spanish, Vietnamese and […]

Capital Diamond Star Group & Mitsubishi in $200m tie-up

Local conglomerate Capital Diamond Star Group and Japan’s Mitsubishi Corporation will form a joint venture for food manufacturing and distribution, according to a press release. The new joint venture, called Lluvia Limited, aims to invest US$200 million over the next three years in new and existing businesses in Myanmar’s food value chain, and eventually compete […]

GEMS Garden Condomium: First two towers finished

Two of the structures are now completed at GEMS Garden Condominium, according to company officials. The development, started in 2013 by Capital Development Limited, a subsidiary of the Capital Diamond Star Group conglomerate, is now planning to finish its last two towers by the end of this year and residents can move in around 2016 […]

Capital Diamond Star Group receives honour from World Economic Forum

Domestic conglomerate Capital Diamond Star Group (CDSG) is one of the first Myanmar companies to be chosen as a Global Growth Company by the Global Growth Company(WEF), according to David Aikman, head of new champions at the WEF. Firms are selected based on their leadership potential in the global economy, with criteria evaluating the firm’s […]