fbpx

Former legal head of Ola joins PE firm Myanmar Strategic Holding as legal head

Mumbai: The former general counsel of marquee Indian startups including ANI Technologies that runs ride-hailing company Ola and logistics startup Rivigo Services, Anurag Sharma is joining venture capital firm Myanmar Strategic Holdings (MSH) as the General Counsel. “Sharma will be responsible for all corporate, compliance and employment legal issues in the fast-growing Myanmar market,” said […]

Myanmar Court Issues Arrest Warrant for US Citizen in Alleged Marijuana Farming Case

MANDALAY—The Myingyan District Court in Mandalay Region has issued an arrest warrant for a US citizen who went missing amid charges over his alleged operation of a marijuana plantation. John Fredric Todoroki, 63, was arrested in April 2019 for allegedly growing marijuana along with two Myanmar nationals working for III M Global Nutraceutical Company at […]

World Bank: Myanmar Must Push Deeper Reform for Inclusive Economic Growth

YANGON—The World Bank’s latest research says Myanmar needs deeper reforms to achieve strong and continuing economic growth, including steps to strengthen financial management, promote peace and enhance environmental sustainability. The new World Bank report “Myanmar: Economic Transition Amid Conflict; A Systematic Country Diagnostic,” says the government needs to implement these deeper reforms to ensure long-lasting […]

Myanmar, India to sign six MoUs

Myanmar will sign six Memorandum of Understandings (MoUs) with India during President U Win Myint’s four-day goodwill visit to India, said U Zaw Htay, Spokesperson of Myanmar President Office, at a press conference at the Presidential Palace in Nay Pyi Taw on 21 February. Six MoUs to be signed by Myanmar and India are: Cooperation […]

Chinese bag maker shuts down in Myanmar over COVID-19

A Chinese-owned bag factory in Yangon abruptly announced its shutdown on Monday due to a lack of raw materials caused by the COVID-19 epidemic in China. The Lucky Sky Bags factory in Mya Sein Yaung industrial zone in Hlaing Tharyar township gave no notice to its workers, some of whom were on strike, before shutting […]

Grab bags $700m from Mitsubishi UFJ

Japan’s Mitsubishi UFJ Financial Group Inc is investing more than US$700 million in ride-hailing firm Grab. The Japanese financial institution intends to market a range of financial services from insurance to loans to Grab’s users, Bloomberg quoted a source as saying. Grab is also backed by Japan’s SoftBank Group Corp, which has invested more than […]

A clouded future for e-cigarettes in Myanmar

The law is vague on the status of vaping in Myanmar, and the Ministry of Health and Sports may ban e-cigarettes before changes can be made to the relevant legislation. By YE MON and EAINT THET SU | FRONTIER THE camera pans along a row of single-use Flow e-cigarettes, each in a different coloured box […]

Virus outbreak could impact Myanmar garment factories by March

The Myanmar Garment Manufacturers Association (MGMA) says it fears that half the garment factories in the country may have to shut down temporarily as soon as March, due to a shortage of raw materials from China. The association announced this during a press conference at the Union of Myanmar Federation of Chambers of Commerce and […]

Vietnam Eases Border Trade Restrictions With China to Help Virus-Hit Businesses

HANOI/LANG SON—Vietnam has eased restrictions on cross-border trade with China to prop up economic activities hit by the new coronavirus, the Ministry of Industry and Trade said on Thursday. China is Vietnam’s largest trading partner and the Southeast Asian country’s manufacturing sector relies on it for materials and equipment. China is also Vietnam’s key market […]

Yangon Water Bus to use Singapore, Thai ferries when service resumes

The Yangon Water Bus river transport service has ordered passenger ferries from Singapore and Thailand to replace its old vessels once it resumes operation, the company that runs the line said. Daw Tint Tint Lwin, chair of Tint Tint Myanmar Co., said it has also sought the help of a Singapore company in linking its […]