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Philippines Firms Eye ASEAN’s last Frontiers

PHILIPPINE conglomerates are watching out for opportunities in less developed but fast-growing Association of Southeast Asian Nations (ASEAN) members, drawn by the “unique needs” of these markets. Gross domestic product growth projections of the Asian Development Bank, International Monetary Fund, the World Bank and the ASEAN+3 Macroeconomic Research Office for Cambodia, Laos and Myanmar have […]

Myanmar Has Been Obsessed with Korean Culture for Two Decades and Now, The Wave is Hitting

YANGON: Zay Linn Htike remembers as a boy waiting to watch his family’s favourite Korean drama series at home. It was called Autumn In My Heart, a program that swept Myanmar close to two decades ago. “We didn’t have a generator. So if there was an electricity blackout, my mother grabbed me and went to […]

Ayala to benefit from Myanmar investment

DIVERSIFIED conglomerate Ayala Corp. is seen to benefit in the long run from its investment in Myanmar-based Yoma Group. Last week, the listed firm announced that it was acquiring a maximum 20-percent stake in Yoma Group for $237.5 million to further its presence in the Association of Southeast Asian Nation (Asean) region. Ayala Center, Makati […]

Trade War Could be ‘Silver Lining’ for Myanmar

Myanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]

Yoma Shares Surge on $238m Capital Tie-Up with Ayala

The move is designed to strengthen Yoma’s core businesses in Myanmar’s rapidly growing economy. According to a statement released on Thursday morning, Ayala will invest up to $237.5 million in Singapore-listed Yoma as well as Yangon-listed First Myanmar Investment, taking a 20% stake in each company, both of which are controlled by Myanmar tycoon Serge […]

Shan State’s Peace and Tea Leaves

Among Myanmar’s many agricultural products, tea leaves hold a lot of potential for export markets because they are organic product grown naturally, an official with the Myanmar Tea Association says. However, development of the sector is tied to conflict in Shan State, one of the main growing areas for the crop in Myanmar. If a […]

Singapore well-positioned to contribute expertise to infrastructure in region: Infrastructure Asia chief

SINGAPORE – Mention infrastructure in Singapore, and one might think of Jewel at Changi Airport, or the Greater Southern Waterfront development announced in Prime Minister Lee Hsien Loong’s recent National Day Rally. But the city-state is looking beyond its shores to export its infrastructure expertise. Since October last year, Infrastructure Asia (IA), which is jointly […]

What Singapore and Yangon share: a dark colonial past, and existential angst about the future

Sometimes cities are planned down to every last corner, with neat grids and clearly divided zones. And sometimes a city’s future grows up organically around its past, history and aspiration tangling like vines at the heart of a rainforest. One sees all this from the ballroom of Royal Orchid Sheraton Hotel, nestled on the banks […]

Tealive partners MFFT to open five outlets in Myanmar

Malaysian bubble tea brand Tealive has partnered with Myanmar Food For Thought Co Ltd (MFFT) to open five outlets in Myanmar by year-end. This follows its successful launch in the country, its third ASEAN market after Vietnam and Brunei. “We have full confidence in the MFFT team as they are a leading food and beverage […]

Foreigners welcome to set up retail-petroleum business

Foreign oil and gas companies with retail operations can apply to set up their businesses in Myanmar, a senior official with the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. While Myanmar remains the only member of Asean that does not allow 100 percent ownership in retail petroleum operations, it has allowed foreign […]