Uber Gets Its Show on The Road in Myanmar

YANGON — Ride-hailing giant Uber Technologies began serving Myanmar’s largest city Thursday, aided by the spread of 4G mobile communications technology. The U.S. company will likely face stiff competition from local startups. With Uber, the passenger specifies pickup and drop-off locations for the app to find a nearby registered driver. A clear price is set […]

2 Japanese Mega Firms Enter JV in Myanmar

​​ IN A BID to fill the gap of limited foreign investment in Myanmar’s agricultural sector, Japanese diesel engine manufacturer Yanmar and global trading firm Mitsui & Co on Tuesday launched a joint-venture sales business in the nation’s commercial hub. Operating under the name, ‘Yanmar Myanmar Co Ltd’, the import and wholesale agricultural machinery business was […]

Myanmar Millennium Group and Atos sign for banking services

In another sign Myanmar’s financial services industry is moving forward, French digital services firm Atos has made its market debut through a partnership with Myanmar Millennium Group (MMG), with the two businesses signing a memorandum of understanding on October 17. The link-up, which will bring Atos’ banking service offering to Myanmar, connects the foreign IT […]

Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development. The Melia Hotel Yangon will be part of the mixed-use Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel near Inya Lake. HAGL Group chief executive Vo Thuong Son […]

Cheap Coal Tipped to Fuel Energy-Starved Myanmar

Burma’s future electricity needs are more likely to be fueled by coal than the oil and gas believed to be sitting beneath the seabed in offshore territorial waters, energy experts predict. Coal is rapidly becoming the fuel of choice for companies investing in new power-generating plants across the 10 Asean member states because of cost […]