Uber Stuck in Neutral Under Hong Kong Taxi Regime

HONG KONG — Uber Technologies’ ride-hailing service is stalling in Hong Kong, cut off by taxi interests that wield heavy influence in local politics. Law enforcement authorities in May arrested 22 Uber drivers on suspicion of operating without a taxi license or auto insurance. “Some companies … hope they can run their businesses and not […]

Manila Water Inks Deal with WB Investment Arm

Manila Water Co. Inc.’s overseas business unit has signed a memorandum of understanding with the International Finance Corp. (IFC) on working together in projects in the Asia Pacific region, particularly in the south east. This develops as Manila Water Asia Pacific Pte. Ltd. aims to add momentum to the Ayala group’s expansion within the region, […]

Manila Water, IFC to collaborate on water projects in Asia Pacific

PARTNERSHIP FOR WATER PROJECT – Manila Water Philippine Ventures and Manila Water Asia Pacific President and CEO Virgilio C. Rivera Jr. (second from left) and IFC Regional Director for East Asia and the Pacific Vivek Pathak (center) shake hands during the MOU-signing together with Manila Water Company Chairman Fernando Zobel de Ayala (left) and IFC […]

Nang Laung Kham Wins Promising Young Banker Award

Daw Nang Lang Kham, the Deputy Executive Director of KBZ Bank, has been awarded The Asian Banker Promising Young Banker Award, which recognises top bankers in Asia under the age of 40. The award is given by The Asian Banker every three years,  “Daw Nang Lang Kham was chosen for the Promising Young Banker Award […]

Deals Designed to Keep The Lights on in Emerging Markets

Demand for power in the emerging markets of the Asia-Pacific region is rising so fast that authorities often struggle to secure the private international finance needed to keep pace with rising energy needs. In some cases, it is falling to lawyers to tempt international investors to stump up funds for power projects in some of […]

Kamayut Data center launches

Kamayut Data Center launched yesterday in Yangon, offering sales of server collocation space. The center comes after Myint & Associates Telecommunications Ltd (Myint & Associates Telecoms) signed a resale agreement with NTT Communications Ltd (NTT Communications) yesterday. The agreement will enable NTT Communications to resell server collocation space, available from Myint & Associates Data Center […]

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 […]