Private equity firm casts net on Mekong region

A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]

Myanmar set for transition to digital economy with corporates’ support

FIVE YEARS after Myanmar’s liberalisation of the telecommunications sector, the nation has now over 50 million mobile subscribers, a figure that almost encompasses its total population, and is set for adoption of digital economy with the help of industry leaders worldwide. Myo Swe, deputy director general at the Posts and Telecommunications Department, said earlier that […]

Qatar Airways to boost Myanmar garment export

Qatar Airways Cargo has commenced direct freighter service to Yangon, Myanmar – providing more than 60 tonnes of cargo capacity on the Doha-Yangon-Doha route. The carriers acting chief officer Cargo, Guillaume Halleux, said: “We are delighted to launch our eighth freighter destination for 2017, in line with our strategic expansion to our network and fleet. […]

Ambient Digital Group Appoints Yvette Ces as Regional Associate Business Director

Digital media and marketing solutions company, Ambient Digital Group, has appointed Yvette Ces as Regional Associate Business Director. Her responsibilities will include heading up the Myanmar business to expand on its strong growth. Ces will work from the Yangon office, and be responsible for all sales, marketing and new business activities, as well as back […]

Kaladan woes reflect frustrated Indian vision for Myanmar and Southeast Asia

India’s ambitions to establish a foothold in Myanmar and strengthen ties with Southeast Asia risk being jeopardised by the ongoing Kaladan project. This ambitious venture exposes India’s overseas infrastructure failings, and thus its inability to push rival China aside. Long deterred by Myanmar’s status as a military dictatorship, India has only relatively recently built substantial […]

First Hilton Graduates in Myanmar to Enter Workforce

Twenty-eight graduates of the Hilton Vocational Training Center have officially entered the workforce in Myanmar after having completed two years of diploma study in hospitality management. The graduates are now fulltime employees at Hilton properties in Myanmar. Established in Nay Pyi Taw in September 2015, the Hilton Vocational Training Center was launched by Hilton and […]

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 […]

Aussie lawyers land in Myanmar for rule of law initiative

A special counsel from the CBP construction and engineering practice group has joined lawyers from Japan and Myanmar as part of a special program developed by LexisNexis. In April, CBP’s Charles Brannen helped deliver the first The Juris Pilot curriculum as part of a pro bono rule of law initiative to be rolled out in […]

Myanmar’s burgeoning financial sector attracts foreign suppliers

Foreign companies are rushing in to beef up Myanmar’s financial infrastructure, vying to win orders for ATMs and financial software from commercial banks that are rapidly growing under a civilian government. This month, Diebold Nixdorf, the world’s top ATM supplier, will open its first sales office in Myanmar. It is to be staffed with its […]

Wyndham Hotel Group Launches First Project in Myanmar

​​ One of the world’s largest hotel chains, the Wynd­ham Hotel Group, has launched its first project in Myanmar, a Tryp-branded hotel in Yangon’s Mayangon Township. The Yangon hotel is the first Tryp in Southeast Asia and the second in the Asia-Pacific region after Brisbane, Australia. Other cities with Tryp hotels include New York, Paris, […]