Is country ready for full foreign investment in education?

According to the Directorate of Investment and Company Administration, Singapore, New Zealand, and Australia are interested in investing in Myanmar’s education, with Singapore having conveyed the most willingness. The Myanmar Investment Commission (MIC) has allowed foreigners to make full capital investment in Myanmar, according to notification 7/2018 issued by the MIC on April 20. Thus, […]

Skiold enters Myanmar market

The Danish company Skiold has entered the Myanmar market. The company, which has its headquarters in the small Danish town of Sæby, specializes in providing equipment for full-line pig farms, feed production plants and project solutions for the feed, grain, seed and pig industries. Since 2000, the company has moved its businesses into Asia and […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Teaching upgrade plan to start in December

A pilot programme to upgrade education colleges will begin in December 2018 at two colleges, according to U Aung Aung Min, deputy director general of the Department of Higher Education. The programme aims to upgrade teaching quality by increasing teacher qualifications, in line with the National Education Strategic Plan (2016-2021). Part of the plan is […]

Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports

Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Uber Doubling Down in Vietnam, Cambodia, Burma with New Leaders

RIDE-HAILING giant Uber has introduced two new members of its Asia-Pacific leadership team as it looks to enhance its service to riders and driver in Vietnam, Cambodia and Burma (Myanmar). Vietnam was one of Uber’s first countries in Asia, while Cambodia and Burma are some of Uber’s newest markets globally and the company says the […]

Private Equity Investors Eye Myanmar’s Digital Economy as Interest Rises

Investor interest in Southeast Asia’s digital and technology start-ups has been on the rise of late, with private equity firm Belt Road Capital Management (BRCM) injecting A$2.25 million in Digital Classifieds Group (DCG), an online classifieds business, on Thursday. Although based in Australia, DCG has launched online portals in countries such as Cambodia, where it […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Myanmar to Become Member of APN, Upgrade Card-Based Services

​​ Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU). MPU has already met with officials from APN, and is waiting for the membership announcement to be made, […]