Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

Sapura Energy was Awarded With Four Separate International Offshore Contracts

Malaysian offshore company Sapura Energy was awarded with four separate international contracts worth over 200 million USD. The company will handled subsea and engineering, procurement, construction and installation works in Myanmar, Brunei, India and Australia, all with foreign which is a positive indication that the company is not just dependent on Petronas for projects and […]

Government Currently Subsidising Electricity Bill

​​ Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in […]

Four Countries Plan Agribusiness Partnerships With Myanmar

​​ China, Singapore, Brunei and Japan are looking to coop-erate with Myanmar in ag-ribusinesses in the country and have proposed a profit and loss sharing system in cooperation with local farmers, official media re-ported last week. Myanmar would need a new law to govern the im-plementation of the system, according to the Myanmar Rice Federation […]

Singaporean Institute Surveys Family-Based Firms in Burma

RANGOON — Singapore Management University’s (SMU) Business Families Institute and consultant company Deloitte have been working together on the first survey of family business in Burma. The KBZ Group of Companies was the first of four businesses to be studied in connection with the research initiative. Titled “Paving a Way for a New Generation: A […]

Malaysia visit for Myanmar citizen still requires a visa

Malaysia is keeping its visa requirements for Myanmar citizens in place for the foreseeable future, Malaysian ambassador to Myanmar Mohd Haniff Abd Rahman has confirmed. It is possible that, in future, Myanmar nationals will be granted hurdle-free entry, he told The Myanmar Times last month, but that will not be any time soon because of issues related […]

BBL pleased as punch in Myanmar

People use services at a Bangkok Bank branch in Bangkok. In neighbouring Myanmar, BBL is content so far with loan growth at its Yangon branch. PATIPAT JANTHONG Bangkok Bank (BBL), the country’s largest lender by assets, expects better than expected loan growth at its Yangon branch this year based on strong demand from both local and […]

Singapore is leading investor in Myanmar’s Thilawa economic zone

YANGON – Singapore is the top investor so far in a huge industrial zone on the outskirts of Yangon, the Eleven Media Group reported, citing the country’s Directorate of Investment and Company Administration. Housing everything from children’s toy manufacturing to a car assembly plant and a deep sea port, the US$1.5 billion (S$2 billion) Thilawa […]

India setting up 9 border trade points with Myanmar

Keen to boost border trade between Northeast India and the neighbouring Southeast Asian countries, the Indian government is setting up nine border haats or markets along the border with Myanmar, a top official said on Wednesday. Addressing the inauguration of the Eighth Delhi Dialogue here, Anil Wadhwa, Secretary (East) in the Ministry of External Affairs […]

Tata Group set to focus on Vietnam, Myanmar

MUMBAI: At least seven companies of India’s oldest conglomerate, Tata Sons, have zeroed in on Vietnam and Myanmar as markets that need to be penetrated into. Growing economies and an expanding middle class, as well as pacts with global powers and tax incentives have made these countries important for firms that seek to reach out […]