SmartComm World expands to Myanmar and North America

Singapore 18 August 2019 – SmartComm World (SCW) today announced that they have opened two new offices. SmartComm World (Americas) LLC – Americas HQ has been incorporated in Delaware, USA. Having a large domestic population that communicates in Spanish, English and Chinese, facing increasing labor cost and having large numbers of tourists visiting its shores, […]

€8 million funding for trade initiatives

The European Union (EU) will provide assistance of up to 8 million euros over four years for the implementation of ARISE Plus Myanmar initiatives that will help the country integrate better with Asean economies in line with the Asean Economic Community Blueprint 2025. A financing agreement was recently signed with officials from the EU, the […]

TPBI signs Myanmar MoU

SET-listed TPBI Plc, a plastic packaging maker, has signed a memorandum of understanding (MoU) with a local partner in Myanmar to build a factory there to serve export demand. Chief finance officer Kamol Borrisuttanakul said TPBI signed an MoU with Myanmar Start Group to start a feasibility study to expand plastic packaging business in Myanmar […]

Y&R Yangon strengthens senior management as expansion in Southeast Asia continues

Y&R Yangon has made three senior appointments as part of the network’s continued expansion in Southeast Asia. Mohit Pise takes on the role of general manager and Milla Chaplin that of strategic planning director, while Khin Myat Thu has been promoted from general manager to chairwoman. The new team will focus on Y&R Yangon’s existing […]

Macau seeks business opportunities in Myanmar

The Macau Myanmar Friendship Association (MMFA) organized a business trip to Yangon and Bagan with the expectation of developing trade relations with the country, TDM reported. MMFA perceives Myanmar’s new government as promoting a healthy environment for young companies from Macau that wish to expand their businesses to the country. The visit is seen as […]

Taiwan Cooperative Bank opens representative office in Yangon

Taiwan Cooperative Bank (合庫銀), the banking arm of Taiwan Cooperative Financial Holding Co. (合庫金), opened a representative office in Yangon, Myanmar Thursday, making the office the fifth foothold of the bank in the fast-growing Association of Southeast Asian Nations (ASEAN) market. The four other outlets in the ASEAN market consist of one branch located in […]

Ch Karnchang eyes inroads into Myanmar

THAI construction firm Ch Karnchang has teamed up with its subsidiary TTW to explore business opportunities in Myanmar. TTW is conducting a feasibility study on water-treatment plants, starting with one in Mawlamyai. It expects to announce a decision early in the new year. “We’ve been working on expanding into Myanmar in the past few years. […]

Myanmar Offers Growth Opportunities To Indian Companies

Indian Prime Minister Narendra Modi is slated to attend the East Asia summit in Myanmar in November. Speculations are rife that investments that will be made in the country. According to a senior official of Indo-Myanmar Chamber of Commerce and Industry, several Indian companies may expand enormously in Myanmar. He said that “There is little […]

Channel NewsAsia launches Yangon bureau

YANGON: Channel NewsAsia held its Business Insights Seminar in Yangon on Thursday as part of the official launch of its Yangon bureau. Participants agreed that laws in Myanmar are still vague and uncertain, despite progress made in the legal environment. But many are still optimistic about the business opportunities the country has to offer. Launching […]

Taiwan Manufacturers to Tap Myanmar, Laos Market

Taiwan’s top trade promotion body said last week that it will organise tours to explore business opportunities in Myanmar and Laos in March, targeting the industrial product market in the two countries, where demand for machinery and power supplies is high. In Myanmar, demand for imported machinery is high in the agricultural and industrial sectors, […]