Arroyo Toasts Leaders of Cambodia, Myanmar at Welcome Dinner in Clark

CLARK FREEPORT ZONE, Pampanga — Former President and now Pampanga Rep. Gloria Macapagal-Arroyo hosted on Saturday a welcome dinner for Cambodian Prime Minister Hun Sen and Myanmar State Counsellor Aung San Suu Kyi here just before the three-day Association of Southeast Asian Nations (Asean) Summit. The leaders landed at the Clark International Airport early in […]

Vietnamese garment industry faces fierce competition from China, Myanmar

Competition in the world garment market is forecast to be stiffer, not only with China but also with countries such as Myanmar and Cambodia as they increase competitive pressures on Vietnamese products. The information was announced at a seminar on the prospect of garment exports in 2018 held in Ho Chi Minh City on November […]

Dilemma on minimum wages could lead to better productivity

Concern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar (CTUM), […]

A stronger FY2017 seen for Zhulian

MULTI-level marketing (MLM) company Zhulian Corp Bhd’s earnings continued to rebound in its third quarter ended Aug 31, 2017 (3QFY2017), pointing to a strong finish for its full financial year. This expectation is reflected in its share price gains since the beginning of the year. Year to date, the counter has risen 40% to RM1.75 […]

How EuroCham Myanmar helps Myanmar’s economy

Filip A. Lauwerysen is the Executive Director at the newly established EuroCham Myanmar (European Chamber of Commerce in Myanmar) since September 2015. Mr Lauwerysen is a Dutchman who graduated from Leiden University in the Netherlands with a Bachelor and Master of Arts in History, specialised in European globalisation (mainly in Asia). Then he also went […]

Newest Myanmar noodle chain has Japanese roots, local prices

TOKYO — One of Japan’s top purveyors of noodles is setting up shop in Myanmar’s biggest city this month, hoping to cater to a growing middle class hungry for cheap food. Bowls of rice noodles in broth will sell for 650 kyat (48 cents) at the Yangon restaurant operated by a local joint venture of […]

Thitikorn revs up for full entry into Myanmar market

Thitikorn (TK), a leading Thai hire-purchase provider in the motorcycle segment, is entering the Myanmar market with plans to operate a new company – Mingalaba Thitikorn Microfinance – established with registered capital of 200 million kyat (Bt4.85 million). Myanmar is the third overseas country in which the listed company has invested, after Laos and Cambodia. […]

ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

ASEAN migrant remittances equal to Myanmar GDP

JAKARTA — Vast differences in living standards and wages across Southeast Asia have driven a massive rise in migration in the region since the mid-1990s, resulting in an estimated 6.77 million migrant workers sending home substantial chunks of their often meager wages to support families in poorer areas. According to a World Bank report released […]

Singapore startup SolarHome provides cheap solar energy home systems in Southeast Asia; raises funding

Singapore-based startup SolarHome has closed an oversubscribed Pre-Series A round at US$625,000. The round was led by Uberis Capital, with participation from Beenext VC and other regional investors. This round, combined with an earlier seed funding from Singapore-based venture builder Forum Capital, brings SolarHome’s total financing to US$1.1 million. SolarHome plans to use the funding […]