Nay Pyi Taw needs to ensure investors aren’t misled over Rakhine crisis

Interview with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association THE responsibility lies squarely with Nay Pyi Taw to ensure that foreign investors are not misled over the Rakhine crisis, according to a manufacturer association. The Myanmar Times sat down with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Thai Investors Urged to Expand in Neighbouring Countries

Labour-intensive industries, agricultural processing, electricity, garments, hospitality, retail, and spa are potential sectors where Thai investors can expand their investments in CLMV (Cambodia, Laos, Myanmar, and Vietnam), private experts who have invested in the CLMV countries said. “We welcome Thai investors to expand their investment in agriculture, organic farmer, energy, tourism, and hospitality business,” Phouvong […]

Ichitan Group launches T247 energy drink

The company plans to begin its marketing activities in Myanmar this August. It has already made moves into Cambodia, Laos and Vietnam. Its joint venture in Indonesia has started to see high sales, totalling 2 million cases in the first five months, against its initial target of 3 million cases for the whole of 2017. […]

Italthai aims to double revenue

Under the plan, the group wants to deepen its presence in the immediate region with a focus on the so-called CLMV countries: Cambodia, Laos, Myanmar and Vietnam. For its construction-equipment and construction business operations, Laos and Myanmar, in particular, are recognised as key markets for expansion. The group has Asia more broadly in its sights […]

Cambodia, Myanmar Pledge to Enhance Trade, Tourism, Education Ties

​​ Cambodia and Myan­mar have pledged to enhance their bi­lateral relations in trade, tourism and education, according to a Cambodian senior official. The pledge was made during a meeting between Cambodian Prime Minis­ter Samdech Techo Hun Sen and visiting Myanmar President U Htin Kyaw, said Eang Sophalleth, an assistant to the prime minister. Htin Kyaw […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Thai AirAsia adds Mandalay flight

Thai AirAsia (TAA) is to introduce a second daily flight from Bangkok to Mandalay to meet stronger demand. The additional service will commence on March 17, expanding the low-cost carrier’s (LCC) footprint in the emerging travel market. Santisuk Klongchaiya, commercial director for TAA, said the airline’s services to Myanmar have grown in popularity as Thais […]

Millcon Thiha GEL Foresees Advantages in Being Steel First-Comer in Myanmar

MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being […]

Myanmar consumers trust quality of Thai products, survey finds

SANTIPHONG Pimolsaengsuriya, chief executive officer of Havas Riverorchid, a marketing communication specialist in the CLMV markets (Cambodia, Laos, Myanmar and Vietnam), said Myanmar’s potential was clear from a survey the group did in May. It involved 504 respondents in Myanmar, who rated their trust in products made locally and from major exporters including Thailand, Singapore, […]