Draft Companies Law designed to remove obstacles for foreign investment

A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]

Dawei port grows busier

The number of cargo ships arriving at and leaving Dawei port in Taninthayi Region has significantly increased this year compared to the same period last year. From January to April last year, 107 ships entered and exited the port trading 56,693 tonnes of goods. However, in the same period of this year, there were 111 […]

Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

Unilever forms Myanmar JV for home and personal care products

May 4 (Reuters) – Consumer goods maker Unilever signed a joint venture deal with Myanmar’s Europe and Asia Commercial Co Ltd (EAC), combining their home and personal care businesses to accelerate sales in a newly emerging market. The joint entity, with annual sales of more than 100 million euros ($109 million), will provide both companies […]

Daibochi Plastic secures regulatory approval for Myanmar JV

Daibochi Plastic and Packaging Industry Berhad has secured regulatory approval from the Myanmar Investment Commission (MIC) for its joint venture (JV) company, Daibochi Packaging (Myanmar) Company Limited (DPM), to commence operations. The company said in a press statement today that DPM is a JV between its wholly-owned subsidiary, Daibochi Flexibles Sdn Bhd and Myanmar Smart […]

Myanmar: The New Hotbed for Satellite

The stunning landscape of Myanmar hides a tempestuous past that features its struggle for independence and eventual democracy. In 2010, the country sat on the cusp of massive change when the military junta handed over power. After 48 years of oppressive rule, a metamorphosis is occurring across the country. The daily lives of Myanmar’s 51.4 […]

Flymya.com acquires UK technology for $600,000

As Tour Operator in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000. Mike Than Tun Win, chief executive officer of Flymya.com, […]

FLM has been granted Myanmar Investment Commission approval for a USD 859 million, fibre optic network deployment.

March 30, 2017 /EINPresswire.com/ — FibreLink Myanmar (FLM) , a Myanmar licensed NFS (i) telecommunications operator, has received its Myanmar Investment Commission (MIC) investment permit clearing the path to the deployment of FLM’s world class fibre network. Following an exhaustive process by MIC, FLM believes that its investment approval was granted based on the importance […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Asahi bringing Calpis to Myanmar

Asahi Group Holdings will begin selling its Calpis Lacto lactic beverage in Myanmar this month, marking the first time the Japanese company has sold Calpis-brand products in the Southeast Asian nation. The drink, which is made at a group plant in Thailand, will be sold primarily in urban areas through a joint venture with a […]