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Home-grown talent bring digital transformation to Myanmar enterprises

A GROUP of Myanmar whizz kids have set their hearts on becoming an integral part of Myanmar’s digital transformation journey by building up their own venture Nexlabs, a digital consulting firm focused mainly on digital solutions for companies to improve their business performance. Ye Myat Min, co-founder and chief executive of Nexlabs, said in an […]

Singapore Myanmar Investco in share sale agreement to dispose unit for US$10.8m

MAINBOARD-listed Singapore Myanmar Investco (SMI) on Monday announced that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR, which was incorporated in Myanmar in 2014, is a subsidiary of MIG, and the […]

Chinese hotpot chain to arrive in Myanmar by year’s end

YOMA Strategic will launch Myanmar’s first franchise restaurant, Little Sheep, later this year. Little Sheep originated from China’s Inner Mongolia Province in 1999 and now has 300 outlets across 120 regions. A subsidiary of Yum China Holdings, the Baotou-headquartered restaurant chain is renowned for its hotpot broth made from a wide variety of herbs and […]

Daibochi’s Myanmar ops lift 1Q net profit by 12%

KUALA LUMPUR (May 14): Daibochi Plastic and Packaging Industry Bhd said its new consumer packaging plant in Yangon, Maynmar, which commenced operation last July, helped lift its latest quarterly net profit by 12.3% to RM6.48 million, from RM5.77 million a year ago. This resulted in higher earnings per share for the quarter ended March 31, […]

Singapore Myanmar Investco signs deal to develop The Coffee Bean & Tea Leaf brand in Myanmar

MAINBOARD-listed Singapore Myanmar Investco (SMI) announced on Monday that it has secured an exclusive deal to set up and develop The Coffee Bean & Tea Leaf (CBTL) brand in Myanmar, expanding its arrangement with the coffee chain. Under the agreement, SMI will expand the CBTL brand across Myanmar, with the first CBTL outlet opening under […]

Henkel Thailand expands footprint in consumer sectors

Building on 45 years of success in Thailand, Henkel continues to expand its presence in the adhesives and hair businesses and is aiming for greater growth, especially in the consumer sectors. Thailand has a large consumer market and a growing middle class, which are fueling the growth of various markets, such as automotive, beauty, electronics, […]

Singapore’s Fraser & Neave Says in Beer Spat With Myanmar Partner

Singapore property and drinks conglomerate Fraser and Neave said on Thursday its joint venture partner, which is run by Burma’s military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery. The brewery represents only a small part of F&N’s business but losing its stake would mean being shut out of one of […]