Passenger growth drives +17.7% increase in retail sales at Singapore Myanmar Investco in Q1

Singapore Myanmar Investco Limited (SMI) has reported +6.4% year-on-year revenue growth for the first quarter ended 30 June 2019, to US$5.1 million. The increase was mainly attributable to a +17.7% increase in travel and fashion retail sales, to US$3,938 million, and growth in food & beverage (+56.3% year-on-year) reflecting further outlet expansion. SMI manages duty […]

Retail and F&B spurs improved Q2 results for Singapore Myanmar Investco

Investment and management company Singapore Myanmar Investco (SMI) has reported a small pre-tax profit of US$72,000 for the second quarter to 30 September, reversing losses on the back of a strong performance from its duty free and other retail activities. For the same period last year, the group – which seeks to capitalise on consumer […]

Daibochi expects a better second half with new plant’s contribution

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which on Wednesday reported a 14% dip in first half-year net profit, expects a stronger performance in the second half of the year as it banks on its newly-operational first overseas plant in Yangon, Myanmar. The flexible packaging manufacturer said in a statement that the consumer packaging […]

Duterte: Myanmar should use the many opportunities for education and training that Philippines offer

In his address Duterte, stressed the importance of inclusive economic growth in the region. “In trade and investment, we must sustain our growth rates so that everyone, I mean everyone in our societies enjoy the blessings of prosperity.” Duterte pointed out that previous areas of cooperation have been rather fruitful for both sides in the […]