The Myanmar subsidiary of German retail group Metro AG has raised a US$20m loan from the International Finance Corporation, the private-sector arm of the World Bank. The subsidiary Metro Wholesale Myanmar is a 85pc-15pc joint venture between Frankfurt-listed Metro AG and Singapore-listed Yoma Strategic Holdings, offering one-stop wholesale food service distribution for hotels, restaurants, retailers, […]
Australian, German & NZ Business Chamber Joint Networking Event at Gallery Bar, Sule Shangri-la on 17 Oct 2018 6.30pm
September 11, 2018 by
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Irish building up a head of steam in Myanmar
March 23, 2018 by
When Kieran Rabbitt stepped off a plane and into the heavy Yangon heat four years ago, little did he think he’d still be in Myanmar today, at the cutting edge of the country’s digital revolution. From offices in downtown Yangon, the Athenry native – along with Karim Ainsworth from Belfast – runs Cube Digital. The […]
One of world’s biggest superyachts ‘built using illegal Burmese timber’
April 24, 2017 by
A German shipyard used illegally-sourced teak from Myanmar to construct a superyacht for a Russian billionaire, a public prosecutor has claimed. Nobiskrug shipyard on the river Eider used wood supplied by a Burmese government-controlled firm which was sanctioned earlier this year for exporting teak from threatened forests, lawyer for the state Axel Bieler said. Timber […]
Local resistance fails to halt Myeik coal-fired power plant
March 21, 2016 by
A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission (MIC), despite continuing opposition from the community. Beside Lut Lut village – 12 miles (19.3 kilometres) from Myeik – Than Phyo Thu Mining Company and Myeik Public Corporation […]
Yoma Strategic appointed as Volkswagen importer & distributor for Myanmar
March 17, 2016 by
Yoma Strategic Holdings Ltd. has announced that its wholly-owned subsidiary, Yoma German Motors Limited, signed an importer agreement with Volkswagen Aktiengesellschaft (AG) on 29 February. Under the Agreement, Yoma German Motors Limited will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. The […]
German giant returns to Myanmar
June 12, 2015 by
German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]
Startups in Myanmar Land of temples and tech
March 31, 2015 by
The startup culture germinates in an unlikely place REMARKABLE views greet visitors to Phandeeyar, an open-plan office and events space which sits atop a tower block in the centre of Yangon, Myanmar’s biggest city. Its north windows frame golden pagodas and colonial mansions; to the south weather-beaten cargo ships glide up the Yangon River. The […]
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