Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties

Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union of Myanmar Federation of Chamber of Commerce and Industry on Friday signed a memorandum of understanding (MOU) with CCI […]

Kanbae Towers Aims for New 2019 Deadline After High-Rise Halt Delays

The developers of the Kanbae Towers project, five high-rise buildings featuring condos and retail space east of Inya Lake in Yan­gon, are planning to com­plete construction in just over two years. A representative from the sales department for the project, backed by China’s Toener Invest­ment, said the company was aiming for a July 2019 deadline. […]

Over $830 Million Invested in Myanmar by UOB Clients

Over $830 million has been invested in Myanmar via United Overseas Bank’s clients since it opened a branch in Yangon in 2015, the Straits Times reported on 17 April. Most of the capital has come from multinational and regional companies based in Asian economies such as China, Malaysia, Singapore and Thailand. A UOB survey of […]

Yangon and Hong Kong: A forgotten tale of two cities

To many people in Hong Kong, Myanmar might sound exotic and unfamiliar. The fact remains, however, that the country, formerly known as Burma, and our city both used to be British colonies and have close ties with each other. Yangon (also known as Rangoon), Myanmar’s largest city and former capital, was once a key trading […]

Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

Taiwan’s ‘Little Burma’

A short five-minute walk from the Taipei metro terminal station of Nanshijiao lies Huaxin Street. It is here, nestled away in the concrete jungle that makes up Zhonghe District — one of the most densely populated parts of the planet — that Taiwan’s Burmese population has settled over the past several decades. The roughly 40,000 […]

Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber

Myanmar’s Asia Green Development Bank Ltd. is seeking foreign partners and has held talks with Uber Technologies Inc. as it seeks to harness digital platforms to service the most under-banked country in Asia. The lender’s search for ride-sharing partners included “very preliminary” discussions with Uber’s Myanmar head, AGD Bank’s Managing Director Htoo Htet Tay Za […]

Myanmar’s Max Looking for Financial Services, Banking Partners

Max Myanmar Holding Co., a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

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 […]