fbpx

FMI posts record profits for FY 2019

YANGON—First Myanmar Investment Public Company Limited (FMI) posted revenues of 297.7 billion kyats (US$196.3 million) for fiscal year 2019, a 36-percent increase over last year, the company’s chief operating officer announced at a press conference over the weekend. FMI—a part of the Yoma Group of companies—attributed the growth to strong performances from its Yoma Bank […]

THG’s Yangon hospital taps high-end demand

Thonburi Healthcare Group (THG) has expended its presence in Myanmar by opening a new private hospital in Yangon in March to leverage the country’s growing demand for higher-end healthcare. The group said Ar Yu International Hospital will serve as an alternative for Myanmar citizens and expatriates instead of travelling to Thailand. The new hospital is […]

New Yangon Specialist Hospital to open in 2 years

The new Yangon Specialist Hospital, a state-of-the-art medical facility, will be completed in two years with the help of Japan’s International Cooperation Agency and the Department of Medical Services. Japanese Ambassador Ichiro Maruyama said Prime Minister Shinzo Abe had given the green light for the project. “Our Prime Minister approved this project in coordination with […]

Deadly secret: The illegal abortions killing Myanmar’s women

Yangon, May 2 (AFP) Thiri’s heart started pounding and her whole body shook after she swallowed the final dose of pills that would end her unwanted pregnancy in a Yangon hotel. Her boyfriend had abandoned her after finding out she was pregnant — a familiar story in Myanmar, where many consider women “ruined” if they […]

Mitsubishi Corp. Courts Myanmar’s Wealthy With New Hospitals

TOKYO — Mitsubishi Corp. will team with local companies to establish medical complexes in Myanmar, where a growing health care market is being fueled by the increasing number of middle- and upper-class residents. The first facility, to cost about 10 billion yen ($90.4 million), will be a general hospital set to open in 2020. The Japanese trading […]

BDMS unit opens medical lab in Yangon

National Healthcare System Co Ltd (N Health), a healthcare business unit under Bangkok Dusit Medical Services Plc (BDMS), launched a medical laboratory in Yangon on Monday with local partners to tap growing opportunities there. This investment in Myanmar is a major step for N Health as we plan to add more branches across the region, […]

Thai firm N Health launches joint venture to open Myanmar’s first private medical lab

Narongrid Galaputh, chief executive of Non-Hospital Group of Bangkok Dusit Medical Services Public Co Ltd (BDMS) and managing director of N Health, said at a media briefing that the firm is proud to become the first government-licensed private medical laboratory in the neighbouring country. “We are here because we believe in the future of Myanmar. […]

Japan grants US$ 501,075 for three school constructions and road upgrading in Rakhine and Mon States, Magway Region

Ambassador of Japan to Myanmar, and Chairpersons of the Construction Committees from States and Region Mr. Tateshi HIGUCHI concerned signed the grant contracts for four projects on Monday. Japan’s Grant Assistance for Grassroots Human Security Projects (GGP) Scheme will provide a total of US$ 501,075 to the project for construction of Shwe Ze Ti Monastic […]

Deltapath introduced in Myanmar market

Deltapath, a leading provider of multi-vendor compatible unified communications, was introduced to the Myanmar market so as to widely use its service in the country, it is learnt. Deltapath joined hands with Polycom, the leader in HD video conferencing, voice conferencing and telepresence, so as to offer web conferencing and video on mobile devices. Deltapath […]

Myanmar’s Myitsone dam project faces uncertain future

The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US dollars, are mounting MYITSONE, Kachin: The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US […]