South Korea’s NongHyup Financial Group Inc. together with Myanmar’s HTOO Group will start a financial service for farming equipment businesses in the Southeast Asian country in the second half with this year, the company said Sunday. Two parties had signed a memorandum of understanding to cooperate on setting up a financial service business for the […]
Myanma Insurance to pay indemnities to Htoo Group
November 16, 2017 by
THE fire incident at Kandawgyi Palace Hotel will be classified as being 100 percent burnt-down and indemnities will be given within this month, U Lwin Oo, deputy general manager from Myanma Insurance, told The Myanmar Times. Yangon’s iconic Kandawgyi Palace Hotel, owned by U Tayza’s Htoo Group, was destroyed by a fire in the early […]
Damages at Kandawgyi Palace Hotel being inspected for insurance
October 26, 2017 by
Yangon’s iconic Kandawgyi Palace Hotel, which was destroyed by a fire in the early hours of October 19, will be covered by insurance, according to U Lwin Oo, Deputy General Manager, Fire and Engineering Works Insurance Section, Myanma Insurance. The Htoo Group, which owns Kandawgyi Palace Hotel has bought insurance worth almost K1.5 billion for […]
Oiling the wheels of the super-rich
September 22, 2017 by
Nyi Nyi Lwin, owner of newly opened luxury car workshop Optima Werkz Yangon, first developed a love for fast cars during his university years in Australia about a decade ago. That passion has grown in the years since he began dealing in luxury cars since returning to Yangon. Today, he and his family, who run […]
Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber
March 16, 2017 by
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 […]
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