Rakhine State Plans to Export 10,000 Tons of Beans to India

Rakhine state plans to export 10,000 tons of Matpe beans to India in the cur­rent fiscal year, which be­gan in April. Official media reported that arrangements are underway to plant Matpe beans in the state during the coming rainy season and will export the sur­plus to the neighboring country, Rakhine State Minister of Planning, Revenue […]

‘One Belt, One Road’ Welcomed With Some Caution

China is convening from Sunday a large two-day summit in Beijing to tout its ambitious “One Belt, One Road” development strategy. The initiative proposed by China’s leadership seeks to promote massive infrastructure projects, spanning 65 countries in Asia and Europe and about 40 percent of global gross domestic product. Many Asian countries, including populous Indonesia […]

Video-On-Demand Service Iflix Teams Up With Local Firm Red Dot

Kuala Lumpur based video-on-demand service, iflix, is now available in Myanmar on month and year long con­tracts, after the company launched in partnership with local payment com­pany Red Dot. After wooing custom­ers with free one month long trials, iflix is now offering the full array of its services starting from K3,000 per month and up […]

Myanmar sees gains in rice, corn production

Rice and corn production in Myanmar is expected to increase in the 2016-17 marketing year, while production of wheat is forecast to fall, according to an April 20 report from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). Rice production in 2016-17 is forecast at 12.2 million tonnes, up from 12.16 […]

Flymya.com acquires UK technology for $600,000

As Tour Operator in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000. Mike Than Tun Win, chief executive officer of Flymya.com, […]

Manila Water seeks bigger projects in Yangon, Bandung

Manila Water Company, a member of the Ayala Group of companies, is planning to submit scaled-up proposals in the third quarter of 2017 for prospective water concessions in Myanmar and Indonesia following the success of its pilot projects. In a press briefing after the firm’s annual stockholders’ meeting, MWC Chief Operating Officer for New Business […]

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 […]

Myanmar Construction Sector ‘a Natural Market for Singapore’ – Surbana Jurong CEO

The construction and engineering sectors in Myanmar “can progress at a much faster rate” than its regional neighbours like Vietnam because it has British building standards and codes, the head of a major urban development con­sultancy has said. Wong Heang Fine, group CEO at Singapore-based Surbana Jurong, said a shared legacy of British rule means, […]

Soccer Diplomacy in Singapore’s ‘Little Burma’

SINGAPORE — A goal kick away from the Toa Payoh Stadium are reminders of the once-close ties between Myanmar and this Singapore neighborhood, home to the Burmese Buddhist Temple and streets named for the towns and rivers of the Golden Land. The arena hosts Balestier Khalsa Football Club, of Singapore’s professional soccer league, and sits […]

Dai-Ichi Life Insurance Opens Myanmar Office

TOKYO — Dai-ichi Life Insurance has opened a representative office in Myanmar, as it looks to increase its foothold in the rapidly developing Southeast Asian insurance market. The Japanese insurer set up office in Yangon in late March, having been given permission by the Directorate of Investment and Company Administration, a government agency under the […]