Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

Oway Group receives private equity to expand in competitive taxi market

Oway Group last week received $7 million in fresh funds from Mekong-focused private equity firm Belt Road Capital Management (BRCM), which is headquartered in Cambodia. The online travel service provider, which is founded by local entrepreneur Nay Aung, operates the mobile taxi-hailing service Oway Ride as well as oway.com.mm, Myanmar’s largest online travel portal. The […]

Private equity firm casts net on Mekong region

A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]

Siam Cement sees opportunities along Belt & Road

Thai conglomerate’s CLMV investments will pave way to China and India, CEO says HONG KONG — Thai industrial conglomerate Siam Cement Group will look for investment possibilities in South China and India in the years ahead, as China shapes its vision of the Belt and Road Initiative, President and CEO Roongrote Rangsiyopash said Monday. The […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Some businesses see positive impact from higher minimum wage

The Myanmar daily minimum wage has been set at K4,800, which is a rise of 33 percent from the K3,600 workers were drawing previously. The change was announced by the National Committee for the Minimum Wage on Monday. The change comes after months of negotiations between business owners and workers unions. Before the current wage […]

Myanmar inches slightly ahead of Laos in latest graft index

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

Vietnamese mobile carrier enters Myanmar in foreign drive

HO CHI MINH CITY — Viettel Group, the largest mobile network operator in Vietnam, said it will launch its services in Myanmar next month. Myanmar will be Viettel’s 10th foreign market, following the launch of operations in countries including Cambodia, Laos and Mozambique. Viettel, owned by Vietnam’s Defense Ministry, said on Tuesday it had successfully […]

Lao Casino Kingpin Zhao Wei Denies US Treasury “Criminal Organization” Designation

Notorious Lao casino operator Zhao Wei has publicly denied the the US Treasury Department’s assertion that his business empire constitutes a “transnational criminal organization.” The Chinese national, who owns the Kings Romans Casino in the Golden Triangle Special Economic Zone (GTSEZ) where Laos, Thailand and Myanmar (Burma) meet, has decried the US allegations as “a […]

Myanmar airline arrivals up

CHIANG MAI, 25 January 2018: Myanmar recorded 1.3 million tourist arrivals at its main aviation gateway Yangon International Airport, the country’s Myanmar Tourism Marketing reported at the ASEAN Tourism Forum. The annual ASEAN Tourism Forum (ATF), opened at an elaborate gala dinner at Chiang Mai’s Royal Park, Rajapruek on Wednesday evening, 24 January. MTM reported […]