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Cambodia’s Meal Temple Group invests in Myanmar’s food delivery startup Freshgora

Meal Temple Group, a Cambodia-based food delivery and logistics company with operations in Laos, has announced a strategic equity investment into Freshgora.com, an on-demand food and grocery delivery startup in Myanmar. As per the deal, both companies will address the market in Myanmar and expand operations nationally. In the long run, the companies will add […]

Nordic Group Expands into Thailand

Yangon 22 May 2019 In an unusual example of outward investment, Myanmar Logistics provider Nordic Group has announced the startup of of Nordic Logistics Ltd in Thailand to support its new road transport service between Thailand and Myanmar. Nordic Group was co-founded in 2015 by Mon Myat Thu and Thorstein Svendsen, and has rapidly emerged […]

Kargo is disrupting logistics in Myanmar, one of the world’s most challenging countries

Kargo, a company that takes the spirit of Uber and brings it to the disorganized world of trucking, has raised a US$800,000 round of funding, giving TechCrunch an excuse to delve into the world of startup development in Myanmar, one of the world’s most curious countries. Ostracized from the world until its first free general […]

Ex-Blackwater boss moves into Myanmar security

Frontier Services Group (FSG), founded by former US military contractor Erik Prince, says it is moving into Myanmar to provide security services to Chinese and other foreign investors. Blackwater, a now-defunct private military contractor founded by Mr Prince, was condemned internationally after its employees allegedly opened fire on a Baghdad street in 2007, killing at […]

Maersk moves to new office in Yangon, Myanmar

Maersk Area Managing Director Marco Civardi and Sealand Asia Managing Director Bo Wegener have cut the ribbon to officially open A.P. Moller – Maersk’s new central city office in Yangon. Located in Junction City, one of the newest built grade-A office towers, the 703-square meter office will provide work space for up to 80 employees […]

Yoma and Kokubu to enter joint venture with KOSPA

Yoma Strategic Holdings Ltd. and Kokubu Group today welcomed SF Holding Co., Ltd., a technology-led international logistics service provider based in China, as a joint venture partner in KOSPA Limited, subject to the satisfaction of certain conditions, according to a press release. SF Holding will acquire a 25 per cent stake in KOSPA for a […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

High e-commerce potential, but growth stunted, for now

On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]

Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]