Myanmar Strategic Revenue Rises But Loss Widens On “Subdued Tourism”

(Alliance News) – Myanmar Strategic Holdings Ltd said Wednesday its revenue rose due to acquisitions but its loss widened during the first half of its financial year, noting the results reflect its continued commitment to growth Myanmar. The developer and manager of consumer businesses said that for six months ended September 30, revenue increased 40% […]

Myanmar investments: another corporate casualty of Myanmar’s ‘harsh realities’

London-listed Myanmar Investments International (MIL), the latest of several foreign investors to turn its back on Myanmar, has blamed its decision to wind up on the impact of the conflict in northern Rakhine, a “complex” political situation and what it calls the slow pace of reform. Although MIL was a relatively small player with a […]

Meat industry urged to modernise to counter swine fever

Myanmar needs to modernise its meat industry to counter the spread of African swine fever (ASF), insiders who attended conferences organised last week by the International Finance Corporation (IFC) agreed. Besides addressing the imminent threat ASF posed to the country, the modernisation of the sector can further bring about higher production and exports, which would […]

Myanmar strategic annual revenue jumps after exera buy but loss widens

Myanmar Strategic Holdings Ltd on Tuesday said its revenue multiplied in its most recently ended financial year, but loss widened amid higher costs. The guarding, protective, transportation, and training services provider said its loss widened in the year to the end of March to USD2.6 million from USD2.1 million reported a year prior, due to […]

Residents say electricity rates should be lowered in off-grid areas

Residents in gas-producing regions like Tanintharyi are questioning why they still have to pay higher rates instead of being covered by the national grid. The government hiked electricity tariffs last week, and the new rates took effect on July 1. While consumers of residential and religious buildings will be charged the previous rate of K35 […]