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New bridge boosts Thai-Myanmar ties

TAK: Bilateral border trade between Thailand and Myanmar is expected to flourish after the second Thai-Myanmar Friendship Bridge becomes fully operational, starting from Oct 30. Niyom Wairatpanich, vice-chairman of the Thai Chamber of Commerce, said the bridge is vital to boost border trade between the two countries, increasing trade flow and logistics services through Mae […]

Berjaya Land to build smart affordable homes in Myanmar

Berjaya Land is making a foray into building smart affordable homes here with a gross development value (GDV) of US$624 million. Disclosing this, Country Head and Chief Executive Officer Datuk Pee Kang Seng said the project, expected to take off in 2020, is located about 40 minutes from downtown Yangon on a 74.05 hectare piece […]

Tealive partners MFFT to open five outlets in Myanmar

Malaysian bubble tea brand Tealive has partnered with Myanmar Food For Thought Co Ltd (MFFT) to open five outlets in Myanmar by year-end. This follows its successful launch in the country, its third ASEAN market after Vietnam and Brunei. “We have full confidence in the MFFT team as they are a leading food and beverage […]

Despite Critical Remarks, Malaysia Keen to Invest in Myanmar

YANGON—Depite Malaysian Prime Minister Mahathir Mohamad’s remarks criticizing Myanmar’s political and military actions in Rakhine State, Malaysia will maintain its economic ties with Myanmar, Malaysian Ambassador to Myanmar Zahairi Baharim said at a press conference concerning the upcoming Malaysia-Myanmar Connect 2019 business forum meant to increase economic engagement between two countries. In an exclusive interview […]

Exodus of workers grows as living costs rise in Myanmar

Despite a 30 percent hike in the daily minimum wage last year, the soaring cost of living in Myanmar is driving workers abroad for better incomes. More recently, a growing number are leaving the country illegally, braving life-threatening conditions and risking deportation to find better paying jobs in neighbouring Thailand and farther south in Malaysia. […]

President’s Office requested to investigate Civil Service Board’s connection with Bogus Universities

A complaint was submitted to the President’s Office on Tuesday, calling for an investigation into the Union Civil Service Board (UCSB) over its ties with two unaccredited foreign universities. The UCSB, a government agency responsible for recruiting and training civil servants, worked with Hawaii-based Akamai University and an affiliate institution in Malaysia, EDS Business School, […]

Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Deloitte Southeast Asia Announces New Leadership for Myanmar and Singapore

Deloitte Southeast Asia has announced that Aye Cho and Cheung Pui Yuen have been appointed as Country Managing Partners for the Myanmar and Singapore practices respectively. They have taken on their new roles starting on 1 January 2019. Aye Cho has succeeded Soe Win who retired from Deloitte Myanmar as its Country Managing Partner earlier […]

Vietnam’s Viettel seeks to double Myanmar customer base – CEO

Vietnam’s largest telecommunication company, Viettel, is seeking to double its five million subscribers in Myanmar by the end of the year, its president and chief executive officer Le Dang Dung told Reuters an in interview on Friday. Viettel, whose $1.22 billion unit Viettel Global Investment is trading on the Unlisted Public Company Market, has also […]

Awra Trading Co to supply LPG as petrol alternative in Yangon

Awra Trading Co Ltd will start supplying liquefied petroleum gas (LPG) as an alternative to petrol in Yangon, said chair U Kyaw Myo Naing. On December 16, the local company launched its LPG Auto Gas Filling Station & LPG Conversion Kit Installation Center in Shwe Pauk Kan Industrial Zone, Yangon. “We are expanding and now […]