fbpx

AirAsia Group Seeks Partners in Cambodia, China, Myanmar

After a brief halt, AirAsia Group has resumed its overtures to partners in Cambodia, China, and Myanmar as it seeks to found new franchise units in these countries. However, it has abandoned plans to launch a unit in Viet Nam, Group Chief Executive Officer Tony Fernandes told Nikkei in an interview. Fernandes added that the […]

Reaching Singapore’s Unicorn Status, Carousell Expands its Presences to eight Markets Through 701Search’s Mergers

With the merger, Carousell will join forces with 701Search’s marketplaces such as Mudah in Malaysia, Cho Tot in Vietnam, and OneKyat in Myanmar Singaporean online marketplace Carousell announces that it has merged with telecommunications company Telenor Group’s 701Search, and its various marketplaces in different Southeast Asia regions, such as Mudah in Malaysia, Cho Tot in […]

Offshore OFS Could Get Major Boost in SE Asia

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Norwegian energy research firm Rystad Energy. That’s thanks to megaprojects in Malaysia, Myanmar and Vietnam with new final investment decisions (FIDs) expected in 2021 for Vietnam, Indonesia and Brunei. “We anticipate that […]

Decommissioning Challenges Escalating in South East Asia

For many decades now, South East Asia has been an important oil and gas producer, accounting for five percent of current global oil production. But now, age has caught up with oil and gas infrastructure in Myanmar, Thailand, Vietnam, Brunei, Malaysia and Indonesia. In February 2018 the Jakarta Post estimated that over the next decade, […]

Egat Talks Power Trade with Cambodia, Myanmar

The state-run Electricity Generating Authority of Thailand (Egat) is planning to talk with power authorities in Cambodia and Myanmar to trade electricity from Thailand at a combined capacity of 500 megawatts. Patana Sangsriroujana, deputy governor for policy and planning, said Egat has been ordered by Energy Minister Sontirat Sontijirawong to talk with the two governments […]

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. […]