Singapore Myanmar Investco reports encouraging initial retail results at Yangon International Airport

Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty […]

Singapore Myanmar Investco to distribute Shiseido products in Myanmar

Myanmar Investco (SMI) on Wednesday said its unit has signed an exclusive distribution agreement with cosmetic firm Shiseido Asia Pacific. The group will maintain a network of high-end retailers who will market the products of Shiseido Asia Pacific in Myanmar. The exclusive distribution is for three years, and can be extended by an additional two […]

Crystal Jade to open outlet at Yangon International Airport

THE first Crystal Jade outlet at the new Yangon International Airport Terminal 2 is expected to open in the third quarter of 2016. Mainboard-listed Singapore Myanmar Investco Limited (SMI), a progressive business group primarily focused on Myanmar, announced today that it has entered into a franchise agreement with Crystal Jade Management (Vietnam) Pte Ltd. Crystal […]

SMI, Senko’s Myanmar JV Eyes Logistics and Warehousing Services

Singapore-listed Singapore Myanmar Investco Limited (SMI) has entered into a joint venture agreement with Japanese logistics group Senko Co Ltd to provide logistics and warehousing services in Myanmar. The firms will incorporate and operate a Singapore company, SMI-SENKO Logistics Pte Ltd, for this purpose, SMI said in a Singapore Stock Exchange (SGX) filing. According to […]

Singapore Myanmar Investco Limited confirms DFS supply for Yangon Airport T2 contract

Singapore Myanmar Investco Limited (formerly known as ‘Singapore Windsor Holdings Limited’) has formally entered into five-year agreements covering duty free, retail and F&B outlets at Myanmar’s Yangon International Airport Terminal 2. [Yangon International (15km north of downtown Yangon) is the busiest international airport in Myanmar, ahead of the country’s other two main international airports at […]

Keeping the FDI spigot flowing in Myanmar

After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]