Myanmar’s telco revolution opens new chapter

YANGON — Myanmar is three years into a telecoms boom that has changed the physical and technological landscape of the country with unparalleled speed. Since the sector was opened to foreign competition in 2014, thousands of mobile towers have sprung up around the country and more than 30,000km of fiber cable has been connected. Mobile […]

Thitikorn revs up for full entry into Myanmar market

Thitikorn (TK), a leading Thai hire-purchase provider in the motorcycle segment, is entering the Myanmar market with plans to operate a new company – Mingalaba Thitikorn Microfinance – established with registered capital of 200 million kyat (Bt4.85 million). Myanmar is the third overseas country in which the listed company has invested, after Laos and Cambodia. […]

Geraldine Samson named Montgomery Fitch + Yangon head

Montgomery Fitch COO Geraldine Samson was recently appointed Regional Director for the global creative agency’s upcoming foray into the Myanmar market. The agency is aiming to bring its diverse portfolio of communications and technology services into a burgeoning and rapidly emerging market with a World Bank- projected 7.1% growth rate over the next three years. […]

Sinotruk CDW’s Fire Trucks Exported to Myanmar Pass the Final Inspection

On September, 22, 2017, Myanmar government procurement agent paid a visit to Sinotruk Chengdu Wangpai Commercial Vehicle Co.,Ltd (Hereafter referred to as CDW) and made the final inspection to 3 sample fire trucks. Under the agent’s recommendation, more than 10 CDW truck has been exported to Myanmar since their formal cooperation in early 2017. The […]

KB Kookmin Card eyes Myanmar market

KB Kookmin Card Co. said Thursday it is pushing to tap into Myanmar’s credit card market after getting the nod to set up an office in the Southeast Asian country. KB Kookmin Card, a unit of South Korea’s banking giant KB Financial Group Inc., said it won approval from Myanmar’s central bank the previous day […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Aust’s investment poised to rise after Chambers’ merger

Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon. Jodi Weedon, CEO of the new AustCham Myanmar, said the new organisation would be formed following a memorandum of understanding signed on August 14. She said the merger would enable one unified […]

XMH Holdings enters into Myanmar joint venture

SINGAPORE – Diesel engine and power generating solution provider XMH Holdings has set up a joint venture company in Myanmar to manufacture transformers, generator sets and power solution products. XMH Holdings’ unit XMH Engineering has a 50 per cent stake in the joint venture entity, while Myanmar MarcoPolo will hold 25 per cent and Bulox […]

Japan’s Acecook Presses for Tenfold Surge in Myanmar Noodle Sales

YANGON — Japan’s Acecook aims to sell around 3 million servings of instant noodles monthly in Myanmar by March, hoping a new factory in the country will multiply previous figures by 10 or more. The manufacturer began turning out instant noodles in April at a new plant in the Thilawa Special Economic Zone on the outskirts […]

Qatar Airways Adds Flights to Yangon-Doha Route After ‘Strong Demand’

​​ Qatar Airways has added two new weekly flights to its route between Yangon and Doha in response to “strong demand”, the company said. The high-end airliner re-entered the Myanmar market in 2012, shortly after the country’s econo­my began liberalising. The extra fights mean Qatar Airways now offer five flights a week from Yangon to […]