Myanmar market holds potential for Vietnamese goods

Vietnamese firms should study the Myanmar market and act quickly to take advantage of trade and investment opportunities there, the Investment and Trade Promotion Centre of HCM City has said. Pham Thiet Hia, the centre’s director, said that Myanmar, with its population of 55 million, has high demand for many kinds of products that Vietnamese […]

Tuborg turnaround for Carlsberg

Carlsberg has caved to complaints from the family of a famous Mandalay singer, who say the Danish brewer used the title of one of his hits as the name for Tuborg Beer in Myanmar.   “In light of the claims of the relatives of the late Sayar Myoma Nyein and the general debate about the […]

Taiwan Cooperative Bank opens representative office in Yangon

Taiwan Cooperative Bank (合庫銀), the banking arm of Taiwan Cooperative Financial Holding Co. (合庫金), opened a representative office in Yangon, Myanmar Thursday, making the office the fifth foothold of the bank in the fast-growing Association of Southeast Asian Nations (ASEAN) market. The four other outlets in the ASEAN market consist of one branch located in […]

Myanmar to mull tariff cut for Taiwan’s fabrics following an economic summit

TAIPEI — Myanmar has agreed to study the possibility of lowering its tariffs on imported Taiwanese fabrics, a move seen as a goodwill gesture following an economic dialogue held by Taiwan and Myanmar, the Ministry of Economic Affairs said Saturday. A Taiwanese delegation led by Yang Jen-ni (楊珍妮), head of the MOEA’s Bureau of Foreign […]

KBZ Bank on Myanmar’s strong future

Wide-reaching regulatory changes mean that there are far greater opportunities for Myanmar’s emerging banking sector The financial industry in Myanmar is in a phase of momentous transformation, with new market entrants in the banking sector, both local and foreign, the emergence of the private insurance sector, and the launch of the Yangon Stock Exchange driving […]

40 Thai subcontractors seek business in Myanmar

“All our members want to expand their markets and are willing to cooperate with companies in neighbouring countries,” said Somkiat Chupukcharoen, president of TSPA and managing director of SCC Tech Co. “We want to know more about Myanmar people and culture, etc. We must know each other first. Only then will we be able to […]

Surbana touts smart plans for preventing floods

Severe flooding across Myanmar over the past few weeks has been deemed by many to be the worst natural disaster to hit the country in a decade. In response, the Ministry of Construction has asked for advice on how to prevent such a tragedy happening again in the future, according to Wong Heang, Group CEO […]

Myanmar to Receive Modern Weather Monitoring and Severe Weather Alerting System

GERMANTOWN, Md. & YANGON, Myanmar–(BUSINESS WIRE)–An agreement between U.S. technology firm Earth Networks and prominent IT solutions provider Lucky Bird in Myanmar will bring a technologically advanced, nationwide weather monitoring, forecasting, and severe weather alerting system to Myanmar. The system is designed to protect lives and livelihoods throughout Myanmar, a country vulnerable to lightning, as […]

Thai apparel company sees bright prospects in Myanmar market

Mc Group, a publicly traded Thai clothing company known for its Mc brand of denim jeans will ramp up its push to dominate the Myanmar market by expanding outlet openings by its authorised sales agent across the country. Mc Group Chief Executive Officer Sunee Seripanu said Mc Group holds a 40-percent market share in Myanmar […]

YSH, Sumitomo to distribute Hino brand vehicles in Myanmar

YANGON—Singapore-listed Yoma Strategic Holdings (YSH) and Japan’s Sumitomo Corporation have entered into a proposed joint venture to distribute and service Hino brand trucks and buses in Myanmar. The joint venture, subject to approval by relevant authorities, is expected to be 60-percent owned by Sumitomo Corporation, 20-percent by Elite Matrix, a wholly-owned subsidiary of YSH, and […]