Hilton enjoys double digit growth in Myanmar since entry

HILTON WORLDWIDE has enjoyed double digit growth every year since it entered Myanmar three years ago, and expects stronger growth as it expands further, according to a senior executive. William Costley, vice president of operations for Southeast Asia and India, said in an exclusive interview the hospitality firm is doing really well in Myanmar in […]

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 […]

Sri Lanka’s Commercial Bank begins Myanmar operations with opening of Yangon office

June 10, Yangon: The Commercial Bank of Ceylon opened its representative office in Yangon on Monday, 8th June, formally launching its operations in Myanmar, initially to offer Advisory Services to Sri Lankan and Bangladeshi businesses wishing to enter that country, and to arrange Banking and Advisory facilities, funds transfer and encashment services. Commercial Bank is […]

Myanmar’s Air Mandalay CEO adamant flights will resume this month

Air Mandalay (6T, Yangon) CEO U Sai Kham Park Hpa has refuted claims levelled by predecessor Gary Villiard that the airline’s poor financial and managerial state will preclude it from resuming operations at the end of the month. “We will resume operations with one ATR72-212 and two ERJ-145 aircraft, which will arrive in Myanmar near […]

Rice Communications enters Myanmar

Rice Communications, a boutique communications agency headquartered in Singapore, has launched operations in Myanmar. With a team based in Yangon, Rice Communications Myanmar has started operations with clients such as Hughes and Bosch. It aims to deliver creative and communications support to multinational clients and local companies. “Myanmar is the most exciting emerging market in […]

Former CEO questions future as Air Mandalay service is grounded

The recently departed chief executive officer of Air Mandalay says there is “zero chance” the struggling domestic airline can return to the skies at the end of January as its management has claimed, and even cast doubt on the future of the company. However, new CEO U Sai Kham Park Hpa insisted last week that […]

Ghosts of 2003 crisis haunt banks

Banks need to clean up their operations and subject their boards of directors, as well as their families, to intense scrutiny if they want to earn the trust of consumers, industry experts said last week. The most recent incident – which followed a familiar pattern where panicked customers attempted to withdraw all their savings from […]