The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]
Jovago Offers Myanmar Online Payment Method
September 11, 2017 by
Jovago.net, a hotel-booking website, has introduced two new online payment methods in partnership with 2C2P. “The new payment system will help our business move from manual payment to a digital virtual payment system to improve customer satisfaction and ease of transaction. We are happy to provide better payment system in response to our valuable customers,” […]
Rangoon Taxis Need Reform
May 23, 2017 by
Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]
Singaporean investment starts rice production for international export
May 18, 2017 by
Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from Myanmar to the global market, and especially to Europe. The rice production and export facility is completely automated to process 75,000 tonnes of paddy annually – producing high-quality parboiled, brown and white rice. Agrastar aims […]
Shop.com.mm Claims Big Response on Myanmar’s First Black Friday
December 18, 2015 by
Local online retailer Shop.com.mm said it has racked up “unprecedented order numbers and sales figures” without releasing any actual sales figures. The Rocket Internet-backed company claimed it got “as many orders as it does in three months during the Black Friday sale.” The first ever Black Friday sales of Myanmar was launched in partnership with […]
Frontier markets beckon, but there are bullets to dodge
December 5, 2014 by
By Jose B. Collazo And Curtis S. Chin For The Straits Times S.e.a. View As China’s economy continues to slow, businesses may find new opportunities in South-east Asia as the Asean Economic Community’s (AEC) end-of-2015 launch date approaches. The AEC promises a 10-nation market and new opportunities and returns. Yet, investor beware. The findings of […]
Standard Chartered Bank holds first anti-money laundering workshop in Myanmar
December 24, 2013 by
YANGON—The UK’s Standard Chartered Bank confirmed today that it recently held the first in a series of joint workshops aimed at helping Myanmar tackle the global issue of money laundering and enhance the country’s efforts to re-integrate with the global financial system. Prudential, a UK-based financial services company, co-organised the workshop in partnership with the […]
Lotte Chilsung to sell drink products in Myanmar
December 17, 2013 by
YANGON – South Korea-based Lotte Chilsung will distribute and sell soft drink products in partnership with US-based PEPSICO, according to the Directorate of Investment and Companies Administration (DICA). The company applied for permission to open a branch office for distributing and selling its products in Myanmar. The Lotte Chilsung Beverages is one of Asia’s largest […]
Telenor Still Negotiating With Myanmar Govt Over Telecoms License
November 20, 2013 by
YANGON — Myanmar’s much-anticipated foreign-offered mobile telecommunications services are unlikely to be available before August 2014, as negotiations continue over finalizing network operator licenses and related telecoms rules. “We are in discussions with the government about the draft license and we expect that to complete by the end of this year,” Telenor Myanmar CEO Petter […]
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