Thai Life Insurance has struck a deal to take a 35% stake in Citizen Business (CB) Insurance, becoming the first Asean outsider to enter Myanmar’s insurance field. “This partnership will give CB Insurance a competitive advantage by leveraging Thai Life’s actuarial and managerial expertise, as well as product distribution channel development, which has proved to […]
Strong potential for insurance growth, but competition expected to be rife: IKBZ
August 15, 2019 by
The insurance industry has come under the spotlight recently with the government announcing in April that five foreign insurers would be allowed to operate wholly-owned units for life insurance in the country. Shortly after, it liberalised further by allowing six joint ventures between local and foreign insurers in both the life and non-life/general segments of […]
Rent 2 Own to offer bike loans in partnership with Shwe Min Gan to boost rural mobility
August 5, 2019 by
Rent 2 Own Myanmar Co will partner with Shwe Min Gan Co to provide loans to customers, enabling them to buy their own motorcycles and farming machinery. Funds totaling US$5 million will be rolled out over the next six months, said Daw Hla Than Yi, director of Shwe Min Gan Co, which obtained a non-bank […]
Yoma to finance MSP’s $7m heavy equipment rental
September 25, 2018 by
Singapore-listed Yoma Strategic announced a partnership with US Caterpillar’s Myanmar dealer to enter the heavy equipment rental sector in a bid to leverage on the upturn in the resource and construction industry. On September 24, Yoma Fleet, the automotive and heavy equipment financing subsidiary of Yoma Strategic, signed a partnership agreement with Thaketa-based Myan Shwe […]
Yangon elevated expressway doesn’t need MIC approval: official
January 29, 2018 by
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 […]
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