Singapore startup SolarHome provides cheap solar energy home systems in Southeast Asia; raises funding

Singapore-based startup SolarHome has closed an oversubscribed Pre-Series A round at US$625,000. The round was led by Uberis Capital, with participation from Beenext VC and other regional investors. This round, combined with an earlier seed funding from Singapore-based venture builder Forum Capital, brings SolarHome’s total financing to US$1.1 million. SolarHome plans to use the funding […]

Tourasia co-owns Diethelm and is in driver’s seat

Swiss tour operator Tourasia has emerged as a substantial shareholder of Diethelm Travel Group (DTG) with its founder/managing director (MD) Stephan Roemer taking the driver’s seat at DTG as its CEO based in Bangkok, effective next week. Lisa Fitzell, group MD of DTG, is on a garden leave till January and is no longer with […]

Myanmar’s bargaining power rises along the Belt and Road

AS Hong Kong’s second Belt and Road Summit started today in the city The Myanmar Times asked two experts from The Economist Intelligence Unit and Lau China Institute at King’s College, London for their input regarding the dynamics of the Belt and Road Initiative (BRI) and China in relation to Myanmar and ASEAN. Much of […]

Rice prices jump in India; Bangladesh eyes import deal with Myanmar

BENGALURU (Reuters) – Rice prices in top exporter India rebounded this week, boosted by steady demand from Bangladesh which has been actively exploring fresh import deals with its neighbors and is looking to wrap up a major purchase from Myanmar. A Bangladeshi government delegation is in Myanmar to finalize a state-to-state deal, government officials said […]

In Myanmar, an online platform is giving fledging comic book artists a chance to shine

White Merak Comics Studio offers comics published in English and Burmese — optimised for the Myanmar market Since I was a child, I ‘ve always enjoyed reading comic books. But in those days, 3.5 inch floppy disks were the only means of transferring files between computers (as a mainstream consumer, anyway), so there was no […]

Daibochi expects a better second half with new plant’s contribution

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which on Wednesday reported a 14% dip in first half-year net profit, expects a stronger performance in the second half of the year as it banks on its newly-operational first overseas plant in Yangon, Myanmar. The flexible packaging manufacturer said in a statement that the consumer packaging […]

Unilever sees growth in bottom and top of Asian economic pyramid

TOKYO/YANGON/MUMBAI — At a small shop tucked into a residential neighborhood of Yangon, one peculiar set of items has emerged as a hit seller among the snacks and household staples on offer: single-use pouches of Unilever shampoo, which dangle from the store’s walls and ceiling. Many in Myanmar still consider bottled shampoo of the sort […]

Uber competitor Grab has raised $2.5 billion from Asian tech giants

Grab, a taxi-hailing service operating in South East Asia, announced on Monday that it has raised $2 billion (£1.5 billion) from Japanese tech investor Softbank and its Chinese equivalent, Didi Chuxing. It expects to raise a further $500 million (£385 million) from other investors before the funding round is closed, bringing the total investment for […]

China Showers Myanmar With Attention, as Trump Looks Elsewhere

NAYPYIDAW, Myanmar — When Myanmar’s leader, Daw Aung San Suu Kyi, wanted to hold a peace conference to end her country’s long-burning insurgencies, a senior Chinese diplomat went to work. The official assembled scores of rebel leaders, many with longstanding connections to China, briefed them on the peace gathering and flew them on a chartered […]

19 traders Including Myanmar Rice Exporters Keen on Bidding for 250,000-MT Rice for the Philippines

At least 19 foreign rice traders are interested in bidding today, Tuesday, to supply the 250,000 metric tons of rice needed by the Philippines, the National Food Authority (NFA) said. NFA Deputy Administrator Tomas Escarez, who chairs the Special Bids and Awards Committee, said the traders are from Vietnam, Thailand, Singapore and Myanmar. Manila is […]