DaChan to enter Burmese market with joint venture

DaChan Great Wall Group (大成集團), a Taiwanese agriculture and food conglomerate, yesterday said it will tap into the Burmese market through a US$30 million joint venture in a bid to further cement its position in Southeast Asia. The group is to build feed mills and poultry plants in Myanmar by teaming up with the Myint […]

Gold Traders Mull Over Plans to Set up Gold Exchange

The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and industry associations have been seeking to set up an exchange market where gold and metal could be freely traded in one place. In the […]

OldTown’s China Business Model Provides Growth

Maintain buy recommendation and a fair value (FV) of RM3.20 per share: OldTown Bhd, through its wholly-owned subsidiary Shenzhen Kopitiam Asia Pacific Ltd, entered into a territorial licence agreement with Xiamen Kuaike Investment Management Co Ltd (Xiamen Kuaike) to operate in Shanghai, China. This agreement is an extension to an earlier negotiated territorial licence agreement on […]

Ruili — China’s gateway to Myanmar

The Jiegao border area is located in Ruili, a frontier city in China’s Yunnan province. Geographically, Yunnan occupies a unique position. Shortly after day break, under the cover of heavy monsoon clouds, the Jiegao border trading area — a medium-sized 2 sq. km. complex — appears desolate. In the half-light of the early hours, long-haul […]

Prominent Academic Warns of ‘Cowboy’ Education Providers

A prominent British academic has applauded the strong desire for further education among Myanmar’s youth but also cautioned against opportunistic establishments looking to take advantage of an emerging market. Dr John Quelch, dean, vice president and distinguished professor of international management at the China Europe International Business School (CEIBS) in Shanghai, visited Myanmar last week […]

Local firm plans Daewoo bus factory in Yangon

Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the […]

BKL continues overseas expansion with Myanmar office

Korean law firm Bae, Kim & Lee (BKL) has opened an office in Yangon, Myanmar, its seventh globally, and its third outside of its home country. The Yangon office will be led by partner Eric Eunyong Yang, who along with fellow partner Yong Geun Bae, joined the firm last year from Yulchon with the aim […]

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

Myanmar’s airlines face pressure at home and abroad

Underfinanced and often unprofitable, Myanmar’s airlines are in a fight for survival as competition heats up from rivals inside and outside the country. The sector has several factors in its favour – Myanmar is enjoying strong economic growth, fuel prices are low and the number of foreign tourists is rising. But by and large the […]

Arcc Launches Serviced Office Spaces in Yangon

Arcc Offices, a Singapore-based serviced office provider, has opened their first offices in Yangon on September 17. These offices are located on the sixth floor of Hledan Centre in midtown Yangon. All the offices are provided with furniture, office equipment and internet facilities. Paola Orneli, general manager of Arcc Offices, said many international investors are […]