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Singapore Myanmar Investco reports encouraging initial retail results at Yangon International Airport

Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty […]

Singapore Myanmar Investco to distribute Shiseido products in Myanmar

Myanmar Investco (SMI) on Wednesday said its unit has signed an exclusive distribution agreement with cosmetic firm Shiseido Asia Pacific. The group will maintain a network of high-end retailers who will market the products of Shiseido Asia Pacific in Myanmar. The exclusive distribution is for three years, and can be extended by an additional two […]