How the son of a humble watch repairer became the owner of a multi-million dollar realty tech startup

His startup iMyanmarHouse, with over 550 developers, 2,200 agents and 300K listings, recently hit US$320M in total transaction value Nay Min Thu would never have become what he is now, had he not attended, by chance, a motivation class in Singapore back in 2009. And thanks to his grit, determination and perseverance, Thu is now […]

Domestic airlines will not raise airfares yet despite rising fuel prices

Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

ThaiBev restructures to power Asean beer push

THAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]

Mitsui buys stake in Singapore-Yangon undersea cable

Mitsui & Co. will invest $20 million in a Singapore company that is laying undersea communications cable to Myanmar, a project seen giving telecom-related businesses there a boost after the 2020 completion. In its first foray into seafloor cable operations, Mitsui will purchase a total 22% stake in Singapore’s Campana Group across a series of […]

Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]

Singapore and Myanmar Healthcare Professionals Team Up to Improve Standards of Trauma Care in Yangon

Singapore International Foundation (SIF), Yangon General Hospital (YGH) and Singapore Health Services (SingHealth) launched a three-year healthcare training project in Yangon on August 31. The aim of the Comprehensive Trauma Rehabilitation Care Project is to improve the overall quality of trauma rehabilitation care in Myanmar which will in turn benefit 30,000 patients in the greater […]

HG Metal commits US$2m to begin cut & bend, fabrication JV in Myanmar

HG Metal Manufacturing will pay US$2 million to take a majority stake in and to capitalise a joint venture in Myanmar, according to details of an agreement announced by the steel products maker on Thursday before the market opened. Under the terms of the agreement, HG Metal will pay US$95,700 to Singapore-incorporated holding company Fortune […]

China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health

As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]

Kyat rebounds after re-export activities suspended

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]