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Davos 2018: China’s economic shift and implications for Myanmar

Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan AS the fight against poverty takes centre stage in Beijing’s economic policy, Yunnan and Myanmar will remain a priority for Chinese investment, while China’s fast-growing middle-income population, especially those in the southwest, presents a crucial market for Myanmar’s growth-oriented businesses as well […]

Golden Myanmar Business Exchange Plans $5 Million Data Center

GMBX, which bills itself as Myanmar’s only provider of wholesale infrastructure-as-a-service based on OpenStack, is a joint venture between Yangon-based Golden TMH Telecom Co Ltd (GTMH) and Golden 11 Investment International. The company already operates a data center in East Dagon with a current capacity of 100 racks, which could be expanded to about 400 racks, according to Kyaw Naing, […]

Hong Kong to Help Myanmar Set up a Gold Exchange

The operator of Hong Kong’s gold exchange is in talks to help the government of Myanmar establish a bourse in the country for trading the precious metal, according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society. “This is the right timing for Myanmar to establish a gold exchange as the […]

From Dubai to Yangon, signs of Chinese wealth are everywhere

Seeking relief from a depreciating yuan, Chinese outbound investors have been on a roll lately, proposing jaw-dropping acquisitions in the commercial real estate sector in recent months from Dubai to Yangon and every investment haven in between. The speeds of capital deployment from the Middle Kingdom has been met with suspicion both at home and abroad. Determined […]