PM Narendra Modi’s visit to expand strategic and economic footprint in Myanmar

NEW DELHI: PM Narendra Modi’s three-city Myanmar visit from September 5-7 comes at an appropriate time with India seeking to expand strategic and economic footprint in the South East Asian country where Chinese attempts to enhance its sphere of influence has been met with varying degrees of success. The visit to Myanmar –– considered India’s […]

Grab Commits S$136m to Expand in Myanmar

SINGAPORE (REUTERS) – Ride-hailing firm Grab, the main South-east Asian rival of Uber Technologies, said it would commit US$100 million (S$136.2 million) over the next three years to strengthen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payments platform, GrabPay, and build […]

Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float

A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]

Indian Rupee appreciation helps international travel to Myanmar

This summer, outbound travel has seen a different pattern. Neighbouring destinations such as Myanmar, Bhutan or countries the US or the UK have seen a bigger growth, thanks to the rupee appreciation. Brexit and the falling pound corresponding to the rising rupee have caused a sharp increase in the number of travellers to the UK. […]

A company of my own’: the rise of Myanmar’s tech pioneers

“It’s always been my ultimate goal to have a company of my own,” says Htun Khaing Lynn, or Zack, as he prefers to be called. Last September the 22-year-old engineering graduate from Myanmar’s eastern Shan state co-founded online truck-pooling service Kargo, which connects individuals and businesses who need to move goods around congested Yangon. Cars […]

Only 3% of rubber in global market produced in Myanmar, Cambodia, Laos

THAILAND remains the world’s largest rubber producer, accounting for 36 per cent of the total production last year, followed by Indonesia with 26 per cent and Viet Nam with 8 per cent, according to the International Rubber Study Group. Thailand has been the world’s largest producer of natural rubber since 1993. China is the fourth […]

After visa pact, Myanmar agents form more Singapore packages

  OUTBOUND tour operators in Myanmar are planning to add more Singapore packages in anticipation of increased traffic to the city-state after visa exemption is established between the two nations earlier this month. The 30-day visa-free travel agreement will take effect from December 1. Lynn Zaw Wai Mang, managing director of Unique Asia Ticketing and […]

Myanmar oil and gas: Going against the flow

For the first time since 2004, both the price Brent Crude and US crude have fallen below $30 a barrel. Many oil and gas production centres are floundering amidst the current crisis, yet one South East Asian nation is experiencing record growth in its energy sector. Over the past 24 months, significant foreign direct investment […]

Tap Oil to Retain Stake in Thailand’s Manora Block After Strategic Review

Australia’s oil and gas exploration and production company Tap Oil Limited provided Monday an update on the outcome of the Company’s strategic review and financing. STRATEGIC REVIEW Earlier this year, Tap announced a formal strategic review of its business and asset base to maximise shareholder value in response to the significant change in market conditions […]