Axiata Unit to Raise Stake in Myanmar Tower Operations

KUALA LUMPUR (NewsRise) – Axiata Group, Malaysia’s biggest telecom operator by revenue, said its infrastructure unit is buying an additional 12.5% stake in a telecom tower company in Myanmar for $35 million. The deal, which involves purchase of 250,000 shares under a put and call option agreement with YSH Finance, will raise edotco Group’s stake in […]

How Long can Vietnam’s IT Industry Thrive on Low-Cost Labor?

Vietnamese engineers are now earning much less than their peers with similar skill sets in the region. Vietnam’s information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking […]

Thai finance firm Group Lease to buy Myanmar microfinance business

Thai motorcycle lessor Group Lease PCL plans to buy 71.9 percent of BG Microfinance Myanmar from Sri Lanka’s Commercial Credit and Finance PLC for an unspecified amount, to take advantage of rising microfinance demand in Southeast Asia. Through the deal, Group Lease will expand its regional presence, adding Myanmar to Thailand, Cambodia, Laos and Indonesia, […]

Panasonic to expand smartphone business to Bangladesh, Myanmar

Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks to cash in on the booming demand for mobility devices in the region. Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks […]

Boldly going: the exotic ‘frontier’ markets that intrepid investors are tipping for take-off

It was 15 years ago that academics began to predict a shift in economic power from the old order of developed economies to the newly named “Bric” nations. Ever since, Brazil, Russia, India and China have been regarded as the coming powers, blessed with young populations, fast-urbanising societies and natural resources to fuel rapid growth. But the Bric […]

Sri Lanka gets direct cargo link between Colombo and Yangon

Mar 24, 2016 (LBO) – Sri Lanka’s Continental Shipping Lines’ “Pathien Star” made it’s inaugural call at the Jaya Container Terminal in Colombo yesterday. The vessel is scheduled to leave for Port Yangon of Myanmar soon. “This is the first time that a direct cargo link has been established between Colombo and Yangon opening a new […]

Continental Shipping begins Yangon feeder service

Continental Shipping Lines (CSLPL) announced the commencement of their feeder service from Yangon directly to Colombo yesterday. This is the first time that a direct cargo link has been established between Colombo and Yangon opening a new opportunity for Sri Lanka exports to explore this market, SAR Maritime Agencies Limited General Manager Ruby Dole said. […]

Ranong well placed to be marine gateway for growing trade with Myanmar and other BIMSTEC markets, seminar hears

RANONG HAS the potential to be a gateway for trade with neighbouring countries, especially the BIMSTEC nations of Bangladesh, Bhutan, India, Myanmar, Nepal and Sri Lanka, as the province has a deep-sea port to serve such commerce, provincial governor Suriyan Kanchanasilp said yesterday. Last year, Ranong recorded bilateral border trade with Myanmar worth Bt21 billion, […]

Thai’s BOI to open branches in Myanmar and Indonesia in push for investment abroad

THE BOARD of Investment plans to open branches in Myanmar and Indonesia next year as a priority measure to encourage Thai companies, and small and medium-sized enterprises in particular, to invest overseas. This will improve their opportunity to invest in new production plants in new export markets to boost income growth for the long term, […]

Myanmar, Vietnam and India’s consumers extremely optimistic about the future

For the first time since 2012, consumers in Asia Pacific are not optimistic about the immediate future, according to the recently released MasterCard Index™ of Consumer Confidence (H2 2015). Between November and December 2015, 8,779 respondents, aged 18 to 64 in 17 Asia Pacific markets, were asked to give a six-month outlook on five economic factors […]