Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Myanmar workers may gain from Thai basic wage hike

The Thai tripartite committee, which includes employers, workers and government representatives in Thailand decided on January 17 to add from 5 to 22 baht to the minimum wage, according to the Migrant Workers Rights Network (MWRN) Thursday. “Thailand has no due date for raising salaries. It used to raise wages to reflect the current commodity […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Ichitan Group launches T247 energy drink

The company plans to begin its marketing activities in Myanmar this August. It has already made moves into Cambodia, Laos and Vietnam. Its joint venture in Indonesia has started to see high sales, totalling 2 million cases in the first five months, against its initial target of 3 million cases for the whole of 2017. […]

Gem Association to take part in Thai Fair

The merchants from Gem and Jewellery Entrepreneurs Association (Yangon) have been taking part in the event every year since 2014, vice chair Dr Aung Kyaw Win said. “Thai people are skilful in heating and purifying ruby and sapphire. We will have a chance to do business with other countries,” he added. Fifty booths from Myanmar […]

Myanmar courting Thai steel ventures

The Myanmar government is wooing Thai steel producers to set up a joint venture to produce hot-rolled coil steel in Bagan, according to the secretary-general of the Iron and Steel Club under the Federation of Thai Industries (FTI), Korrakod Padungjitt. He said the Myanmar government is building a steal factory in Bagan with total capacity […]

Thai firm N Health launches joint venture to open Myanmar’s first private medical lab

Narongrid Galaputh, chief executive of Non-Hospital Group of Bangkok Dusit Medical Services Public Co Ltd (BDMS) and managing director of N Health, said at a media briefing that the firm is proud to become the first government-licensed private medical laboratory in the neighbouring country. “We are here because we believe in the future of Myanmar. […]

Myanmar to solicit bids for its 1st LNG terminal

Subscribe to our tender alert mailing list An international tender to build Myanmar’s first liquefied natural gas terminal will start as early as April, presenting a business opportunity for Asian trading and energy companies, according to a government source. Along with a floating LNG terminal with an annual capacity of 3 million to 4 million […]

Thai Exim Bank to open rep office in Yangon

The Export-Import Bank of Thailand will open a representative office in Yangon, Myanmar, in April to assist the start-up or expansion of Thai companies there. Bank president Pisit Serewiwattana said.the Exim Bank has been given a licence to open an office in the former capital city by the Central Bank of Myanmar. The next step […]