Suzuki launches new Swift, targets younger buyers

Suzuki Myanmar Motor Company yesterday launched its latest generation Suzuki Swift in the country. The new Suzuki Swift is the Japanese car maker’s global flagship compact car and the third generation of the model which was assembled locally under the semi-knocked-down system. Since 1998, Suzuki has operated a factory in South Dagon township, Yangon. Earlier […]

Calls out for investments in China-Myanmar border economic zone

Union Minister for Commerce Dr Than Myint has called on local entrepreneurs to invest in a border economic zone project in China-Myanmar. “The government has a plan to implement other economic zones. During Myanmar State Counsellor Aung San Suu Kyi’s tour to China last year, a contract was signed on the establishment of trading and […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

Foreign insurers will be allowed to operate locally by 2018-19: IBRB

The Insurance Business Regulatory Board (IBRB) will allow foreign insurance companies to do business in the country in the new 2018-19 fiscal year, which will commence October 1, U Zaw Naing, the board’s secretary, said on August 28. He said the IBRB, which was established by the Ministry of Planning and Finance in 2016, will […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Yoma Strategic unveils new plans, new name

The family-run holdings company behind Yangon luxury developments Pun Hlaing Estate, StarCity and Yoma Central announced on June 26 that the real estate portion of their business dealings will be rebranded under the name Yoma Land and that they will also be delving into “mass market product offerings.” While Yoma Land Managing Director Cyrus Pun […]

Myanmar throws weight behind Hong Kong as BRI “superconnector”

Myanmar recognises Hong Kong’s “distinctive role” as the Belt and Road Initiative’s “super connector”, a cabinet minister said last week during an official visit to the city, while businesses urged Nay Pyi Taw to take a more proactive approach in the scheme. Newly appointed chair of the Myanmar Investment Commission (MIC) U Thaung Tun, who […]

Chinese investors mull expansion plans in Myanmar

Chinese investors have been showing keener interest to do business with Myanmar. At the China (Dezhou) Myanmar Economic Trade and Investment Cooperation Seminar on Monday, during which Chinese firms sought business partners in Myanmar for the purposes of trade and investment, Li Lian Jun, chairman of China Chamber of International Commerce (CCOIC), said firms are […]

Yoma Strategic rebrands to expand property business

YOMA STRATEGIC Holdings Ltd announced yesterday the launch of Yoma Land, a property-focused company that will unify all their real estate projects in Myanmar, according to Cyrus Pun, the firm’s managing director. Speaking to a small group of invited journalists, Pun said, “By grouping all our real estate projects under one umbrella brand, one identity […]

Better PR, infrastructure needed to woo more Korean investors

Myanmar must be more proactive and enthusiastic across its attempts to attract foreign investors, such as visiting with the countries it plans to attract investments from. It should also better communicate developments that would be of interest to investors, such as recent directives on liberalising the education and retail sectors, Lee Hyuk, Secretary General of […]