METRO Wholesale Myanmar, the first-ever foreign wholesale company, is planning to open the saleroom in Mandalay, said Mr. Jens Michel, CEO of METRO Wholesale Myanmar. The showroom was open in Yangon on September 30. METRO Myanmar aims at becoming a market leader in the domestic market that can help promote cooperation and sustainable development in […]
Allowing foreign insurance companies into local market
June 4, 2019 by
People save part of their income to deal with the inevitable consequences of old age, sickness and death for themselves as well as for their near and dear one. However mishaps like sickness and deaths occurs not only when a person gets old. It can happen anytime anywhere. Due to illnesses, accidents, carelessness of self […]
Toyota to build first Myanmar assembly plant in Thilawa
May 28, 2019 by
Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]
Four local life insurance providers form JVs with foreigners
May 2, 2019 by
Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (CB Insurance), First National Insurance, Grand Guardian Insurance and Capital Life Insurance will form joint ventures with foreign insurers, said U Thaung Han, managing director of CB Insurance and […]
Water bus to run in Ngamoeyeik creep: Yangon Chief
April 29, 2019 by
The region government is planning to run water bus in Ngamoeyeik creep for the convenience of water transport, said Yangon Region Chief Minister Phyo Min Thein during an interview with Myanma Ahlin newspaper. If the water transport is used, it can reduce the traffic jam in Yangon and transaction can be made through water transport, […]
Germany’s METRO AG starts operations in Myanmar
March 19, 2019 by
Germany’s wholesale company Metro AG, kicked-off its operations in Myanmar over the weekend. The company will serve its customers in the fast-growing hospitality and tourism sectors from its modern warehouse in Yangon through its state-of-the-art digital ordering and delivery services. “The food wholesale industry in Myanmar offers big potential for Metro and we believe our […]
Vietnamese firm makes steel products in Thilawa
February 18, 2019 by
With Myanmar rapidly opening up to development, steel is becoming increasingly important to various industries in the country. Steel structures can be seen springing up across Yangon. As such, a Vietnamese steel importer is operating a manufacturing unit in Myanmar. Despite being one of the essential materials for construction, Myanmar relies heavily on imports rather […]
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