RANGOON — Burma’s economy is predicted to grow by at least seven percent in the 2017-18 and 2018-19 fiscal years after growth of six percent last fiscal year, predicted regional observer group ASEAN +3 Macroeconomic Research Office (AMRO). Moderate growth in Burma last fiscal year (6.3 percent) compared to 7.3 percent the year before was […]
Asahi bringing Calpis to Myanmar
March 3, 2017 by
Asahi Group Holdings will begin selling its Calpis Lacto lactic beverage in Myanmar this month, marking the first time the Japanese company has sold Calpis-brand products in the Southeast Asian nation. The drink, which is made at a group plant in Thailand, will be sold primarily in urban areas through a joint venture with a […]
First Myanmar Investment First-Half Profit Jumps 52% on Year
December 9, 2016 by
YANGON — First Myanmar Investment said Tuesday its net profit surged by 51.9%, year on year, to 6.2 billion kyat ($29.1 million) in the first fiscal half ended Sept. 30. Revenue at one of Myanmar’s largest public company jumped 49.4% on the year to 74.6 billion kyat. By sector, financial services contributed 67.4 billion kyat to […]
Yangon real estate market recovers late in the year
December 5, 2016 by
The Yangon real estate market has bounced back from a two-year cooling period at the end of the year, with sales and rentals of real property going well, said Yangon real estate agents. “It is a long time that the real estate market has been cool. However, the sales in the end of year are […]
Suzuki to make and sell high-end cars in Thilawa
November 10, 2016 by
Suzuki will manufacture highend cars next year at an auto manufacturing factory in Thilawa Special Economic Zone (SEZ), said Mr. Takayuki SuJiyama, Managing Director of Suzuki (Myanmar) Motor Co. Suzuki has already firmly established itself in the Myanmar automobile market and now plans to fulfill the need for all types of cars, Mr. SuJiyama said. […]
Securities Commission Says Foreigners Cannot Buy Shares This Year
August 1, 2016 by
NAYPYIDAW — The Securities and Exchange Commission of Myanmar (SECM) will not allow foreigners to buy shares on the Yangon Stock Exchange (YSX) this year, said Maung Maung Win, deputy minister of the Ministry of National Planning and Finance. Only two companies have listed on the YSX to date—First Myanmar Investment (FMI) and Myanmar Thilawa […]
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