The Unprecedented Explosion of Smartphones in Myanmar

Outside the offices of an internet startup called nexlabs, a snarl of honking cars and rickshaws grinds to a standstill on a trash-strewn street lined with crumbling buildings. Inside, though, the scene could be straight out of Silicon Valley. Programmers in t-shirts and jeans tap away at laptops beneath posters exhorting them to “Innovate” and […]

Itochu, Lippo Team up to Run Southeast Asian Hospitals

TOKYO — Itochu will join hands with Indonesian conglomerate Lippo Group to operate hospitals in Southeast Asia, aiming to capitalize on the region’s growing demand for advanced medical services offered by the private sector. The Japanese trading house has entered a business partnership with Lippo Karawaci, Indonesia’s largest hospital operator, to set up a Singaporean joint venture this […]

New Toyota Sales Pioneer Dives Into Myanmar

TOKYO — NEZAS Holdings has become the first Toyota Motor-related sales company in Japan to make a foray into Myanmar, with plans to market the brand’s new cars in the country’s biggest city of Yangon. NEZAS, which is based in Utsunomiya just north of Tokyo, in May established a joint venture with Myanmar logistics company Hinthar Group Holdings. […]

Japan’s Daiwa to Buy Into Myanmar Internet Provider

TOKYO — Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the private-sector ISP serves mainly Yangon and Mandalay. It seeks to […]

Japan’s IHI inaugurates heavy concrete factory joint venture in Myanmar

IHI Corp. held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia’s newest emerging market. The Tokyo-based heavy industry company, in partnership with Myanmar’s Construction Ministry, opened the $12.2 million facility in the Myaungdagar Steel Industrial Zone in Hmawbi, located about […]

Mitsubishi Corp. Courts Myanmar’s Wealthy With New Hospitals

TOKYO — Mitsubishi Corp. will team with local companies to establish medical complexes in Myanmar, where a growing health care market is being fueled by the increasing number of middle- and upper-class residents. The first facility, to cost about 10 billion yen ($90.4 million), will be a general hospital set to open in 2020. The Japanese trading […]

First Japanese Food Court Opens to Myanmar Diners

YANGON – Myanmar’s first Japanese food court opened this week in Yangon under a joint venture between Tokyo-based trading giant Sojitz Corp. and local retail chain City Mart Holdings. Dubbed “Tokyo Dining City,” the facility has six restaurants that bring together the authentic culinary arts of Japan with quality service, according to Sojitz. Sojitz City Food […]

Dai-Ichi Life Insurance Opens Myanmar Office

TOKYO — Dai-ichi Life Insurance has opened a representative office in Myanmar, as it looks to increase its foothold in the rapidly developing Southeast Asian insurance market. The Japanese insurer set up office in Yangon in late March, having been given permission by the Directorate of Investment and Company Administration, a government agency under the […]

Myanmar Has a Key Role to Play in ‘Club Asia’ as Tourism in the Region Booms

​​ Many moons ago Singapore’s then prime minister tried to encourage the government to develop Myanmar’s tourism sector, writes Lars Henriksson. He’s finally getting his wish. In the book General Ne Win: A Political Biog­raphy academic Robert H. Taylor writes that “on 16 January 1986, Singa­pore Prime Minister Lee Kuan Yew visited Ne Win at his home […]

Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]