Myanmar Investments International Ltd on Tuesday confirmed it has rejected a merger proposal from Myanmar Strategic Holdings Ltd and said that it will not enter into negotiations in relation to the proposal. “Having carefully considered the terms of the proposal and discussed them with Myanmar Strategic, the board has concluded that proceeding with the potential […]
New Toyota Innova model hits Myanmar market
November 5, 2018 by
Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]
Yangon International Airport Continues Push to Promote Myanmar Tourism
September 27, 2018 by
Yangon International Airport (YIA) attended World Routes 2018 in Guangzhou, China from 15-18 September 2018. As part of YIA’s push to become a high-performance airport that actively plays a role in promoting tourism to Myanmar, the YIA team held individual meetings with over 50 different airlines including airports and tourism ministries from different countries. Twenty-five […]
Emerging markets hold hope for smartphone shipment growth
May 15, 2018 by
Global smartphone shipments continued to weaken in the first quarter (Q1) of 2018, according to analysts. Canalys says shipments were down 3.4%, continuing the trend from a decline of 3% in Q4 2017. Worldwide sales of smartphones recorded their first decline since 2004, in Q4 of 2017, says Gartner. Global sales of smartphones to end-users […]
Private equity firm casts net on Mekong region
April 5, 2018 by
A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]
Myanmar set for transition to digital economy with corporates’ support
March 13, 2018 by
FIVE YEARS after Myanmar’s liberalisation of the telecommunications sector, the nation has now over 50 million mobile subscribers, a figure that almost encompasses its total population, and is set for adoption of digital economy with the help of industry leaders worldwide. Myo Swe, deputy director general at the Posts and Telecommunications Department, said earlier that […]
Qatar Airways to boost Myanmar garment export
November 28, 2017 by
Qatar Airways Cargo has commenced direct freighter service to Yangon, Myanmar – providing more than 60 tonnes of cargo capacity on the Doha-Yangon-Doha route. The carriers acting chief officer Cargo, Guillaume Halleux, said: “We are delighted to launch our eighth freighter destination for 2017, in line with our strategic expansion to our network and fleet. […]
Ambient Digital Group Appoints Yvette Ces as Regional Associate Business Director
October 11, 2017 by
Digital media and marketing solutions company, Ambient Digital Group, has appointed Yvette Ces as Regional Associate Business Director. Her responsibilities will include heading up the Myanmar business to expand on its strong growth. Ces will work from the Yangon office, and be responsible for all sales, marketing and new business activities, as well as back […]
