CNI Holdings Bhd has suspended its multi-level marketing (MLM) business activities in Myanmar after local authorities banned the use of such methods. In a filing with Bursa Malaysia today, CNI said the Ministry of Commerce Myanmar had on Sept 18 issued a notification prohibiting the business of MLM in Myanmar. As a result, its indirect […]
Daibochi expects a better second half with new plant’s contribution
August 17, 2017 by
KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which on Wednesday reported a 14% dip in first half-year net profit, expects a stronger performance in the second half of the year as it banks on its newly-operational first overseas plant in Yangon, Myanmar. The flexible packaging manufacturer said in a statement that the consumer packaging […]
Bintai Kinden unit wins RM74mil job from Myanmar firm – Business News
June 7, 2017 by
PETALING JAYA: Bintai Kinden Corp Bhd’s subsidiary, Bintai Kindenko Myanmar Co Ltd, has won a US$17.5mil (RM74.48mil) sub-contract works award from Soilbuild (Myanmar) Co Ltd. In a filing with Bursa Malaysia, the mechanical and electrical engineering services provider announced that its subsidiary had accepted a letter of award to undertake sub-contract works for the proposed […]
Texchem expands into Myanmar’s marine products markets
April 4, 2016 by
Kuala Lumpur (April 1): Texchem Resources Bhd is venturing into the procurement and marketing of marine products such as soft shell crabs, prawns and hamaguri, the common orient clams, in Myanmar. In a filing with Bursa Malaysia today, Texchem said its unit Texchem Food Sdn Bhd has inked a joint venture agreement (JVA) with E-Sprint […]
Malaysian healthcare group IHH to build Yangon Parkway hospital
January 27, 2016 by
Malaysian firm IHH Healthcare is building a US$70 million 250-bed hospital in Yangon through a Singaporean subsidiary, which will help efforts to train local Myanmar health professionals, the company said. The new Parkway Yangon Hospital is IHH’s first in Myanmar, although the company plans to build more in the future, a Parkway Pantai spokesperson told […]
Nissan and Mercedes race to enter the Myanmar market
August 9, 2013 by
Competition among global automakers to establish their brands in Myanmar is intensifying with Nissan and Mercedes joining the race to take advantage of the market’s long-term growth prospects. Although used cars currently comprise up to 99 percent of annual domestic sales, industry insiders say automakers are staking out territory with an eye to future market […]
