TOKYO, Nov 11 (Reuters) – Japanese beverage group Kirin Holdings Co said it was halting payments from its beer ventures in Myanmar to local partner Myanmar Economic Holdings Public Company (MEHL), an entity linked to the country’s military. The United Nations has identified the owners of MEHL as members of the Myanmar military, which has […]
UMG Idealab invests in Myanmar’s Zay Chin, Indonesia’s Moodco
September 14, 2020 by
UMG Idealab, the early-stage venture capital arm of Myanmar trade conglomerate UMG Group, has added two new companies to its portfolio after closing investments in Yangon-based online grocery delivery startup Zay Chin and Indonesian chocolate-maker Moodco last month. The VC firm did not disclose the size of the investments but said both were seed-stage deals. […]
No decision made on Malaysian proposal for “Sittwe New City” project
July 15, 2019 by
No decision has been made on a proposal by Gold Coast KTMG Development, a company with Malaysian owners, to develop a new city near Sittwe, capital of Rakhine State, says a senior minister in the state government. “We have not decided on it and there have been no detailed discussions other than the presentation of […]
Parliament’s decision on electricity prices will be followed- Minister
November 11, 2013 by
Parliament’s decision on electricity prices will be followed, Khin Maung Soe, the Minster for Electric Power, said during a meeting with industrialists on November 9. On Friday, Myanmar’s parliament approved discussions on an urgent motion to reduce the electricity fees that the government has recently increased. Some MPs also argued against the hikes in electricity […]
