First Myanmar Investment (FMI) will be investing in the affordable housing sector in a bid to offset falling revenue from its construction businesses, FMI chair Serge Pun said during the firm’s 26th annual general meeting, held at the Yangon National Theatre, on July 29. He said the domestic property sector has no demand as those […]
Japan Inc. pours cash into Myanmar despite Rohingya crisis
May 28, 2018 by
YANGON — Japanese companies are investing aggressively in Myanmar with help from Tokyo, even as their European and American counterparts shy away while hundreds of thousands of Rohingya Muslims flee the country to escape persecution. Japan’s businesses were approved to devote a record $1.47 billion to the Southeast Asian nation for the fiscal year ended […]
Soilbuild – a small Singapore construction firm that ventured into Myanmar 30 years after its founding
March 28, 2018 by
Soilbuild Construction Group took the plunge to expand overseas even though it was fully aware the move offered no guarantees of profit. Its executive director explains why. SINGAPORE: When it comes to ensuring the growth of our local companies, the most common refrain nearly all bosses of small- and medium-sized enterprises (SMEs) hear is this: […]
American chamber gets ready for business
February 14, 2018 by
The American Chamber of Commerce in Myanmar no longer operates under the auspices of its Thai counterpart and has now scaled up its permanent team in Yangon. AmCham Myanmar, established in October 2013, has more than 170 members, which employ over 6,000 Myanmar nationals in total. It seeks to connect American business in Myanmar by […]
NLD government to face tougher challenges in 2018
January 2, 2018 by
Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]
French Firm Helps Shan Farmers Turn Poppy to Coffee
December 19, 2017 by
NAYPYITAW — A coffee growers cooperative in Shan State and a French roasting company signed a memorandum of understanding on Thursday in Naypyitaw that pledges the roaster to buy from the farmers for five years in a bid to combat opium cultivation in the region. “We’ll pay higher than the market prices. We’ll buy coffee […]
Tussle over Myanmar bank reform puts spotlight on debt pile
November 29, 2017 by
NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]
Grab wants e-wallet service in Thailand, after Singapore launch a couple week ago.
November 27, 2017 by
Grab plans to provide GrabPay e-wallet in Thailand next year. The firm has gain revenue growth of 150 per cent year-on-year. Tee Wee Tang, head of Grab in Thailand said that the firm is in the process of submitting the GrabPay e-wallet for a license so that it could provide the service in Thailand next […]
Singapore’s Pan Pacific opens new hotel in Yangon, remains confident of long term ROI
November 27, 2017 by
Wee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with […]
