Mango Media, Myanmar’s largest media agency, has maintained its top position among media agencies in the country, with total of $44 million USD worth of advertising placements for its diversified clients in 2017. According to the July 2018 RECMA Report, a qualitative evaluation of media agencies in Myanmar for 2017, Mango Media has cornered more […]
Uber’s Yangon strategy stumbles, competitors push ahead
Complaints about Uber in Yangon are mounting even as officials of the company insist that it continues to improve its ride-hailing service for both drivers and passengers. US-based Uber first began operating in Yangon last May, joining local taxi operators Oway Ride and Hello Cabs. Months later, Singapore-based Grab, also launched its ride-hailing service in […]
Japan’s ENEOS motor oil and lubricant gains market share
ENEOS, which dominates at least half the market in Japan, is distributed in lower Myamnar by conglomerate Myanma Golden Star’s (MGS) subsidiary MGS Lubricant under an agreement with JXTG Nippon Oil & Energy Corporation, one of Japan’s largest oil and gas companies. MGS chair U Thein Tun said the company will strive to widen the […]
Thai Billionaire Courts Controversy In Slugfest For Control Of Myanmar Brewery
Billionaire Charoen Sirivadhanabhakdi, Thailand’s third-richest tycoon with a net worth of $10.6 billion, is in the midst of a slugfest, yet again. Fraser & Neave ’s (F&N) local partner in its beer joint venture in Myanmar has begun arbitration for what it claims is its “contractual right” to buy over the parent company’s 55% stake […]
Nissan and Mercedes race to enter the Myanmar market
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 […]