Tetra Pak, the food processing and packaging solutions company, said it expects to produce 300 million packages in Myanmar by 2020. “Myanmar has a young and growing population and its GDP has continued to grow around 6-8 percent, which is a good indication of higher consumer spending power. With the current low penetration of Ready-to-Drink […]
Sampath Bank funds mega hotel development project in Myanmar
Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore […]
Jardine Lloyd Thompson opens local office
Jardine Lloyd Thompson officially opened its Myanmar representative office on September 12, joining a growing list of international insurers with local offices. Foreign insurers are generally barred from working inside the country, with the exception of three firms which received licences to operate in special economic zones earlier this year. Authorities have said they will […]