The government will allow factories and small businesses in Yangon to resume operations on October 12 after they pass inspections meant to gauge if they are compliant with guidelines imposed by the health and sports ministry. According to a notice by the Ministry of Health and Sports released on Saturday [October 10], Cut-Make-Pack factories, workshops […]
Myanmar’s economic growth to recover but FDI under threat: ADB
September 28, 2020 by
Myanmar’s economic growth is expected to recover in the coming 2020-21 fiscal year, but the impact of a weakened global economy may affect foreign direct investments (FDI) into Myanmar in the future, according to a recent outlook report by the Asian Development Bank (ADB). Myanmar FDI approvals increased to US$4.3 billion for the three quarters […]
AIA formally launches operations in Myanmar
January 23, 2020 by
AIA formally launched its operations in Myanmar with an opening ceremony on January 18, marking its entry into what is considered the new frontier for insurance in Southeast Asia. The launch event was dubbed ‘UN in Yangon’ (Un is French for ‘one’), and featured performances from top singers in Myanmar, including Esther Dawt Ching Sung, […]
Edotco takes over Ooredoo’s energy assets, management of telecoms towers
June 2, 2018 by
Telecoms tower firm Edotco signed with Qatari operator Ooredoo yesterday to take over energy assets and management of 1,250 tower sites across Myanmar in order to improve operational and energy efficiencies. Edotco Myanmar, which belongs to the Malaysian telecoms giant Axiata Group subsidiary Edotco group, will now be able to provide and manage energy for […]
Hilton enjoys double digit growth in Myanmar since entry
September 4, 2017 by
HILTON WORLDWIDE has enjoyed double digit growth every year since it entered Myanmar three years ago, and expects stronger growth as it expands further, according to a senior executive. William Costley, vice president of operations for Southeast Asia and India, said in an exclusive interview the hospitality firm is doing really well in Myanmar in […]
Sri Lanka’s Commercial Bank begins Myanmar operations with opening of Yangon office
June 11, 2015 by
June 10, Yangon: The Commercial Bank of Ceylon opened its representative office in Yangon on Monday, 8th June, formally launching its operations in Myanmar, initially to offer Advisory Services to Sri Lankan and Bangladeshi businesses wishing to enter that country, and to arrange Banking and Advisory facilities, funds transfer and encashment services. Commercial Bank is […]
Rice Communications enters Myanmar
January 26, 2015 by
Rice Communications, a boutique communications agency headquartered in Singapore, has launched operations in Myanmar. With a team based in Yangon, Rice Communications Myanmar has started operations with clients such as Hughes and Bosch. It aims to deliver creative and communications support to multinational clients and local companies. “Myanmar is the most exciting emerging market in […]
