KUALA LUMPUR (Sept 20): PPB Group Bhd is disposing of its entire equity interest in Tefel Packaging Industries Co Ltd in Myanmar for US$2.4 million (RM10.06 million). PPB’s 79.9%-owned indirect subsidiary Tego Sdn Bhd inked an agreement to transfer its entire 100% stake in Tefel Packaging Industries Co Ltd — a polypropylene bags manufacturer — […]
PPB disposes of Myanmar packaging business for US$2.4m
September 22, 2017 by Thiha
Filed Under: Latest News Tagged With: Bursa Malaysia, Directors, FFM Bhd, Golden Screen cinemas, goodwill, indirect subsidiary Tego Sdn Bhd, Market Capitalisation, Messrs Natthi Cholsaipant, Myanmar investment commission, PGEO Group Sdn Bhd, PPB Group Bhd, proposed disposal, share price, shareholders, Tanapat Cholsaipant, Tefel Packaging Industries Co Ltd, Tego, Wilmar International Ltd
Garment manufacturing: How to navigate Myanmar’s ethical maze
July 18, 2017 by Thiha
As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]
Filed Under: Latest News Tagged With: Adam Mansell, aung san suu kyi, Bangladesh, BSCI, Business Social Compliance Initiative, Cambodia, CEO, Chief Executive, child labour, China, Chinese manufacturer Dishang, Chinese-owned factory, compliance policy, corporate income tax relief, Dishang, Ethical Trading Initiative, ETI, European director, fashion, GAP, garment factories, garment industry, Global Economy, global fashion brands, H&M, ILO, Immigration and Population, import duty relief, import/export procedures, industrial relations, internal conflict, isolation, labour laws, management-level staff, Marks & Spencer, military rule, Ministry of Labor, Myanmar, Myanmar Garment Manufacturers Association, National League for Democracy, Netherlands-based Centre, NLD, Nobel Peace Prize laureate, Oxfam International executive director, Peter Needle, Philip Roebuck, Primark, Rana Plaza factory, Reebok, Reuters, Sedex members ethical trade audit, Segura, SEZ, share price, SMETA, South-East Asian nation, Special Economic Zone laws, supply chain compliance systems, The European Union, the UK Fashion and Textile Association, UKFT, United Nations’ International Labour Organization, us, Vietnam, vocational training, Waste and Resources Action Programme, Western brands, Winnie Byanyima, WRAP, Yangon
Malaysia’s Oldtown venture into Myanmar via franchisee
February 16, 2017 by Thiha
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research believes the impact from Oldtown Bhd’s venture into Myanmar is minimal as it only accounts for less than 1% of total earnings. Hence, the research house is maintaining its earnings forecasts for the company as well as a “buy” call with a target price of RM2.09 Oldtown […]
Filed Under: Latest News Tagged With: asean, China, HLIB, Hong Leong Investment Bank, licence, Malaysia’s Oldtown, market leader, Myanmar, network, Nikmat Mujur Sdn Bhd, OldTown White Coffee trade name, research house, share price, target price, trade mark, Yangon
