Zwe Wai

India’s Intex phones enter Myanmar market, to be sold exclusively online

Online retailer has announced the exclusive launch of two Intex smartphones, the first entry of the Indian brand into Myanmar. Aqua Life-II will be available first for pre-orders while Aqua Y2 will be only available online. Currently both the phones are up for pre-orders on the ecommerce website. Mateo… Read more »

Accion gets $250,000 for Myanmar venture from Metlife

Accion announced that the MetLife Foundation has awarded the American microfinance non-profit organisation a $250,000 grant over two years to support its new microfinance institution in Myanmar. Earlier last month, Accion, together with the Dutch development bank FMO and Triodos Investment Management, said it will invest $6.85 million to expand… Read more »

Meliá accelerates growth in Asia Pacific as it enters Myanmar

Spanish hotel chain Meliá Hotels International is progressing with its expansion strategy in Asia Pacific, a key growth market, where the company’s portfolio now stands at 24 hotels and more than 6,300 rooms. The company has announced its entry into Myanmar with the signing of Meliá Yangon, a project which… Read more »

SLCM expands Myanmar financing network with CB Bank tie up

SLCM Ltd, a subsidiary of Sohan Lal Commodity Management Pvt Ltd, has inked a collateral financing deal with local lender CB Bank. The Delhi-based agri logistics and warehousing company said the move is aimed at providing agri-financing solutions to farmers, processors, traders, exporters and importers across Myanmar. According to the… Read more »

FMI, Lippo tie up to foray into Myanmar’s healthcare industry

Local conglomerate First Myanmar Investment Co Ltd has formed a joint venture with Indonesia’s Lippo Group in a bid to provide international standard healthcare services at its Pun Hlaing Hospital. The Lippo Group is the controlling shareholder of Siloam International Hospitals, Indonesia’s largest healthcare operator with currently 21 hospitals in… Read more »

Singapore Windsor bags $39-m Ooredoo tower contract for Myanmar

Singapore Windsor Holdings Limited said that its subsidiary has secured a build-and-lease contract of 500 telecommunication towers for Ooredoo Myanmar. Based on the cost of construction, the contract is valued at $39 million over 18 months, the company said in a stock exchange filing. The construction and lease agreement, which… Read more »

Radixx strikes FMI air deal in Myanmar

Florida-based Radixx International, a cloud-based reservation and distribution system for airlines, has entered into an agreement with local carrier FMI Air to manage its reservation and departure control systems. FMI Air CEO Bruce Nobles said, “As Myanmar opens up to foreign investment and tourism, the need for a world-class air… Read more »

Oxley incorporates subsidiary in Myanmar

Singapore-based property developer Oxley Holdings Ltd announced that it has incorporated a subsidiary in Myanmar in line with the group’s expansion plans. The subsidiary – Oxley Consultancy & Management Company Limited – will have an issued and paid-up capital of $50,000 comprising 50,000 shares of $1 each, the company said… Read more »

Canadian firm to explore Tanintharyi Offshore Block

Canadian Foresight Group Pte Ltd, through its wholly owned subsidiary CFG Energy Pte Ltd along with its partners, has signed a production sharing contract (PSC) with the Myanmar Oil and Gas Enterprise (MOGE) for a shallow offshore block M15. The firm’s partners are TRG M15 Pte Ltd, part of the… Read more »

Chevron signs PSC for Rakhine offshore block

American oil giant Chevron Corp announced that its subsidiary, Unocal Myanmar Offshore Co Ltd, has entered into a Production Sharing Contract (PSC) with state-run Myanma Oil & Gas Enterprise (MOGE) to explore for oil and gas in the Rakhine Basin. The new PSC area, Block A5, lies 125 miles (200… Read more »