By Juliet Shwe Gaung
Singapore based Grab has launched a beta trial of GrabTaxi service in Yangon.
It is in talks with financial and strategic investors.
Investors are attracted by untapped potential, abundant natural resources and low wage workforce.
Koryo Cable from Korea is planning to invest $8.2 million to start a cable manufacturing facility in Thilawa. On the other hand, Malaysia’s iflix, a TV streaming service provider, is looking at introducing their services to the Myanmar audiences. Korea’s Koryo Cable to invest $8.2m Korea’s Koryo Electric Wire, a manufacturer of… Read more »
Existing laws don’t allow foreign investors to hold stakes in local banks
MyPAY will make a 100 per cent acquisition of Singapore’s fastacash.
Thailand’s metal packaging firm Sahadharawat will be investing $5.1 million for manufacturing metal cans in Myanmar. Also, Singapore’s leading property group Soibuild is setting up a plant at an investment of $13.9 million to produce steel products in the country. Thailand’s Sahadharawat Co Ltd to invest $5.1m for metal cans… Read more »
It plans the final close for this vehicle by third quarter of 2017.
Yoma Strategic Holdings Ltd has partnered with METRO GROUP to establish a wholesale distribution platform.
TYTC Services from Australia is almost ready to handle the waste collection system in Yangon. Japan’s Yanmar and Mitsui & Co joint ventures for agricultural solutions through machineries.