Taxi apps on the market, but can they solve the Yangon problem?

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Lately, several local taxi hailing services have been developed, such as hittch.com and hohotransport.com, which hope to copy the American taxi hiring app Uber’s model of calling taxis to users’ location but using mainly registered taxis. As of now, they are unusably buggy, as to be expected with newly developed… Read more »

Vietnam to build vessels in $175m deal with Mynama Shipyards

Myanmar and Vietnam have signed an agreement to establish a joint venture to build vessels, according to the Ministry of Transport. The $175.4-million joint venture was established between state-run Myanma Shipyards and Dong A Shipbuilding Joint Stock Company. Mynama Shipyards will control 51 percent stake in the JV, while with… Read more »


SAB Miller, Kirin Holdings, Singha & ThaiBev eye stake in Myanmar Brewery

SAB Miller, which is among the leading beer makers globally, may be drawn into a bidding war with Japan’s Kirin Holdings, and Thailand firms Singha Corporation and Thai Beverage Group, to buy a stake in Myanmar’s largest beer maker. A recent Reuters report had said that SABMiller was examining the possibility… Read more »


Yoma unveils third phase of Star City Development

Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B… Read more »


Myanmar: Online marketplace is diversifying, but cash is still king

While various online marketplaces have sprung up to serve the Myanmar market, online payment is still years away. Erwin Sikma, who runs several online enterprises in Myanmar including Kaymu.com.mm and Shop.com.mm, told Myanmar Business Today that they have “good hopes that in the next one year mobile payment systems and… Read more »


FMI, LSC to develop $24m high-end property in Myanmar capital

First Myanmar Investment Co Ltd (FMI) and Lighting Specialist Co Ltd (LSC) have struck a joint venture deal to develop a high-end property in the country’s capital Naypyitaw. At a total cost of approximately $24 million, construction of KrisPlaza is scheduled to start in early 2015 with completion earmarked for… Read more »


Malaysia’s OCK incorporates telco subsidiary in Myanmar

Malaysia’s OCK Group Bhd has incorporated a subsidiary with Myanmar Integrated Networks (MIN) to expand its footprint in Myanmar’s booming IT and telecommunications market. The new subsidiary, MIN-OCK Infrastructure Pte Ltd, aims to explore opportunities in the provision of tower facilities, utilities and communication network for mobile and broadband operators,… Read more »


Thai hotelier to launch Dusit D2 brand in Myanmar

Thai hospitality and hotel conglomerate Dusit International said it has signed a hotel management agreement (HMA) to open its contemporary D2 brand in Myanmar. Slated for a 2017 opening date, the dusitD2 Residence Yangon is situated between the city centre and Yangon International Airport. The residence will offer 300 units,… Read more »


Three developers bid for railway project in Myanmar

Three developers have submitted tender proposals to the Myanmar railways authorities to compete for the Yangon Central Railway Station comprehensive development project, the Ministry of Rail Transportation said. The three unidentified developers are from nine domestic and foreign companies selected for the project in October last year. The Yangon Central… Read more »


SG’s Rowsley inks JV for $550m Myanmar project

Singapore-based lifestyle real estate and investment company Rowsley Ltd, that is part-owned by billionaire Peter Lim, has teamed up with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly build and manage a $550-million (S$748-million) mixed-use development in Yangon, Myanmar. The deal will see Rowsley invest $275 million for 50 per… Read more »