Tag: myanmar

Retail Asia20/09/2022
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5min0
Over recent years, Burmese casino players have had several options to help them enjoy the thrill of online gaming. With the number of online casinos available in Myanmar, it may not be easy to pick the right choice. Let’s take a look at the dynamics of online gaming in Myanmar. How to Open an Online […]

Retail Asia25/07/2022
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2min0
Qatari telecoms giant Ooredoo is considering selling its Myanmar unit, a source with knowledge of the matter told Reuters, following the exit of Norwegian carrier, Telenor, in March this year. Ooredoo is now the only foreign telecoms service provider operating in Myanmar amid the increasing pressure on the local industry, the result of the military […]

Retail Asia22/03/2022
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4min0
Myanmar’s junta has approved the sale of Norwegian telecoms giant Telenor’s Myanmar subsidiary to Lebanese conglomerate M1 Group, in a move activist groups warn could put sensitive customer data in the hands of the military. The Southeast Asian nation has been in chaos since a coup last year sparked huge protests and a bloody military […]

Retail Asia15/02/2022
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5min0
Japanese drinks giant Kirin said Monday (Feb 14) it will withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s coup. The brewery is the latest foreign company to pull out of Myanmar with international pressure building against the junta since it ousted […]

Retail Asia10/02/2022
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2min0
The sale of Telenor’s Myanmar subsidiary could place the personal data of its 18 million customers in the junta’s hands. As Telenor finalizes the sale of its Myanmar business to a military-linked group, concerns have been raised that sensitive data will be infringed and that families of activists in hiding will be put in harm’s […]

Retail Asia18/01/2022
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4min0
Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51% share of Digital Money Myanmar Limited (“Wave Money”) for USD 53 million to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. This subsidiary is to be funded by a consortium of investors led by Yoma Strategic which remains […]

Retail Asia09/07/2021
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3min0
Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of US$105 million USD, of which US$55 million is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately US$600 million USD. M1 Group will acquire all the shares in Telenor Myanmar […]

Retail Asia11/05/2020
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1min0
The first Siam Makro store in Myanmar has opened its doors as the Thai-based cash & carry operator eyes the fast-growing foodservice sector in the rising country Myanmar. Located in Myanmar, the more than 7000sqm store offers more than 10,000 lines of fresh food, dry food, and other products. “Makro was big, huge,” a shopper […]

Retail Asia16/04/2020
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2min0
Thailand’s third-largest lender has received preliminary approval to operate in the Southeast Asian nation of 54 million people. SCB will be allowed to open up to 10 branches in the business area with an initial focus on Thai clients with investments in the country, according to Reuters report citing chief executive Arthid Nanthawithaya, who said the bank […]

Retail Asia06/04/2020
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1min0
Japan’s largest retailer Aeon is to open a shopping mall in Yangon, Myanmar’s largest city, in 2023. The Japanese retailer will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture in the country this year. The new Aeon shopping mall will target Myanmar’s middle class, which is predicted to increase significantly […]

Retail Asia01/04/2020
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2min0
Japanese automaker Suzuki Motor Corporation has announced that it will be setting up a new manufacturing facility in Myanmar, under its subsidiary Suzuki Thilawa Motor. This will be the company’s third facility in Myanmar and will be located in the Thilawa Special Economic Zone, southeast of Yangon. At present, Suzuki produces the Carry LCV, Ciaz, […]

Retail Asia07/02/2020
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2min0
Singaporean banks continue tapping into the growing sustainable finance market with the latest $44 million loans secured by Burmese developer Shwe Taung Group – the first in the country. Sole green loan advisor OCBC provided nearly $30 million with the remaining secured from UOB through the two Singaporean lenders’ Yangon branches. The $44 million loans […]

Retail Asia09/12/2019
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2min0
In a significant move towards financial liberalization, the country issued its first-ever licenses to five foreign fully owned life insurers. It also awarded licenses to six joint ventures to operate in the country. Myanmar’s Financial Regulatory Department has issued full licenses to Prudential, Dai-ichi Life, AIA, Chubb and Manulife to issue life insurance policies through […]

Retail Asia02/12/2019
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2min0
Italian fashion brand United Colors of Benetton, has released a new collection to celebrate its presence in the Burmese market. Benetton entered Myanmar in October 2017 and now has two stores in prominent areas, with plans to further expand its base in the territory over the coming decade. Benetton Group has a global network of […]


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