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Retail Asia22/03/2016

Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. The first phase of the US$440 million project included a shopping centre called Myanmar Plaza, which opened at the end of […]

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Retail Asia20/03/2016

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Kirin Holdings will begin brewing and selling its flagship Ichiban Shibori beer in Myanmar as early as this month. The Japanese brewer will make the premium beer at the Yangon plant of Myanmar Brewery, which Kirin acquired last summer. It will initially provide it to Japanese restaurants and other high-end eateries, and aims to supply […]

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Retail Asia20/03/2016

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Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete, with US fast-food chain Kentucky Fried Chicken the first international restaurant confirmed to open in the new space. Yangon Aerodrome Company Limited (YACL), an Asia […]

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Retail Asia14/03/2016

Singapore’s Sia Huat and Myanmar based Premium Distribution have entered a joint venture that now operates a showroom in Yangon for further expansion of food service business. Germany’s Metro Group, with wholesales trade format that deals mostly with food and consumer electronics is thinking to enter Myanmar and Iran by the end of this year. Singapore’s Sia Huat, […]

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Retail Asia09/03/2016

Major real estate firm Mitsubishi Estate Co. is planning to start a roughly 50 billion yen (about $438,616,000) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in Yangon, Myanmar. Mitsubishi Estate plans to draw on its experience of developing Tokyo’s Marunouchi […]

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Retail Asia04/03/2016

Competing visions for the future of Pomelo have seen several founders forced out of the company in recent months amid allegations of physical intimidation, threatening emails and defamatory public statements. The Myanmar Times‘ RJ Vogt investigates what went wrong at Yangon’s best-loved social enterprise. One of Yangon’s most popular social enterprises, Pomelo, is being torn apart […]

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Retail Asia18/02/2016

Myanmar’s garment sector is targeting a 300% increase in garment exports to the European Union (EU) by end of 2019 thanks to a EUR2.8m (US$3m) funding boost as the second phase of the SMART Myanmar project gets underway. The EU-funded SMART Myanmar project – SMEs for Environmental Accountability, Responsibility and Transparency – aims to build the sustainable […]

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Retail Asia10/02/2016

At least seven companies of India’s oldest conglomerate, Tata Sons, have zeroed in on Vietnam and Myanmar as markets that need to be penetrated into. Growing economies and an expanding middle class, as well as pacts with global powers and tax incentives have made these countries important for firms that seek to reach out further […]

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Retail Asia09/02/2016

Department store operator Parkson Retail Asia has posted a second quarter net profit of $2.9 million, down 71.6 per cent from the same period a year ago. Revenue in the three months to Dec 31 fell 12 per cent to $103.5 million, driven by a 7.3 per cent fall in same store sales growth in […]

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Retail Asia09/02/2016

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The International Finance Corporation, the World Bank Group’s private lending arm has signed for a $25 million loan to be provided to City Mart Holding Company Limited, the largest private retail group in Myanmar, to finance the expansion of the retail business in the country. Currently, CMHL has over 150 retail outlets in the country and plans to […]

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Retail Asia07/02/2016

Under the bidding proposal, Pertamina and MPPE would establish a joint venture to sell co-branded oil fuels. Pertamina would operate 18 fuel depots and 12 fuel stations across the Mekong country through the joint venture, Ahmad said. “We would invest $33 million for the project,” he said, adding that the deal would also open an […]

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Retail Asia04/02/2016

Soilboild Construction Group announced on Tuesday that it has attained a design and build contract worth about US$9.4 million to carry out addition and alteration works at St John Shopping Center in Yangon, Myanmar. The project was awarded by a joint venture between two companies in Myanmar which have activities in retail and real estate […]

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Retail Asia04/02/2016

‘I run the business just like a hobby’: says Bosco Law, Lawsgroup chief executive. Before his death in 1996, the Hong Kong textile tycoon Law Ting-pong handwrote a letter of wishes in which he expressed the hope that “those who are careful at the beginning would also be careful to the end”. Unfortunately, the lack […]

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Retail Asia02/02/2016

As well as electronics and mobile phones, its usual products, Vietnamese chain Mobile World is planning to distribute groceries in its first stores in Cambodia, Laos and Myanmar. CEO Tran Kinh Doanh says the stores will open early next year. Meanwhile, he has revealed two goals – to become one of the biggest eCommerce firms […]

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Retail Asia31/01/2016

A decisive victory for the opposition in Myanmar’s general elections in late 2015 generated a fresh wave of investor optimism, raising hopes of increased economic stability in 2016 after a somewhat uncertain year. Victory at the polls in November for the National League for Democracy (NLD), under Daw Aung San Suu Kyi, will see greater […]

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Retail Asia29/01/2016

Southeast Asia payments company 2C2P of Singapore, with its Burmese founder and CEO Aung Kyaw Moe, has taken a step to modernise Myanmar’s economy with the country’s first co-branded debit card so its citizens can shop with international merchants. The new UnionPay and Myanmar Payments Union (MPU) co-branded debit card is being introduced along with […]

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Retail Asia28/01/2016

It’s for a shopping center’s addition, alteration works. Soilbuild Construction has nabbed a build and design contract worth about US$9.4m, or $13.4m. According to the company’s media release, as Soilbuild’s second contract in Myanmar, the US$9.4m deal is for the addition and alteration works of St. John Shopping Center in Yangon. It was awarded by […]

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Retail Asia20/01/2016

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Awards gala in Yangon will be preceded by the high-level forum Property Report Congress Richard Emerson of Savills Myanmar, chairman of the judging panel; Terry Blackburn, founder of Asia Property Awards and publisher of Property Report; Aung Kuaw Thu, project manager of gold sponsor Rinnai; Htun Naing, general manager of Empire Holding Co Ltd, authorised […]

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Retail Asia19/01/2016

Supermarket group Myanmar City Mart Holding Company (CMHL), the nation’s largest private retail group, is borrowing $25 million to finance a nationwide expansion. With more than 150 retail outlets in Myanmar, the company plans to build 20 more supermarkets and hypermarkets over the next three years. It plans a sixfold increase in its purchases from […]

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Retail Asia13/01/2016

The Work Bank Group’s International Finance Corporation (IFC) has invested US$25m in Myanmar’s largest private retailer Myanmar City Mart Holding (CMHL) to expand its operations, create jobs and boost Myanmar’s retail sector. CMHL plans to use the loan to construct 20 additional supermarkets and hypermarkets over the next three years, adding to the 150 stores […]

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