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Tag: myanmar

Retail Asia06/01/2016
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Electronics

Korea’s E-Mart Vietnam launches

4min
As a first step in a Southeast Asian rollout, Korean discount store E-Mart has opened its first outlet in Vietnam. It goes head-to-head with rival Korean chain, Lotte Mart, which has been in Vietnam since 2011 and now has 11 stores. The E-Mart Vietnam launch follows four years of researching the Vietnamese retail market. Run […]
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Retail Asia29/12/2015
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E-Tailing

Thai CP Group unit True Money Myanmar to test money transfer service soon

2min
True Money Myanmar, a financial service by Thailand’s Charoen Pokphand Group, will be test-piloting its money transfer service from January 2016 in partnership with local Asia Green Development Bank. The firm is currently working in Myanmar as a mobile top-up service provider for Myanmar Post and Telecommunications (MPT) and MEC since September 2015. In Myanmar, the […]
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Retail Asia25/12/2015
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General

SMI secures five-year retail licence at Yangon airport

3min
Singapore Myanmar Investco (SMI) subsidiary SMI Retail is to operate duty-free, retail and food and beverage facilities at Yangon International airport (YIA) terminal two from April 1 2016. The retail operator has been awarded a five-year licence, with the option to extend for a further  five years. Comprising 6,725sq m of retail space, SMI will host 43 […]
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Retail Asia21/12/2015
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Automotive

Yoma to distribute Mitsubishi cars in Myanmar

3min
Mainboard-listed Yoma Strategic Holdings announced on Wednesday a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar. The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of Mitsubishi cars and spare parts. It will also take over the […]
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Retail Asia21/12/2015
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Finance

Myanmar central bank to grant new foreign bank licences

3min
The Central Bank of Myanmar plans to initiate a second round of foreign bank licencing in early 2016, the monetary authority said. The aim is to licence banks from “additional neighbouring and important trading partner economies”, quoted the central bank as saying. “The main objective of the second round of licensing is to further promote existing […]
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Retail Asia15/12/2015
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Food

Foreign wine imports to hit Myanmar’s shelves

5min
U Tin Ye Win, a commerce ministry director in Nay Pyi Taw, said three or four companies have been granted licences, and several more are in the process of applying, but have not yet met all the requirements. Premium Distribution Company has been importing wines from South Africa and Italy since late November and Loi […]
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Retail Asia11/12/2015
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Food

JV plans 20 Pizza Hut Myanmar stores

3min
Hong Kong’s Jardine Group says its Myanmar joint venture will open up to 20 Pizza Hut restaurants across the new market within five years. With the first outlet just opened in Yangon, the Jardine CM Restaurant Group plans a second in early 2016 with a gradual expansion thereafter as it tests the market. If sales […]
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Retail Asia02/12/2015
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Food

Tony Roma’s Myanmar opens second location

2min
Tony Roma’s Myanmar has opened its second restaurant in the fast-developing country. The first Tony Roma’s there opened earlier this year, and the response from the local consumer to the brand’s signature food and beverages has been tremendous, says Stephen Judge, president and CEO of Romacorp, Inc, Tony Roma’s parent. The second restaurant, like the […]
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Retail Asia27/11/2015
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General

Parkson expands into food to stem losses

3min
Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty  – and import new fast fashion brands. The company has invested RM100 million (US$22.8 million) into a rebranding and repositioning project. It will also […]
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Retail Asia26/11/2015
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Real Estate

Moreh gets first shopping complex

1min
Manipur’s Moreh which borders Myanmar got its first multi-storied shopping complex on Wednesday. Deputy chief minister Gaikhangam, who also holds the home portfolio, inaugurated the complex that comprises 82 shops, a car parking site, a conference hall and a food court. The gateway to South East Asia, Moreh, in tribal-dominated Chandel district, sees business of […]
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Retail Asia12/11/2015
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Living

Siam Makro eyes Myanmar, Vietnam, Indonesia

1min
Thai retailer Siam Makro says it is keen to enter Myanmar, one of three key Southeast Asian markets it considers a priority. Siam Makro, which operates the Makro-branded cash-and-carry stores, has confirmed to the Bangkok Post newspaper that it has completed a feasibility study on the fast-deregulating Myanmar market. CEO Suchada Ithijarukul said the company […]
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Retail Asia05/11/2015
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General

Thai events organiser taps into Myanmar’s showbiz potential

5min
Co-chief executive officer Kriangkrai Kanjanapokin said yesterday Myanmar was transforming into a new era of development that needed infrastructure, real-estate projects, accommodation and transport. This presented a huge opportunity for foreign investors, including Thai enterprises. Through its joint-venture company ICVeX based in Yangon, Index Creative Village will next year hold “Myanmar FoodBev” and “Myanmar Retail […]
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Retail Asia04/11/2015
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Real Estate

Robinson Thailand plans more border stores

2min
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the border with Myanmar. It follows a similar store which opened in Mukdahan, on the […]
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Retail Asia02/11/2015
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General

ANZ grows retail footprint in Asia

2min
ANZ has officially opened a branch in Myanmar after receiving final regulatory approval from the south-east Asian nation’s central bank. The branch has been established to service multinational and joint venture companies with a presence in Myanmar, as well as international companies looking to enter the country from ANZ’s network countries. ANZ said the Myanmar […]
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