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Tag: myanmar

Retail Asia22/08/2017
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Finance

Myanmar’s KBZ Bank adopts virtualization

3min0
Myanmar’s Kanbawza Bank (KBZ Bank) plans to virtualize its data center to help support the nation’s growing digital economy. KBZ Bank will be modernizing its IT infrastructure for the benefit of all 482 branches as well as representative offices in Thailand, Singapore and Malaysia. With more than 40% market share of the commercial and retail […]
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Retail Asia18/07/2017
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Logistics

Yusen Logistics opens new logistics centre in Myanmar

1min0
On July 12, Yusen Logistics held an opening ceremony for Thilawa Logistics Centre in the Thilawa Special Economic Zone (SEZ) in Myanmar. The event was attended by Thilawa SEZ Management Committee Vice Chairman Cho Cho Win; Ambassador Extraordinary and Plenipotentiary Embassy of Japan in Myanmar Tateshi Higuchi; Myanmar Japan Thilawa Development Limited (MJTD) Chairman Thein […]
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Retail Asia12/07/2017
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General

Singapore Myanmar Investco reports encouraging initial retail results at Yangon International

5min0
Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty free, other […]
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Retail Asia26/06/2017
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Logistics

CEVA opens an office in Myanmar

2min0
As part of its strategic expansion in the emerging Mekong markets, CEVA Logistics, one of the world’s largest supply chain management companies, has opened its office in Myanmar’s capital, Yangon. For the last five years, CEVA has been operational in the country through a network partner, providing freight management services to a number of multinational […]
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Retail Asia23/06/2017
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Telecom

MPT upgrading new LTE network to 4×4 MIMO

2min0
Myanmar Post and Telecom (MPT) has adopted 4×4 multiple input multiple output (MIMO) technology for its recently-launched 4G network covering Yangon, Mandalay and Nay Pyi Taw. The operator is using LTE-Advanced technology capable of internet speeds of up to 150Mbps in 47 townships across the three cities. MPT meanwhile plans to extend its LTE-Advanced network […]
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Retail Asia02/06/2017
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Telecom

Myanmar cellcos cleared to use 1800 for 4G

2min0
Myanmar’s Ministry of Communications and Information Technology (MCIT) has granted permission to the market’s mobile operators to launch 4G over the 1800-MHz spectrum assigned to them. Mynmar Posts and Telecommunications, Telenor Myanmar and Ooredoo Myanmar have been cleared to use 2x10MHz of 1800-MHz spectrum allocated under a 12 year license. Operators will be required to […]
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Retail Asia17/05/2017
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Food

Burger King GM talks Myanmar expansion plans

5min0
Biting into a Burger King in Myanmar for now requires a passport, with the country’s only restaurant located past customs at Yangon International Airport. But franchise operator Minor Food Group is hoping local appetite will merit many more outlets. Thai firm Minor Food Group (MFG) opened Myanmar’s first Burger King in Terminal 1 on July […]
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Retail Asia16/05/2017
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General

Vietjet expands its international presence with new Hanoi – Yangon route

2min0
Vietjet continues its international route extension program with the announcement of the launch of the Hanoi to Yangon (Myanmar) route, with tickets priced from only HKD70 (USD9). The new service, commencing August 31, 2017, is expected to meet the increasing travel demands of individuals, tourists and businessmen between Vietnam’s capital city and the Burmese tourism […]
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Retail Asia11/05/2017
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Logistics

Siemens partners with MMH to provide technology for Myanmar’s ports

4min0
Myanmar Mahar Htun (MMH) to provide technology and solutions for Myanmar’s busy ports with ever-increasing requirements. Through this collaboration, MMH will equip ports with cranes that feature Siemens’ technology, which would enable them to upgrade their services, enhance safety features and improve productivity. This is in alignment with the focus of Myanmar Port Authority (MPA) […]
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Retail Asia26/04/2017
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Telecom

Myanmar mobile payment firm ONGO gets new investor

2min0
National Bank of Canada (NBC) has acquired a 22% stake in Myanmar-based mobile payments firm ONGO for an undisclosed sum. ONGO is the consumer facing brand of Ronoc Asia, a subsidiary of the emerging markets investment business Ronoc. It offers retailer payments solutions, payroll programs and direct to consumer services leveraging payments technology. ONGO currently […]
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Retail Asia18/04/2017
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General

Manila Water to submit scaled-up proposals in projects in both Myanmar and Indonesia

3min0
Manila Water the water concessionaire for the East Zone of Metro Manila, said it would submit scaled-up proposals within the third quarter of the year for possible water concessions in Myanmar and Indonesia following the completion of its pilot projects. In a news briefing after the firm’s annual stockholders’ meeting, the company’s Chief Operating Officer […]
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Retail Asia30/03/2017
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Food

Yangon food court a first for Myanmar

1min0
Myanmar has its first Japanese-style food court, thanks to a joint venture between City Mart Holdings and Japanese trading company Sojitz Corp. Tokyo Dining City, home to six restaurants, opened on Wednesday inside a new commercial building in Yangon’s CBD. The Yangon food court can seat 200 diners and primarily targets office workers. “Japanese food […]
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Retail Asia30/03/2017
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Fashion

Diesel Myanmar opens monobrand store

1min0
Diesel Myanmar has opened its first monobrand store, at Yangon International Airport. With a new design concept, the 100 sqm outlet was conceived in collaboration with Japanese architectural firm Wonderwall, headed by interior designer Masamichi Katayama. In collaboration with Diesel artistic director Nicola Formichetti, the Tokyo team came up with the concept of an apartment […]
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Retail Asia28/03/2017
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Fashion

Diesel makes Myanmar debut at Yangon airport

2min
Diesel has opened a new monobrand store in Yangon airport as the brand makes its debut in the Myanmar market and reinforces its presence in global travel-retail. With the new 100sq m store, Diesel opens the doors to its renewed retail design concept. The store is the first monobrand boutique for Diesel across Asian travel-retail developed in collaboration […]
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Retail Asia28/02/2017
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General

Myanmar distribution platform on way

2min0
Singapore-listed Yoma Strategic Holdings has partnered with international wholesale/retail food company Metro Group to establish an integrated wholesale Myanmar distribution platform. Metro Wholesale Myanmar aims to address the “evolving needs” of professional customers. Yoma Strategic holds a 15 per cent stake in the business with the remaining 85 per cent taken by the German group. […]
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Retail Asia19/02/2017
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General

Myanmar firm set for return to Ambiente next year

6min
Thanks to the firm’s satisfactory business performance over the past two years, Bella Interiors, which produces a spectrum of Myanmar crafted rattan furniture and accessories, hopes to return to the Ambiente, an annual global consumer-goods platform held in Frankfurt, next year. Stellabeth Swezin Le, business development director of Bella Interiors, said that the firm received […]
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Retail Asia19/02/2017
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General

Tata Steel explores Myanmar

2min
Boosted with the success of its solution business in the retail segment in the domestic market, steel major Tata Steel is now exploring possibility of entering overseas markets like Bangladesh and Myanmar with retail branded steel solution products. “We have a great success in developing brands and distribution network in B2C markets in India. Bangladesh […]
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