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Retail Asia15/08/2016

Stephen Twining, a member of the 10th generation of the family that has churned out the premium tea for 310 years, was at the official launch in Myanmar on August 5. He said Myanmar offered a opportunity for high growth, with a large tea-drinking population. “Tea is well-loved in Myanmar, so it makes absolute sense […]

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Retail Asia10/08/2016

Aeon will open new supermarkets in Myanmar at a faster clip over the next five years, according to business plans announced Monday, with shopping centers also under consideration. The Japanese retail group recently established supermarket chain Aeon Orange, a joint venture with Creation Myanmar Group of Companies. The 14 supermarkets purchased from CMGC will be renovated, and the first new Aeon Orange store is to […]

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Retail Asia07/08/2016

Myanmar’s Directorate of Telecommunications has instructed the nation’s mobile operators to complete the registration of all SIMs by next March. The telecom regulator has revealed that any unregistered SIMs still operating by that time will be temporarily suspended. SIMs will need to be registered based on users’ national registration cards, student identity cards, drivers’ licenses […]

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Retail Asia05/08/2016

Japanese grocery and mall giant Aeon is expanding its Asian footprint yet further, acquiring a 14-store supermarket chain in Myanmar. The Aeon Myanmar operation will be run by a new company, Aeon Orange, which has acquired the supermarket chain from Hypermarket Asia, one of the affiliate companies of Creation Myanmar Group. At the same time, […]

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Retail Asia25/07/2016

Singapore Myanmar Investco (SMI) will launch Japanese ramen restaurant chain Ippudo in Myanmar early next year. Brand owner Chikaranomoto Holdings will provide training programs for SMI to set up and run the Myanmar restaurants. “We see abundant growth opportunities within the F&B retail market in Myanmar, and the time is ripe for us to introduce […]

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Retail Asia14/07/2016

A consortium – that includes Yoma Strategic Holdings, its wholly-owned subsidiary Yoma Strategic Investments (YSIL); Mitsubishi Corporation and Mitsubishi Estate; First Myanmar Investment (FMI); and the International Finance Corporation (IFC) – will redevelop a Yangon mixed-used development. The Asian Development Bank (ADB) will become party to the deal, with the rest of the corporate entities establishing a joint venture […]

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Retail Asia14/07/2016

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Japan’s NTT Communications has launched high-speed internet services for enterprises in Myanmar, starting with the Yangon area. The company has secured a network service license from Myanmar’s Ministry of Transport and Communications, and has started offering the new Digi-Path Premier service in the market. The service provides dedicated, fully managed circuits from 1Mbps to connect […]

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Retail Asia14/07/2016

In the street outside Yangon’s Shwedagon Pagoda, a Buddhist monk reaches into the folds of his burgundy robes for his mobile phone. He cuts a somewhat incongruous figure, tapping his screen against a backdrop of golden spires, with a steady stream of pilgrims and traffic all around. But this blend of ancient tradition with digital […]

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Retail Asia14/07/2016

Infoteria Corporation and Tech Bureau Corporation (hereinafter “Tech Bureau”) have successfully transferred loan and deposit account data in the main system of BC Finance, one of the largest microfinance institutions in Myanmar, to mijin, the private blockchain placed on Microsoft Azure using ASTERIA WARP and mijin adapters. We hereby announce that this verifies that ASTERIA […]

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Retail Asia11/07/2016

Telenor Myanmar has officially launched 4G services, starting in capital city Nay Pyi Taw. With the launch the operator has become Myanmar’s second mobile operator to launch LTE services, following Ooredoo Myamar’s debut in May. Telenor Myanamr CEO Petter Furberg said in addition to the debut in the capital, the company is continuing to test […]

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Retail Asia05/07/2016

Bolloré Logistics Myanmar recently announced the start of operations for its new logistics center strategically located in the Mingaladon area, 8km from airport, 25km to main sea port terminals and with quick access to the Asian Highway network. Through a wide range of services and best practices process, this facility will provide our customers with […]

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Retail Asia01/07/2016

In a nascent marketplace where local brands hold their own against foreign competitors, Apple has emerged as the most differentiated brand whereas local telecom player MPT ranks as the most loved. Brands like mobile provider Telenor have also earned recognition for innovation, despite being a recent market entrant. Myanmar’s rapid transformation also means businesses need […]

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Retail Asia24/06/2016

SGX Mainboard-listed Singapore Myanmar Investco (SMI) – engaged in consumer products and services in Myanmar – will be looking at investing in the retail and food & beverage vertical in the next three years. Late last year, SMI inked an agreement with Royal Golden Sky Co Ltd to operate a retail space at the Yangon International Airport. “We will continue […]

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Retail Asia22/06/2016

There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further open up the economy, some companies would not be ready for potentially intense foreign competition. At a panel discussion of the Economist Events’ Myanmar Summit 2016, Sai Sam […]

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Retail Asia21/06/2016

A new H&M athleisure wear range is to be launched in July, developed with input from the Swedish Olympic team and fronted by personalities including Caitlyn Jenner. The launch of For Every Victory makes H&M one of the first major multinational fashion brands to make a serious foray into the booming athleisure wear market, to […]

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Retail Asia20/06/2016

Faced with the highest-ever surge in food prices in the past two years, the NDA government did some brainstorming on Wednesday to devise steps to check prices, especially of pulses. At a review meeting convened by Finance Minister Arun Jaitley here, it was decided to boost supply by increasing buffer stocks and imports. The Centre […]

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Retail Asia31/05/2016

Myanmar’s Ministry of Transport and Communications has arranged to use two Intelsat satellites to improve wireless broadband connectivity for the nation and expand broadband access for businesses. The multi-year, multi-transponder agreement will allow the government to significantly enhance its own network and help mobile operators achieve their 2G and 3G deployment goals, the parties said […]

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Retail Asia25/05/2016

Ooredoo Myanmar has become the nation’s first operator to launch 4G services as part of a staged rollout. The operator has introduced 4G in parts of Yangon, NayPyiTaw and Mandalay, according to an FAQ on the company’s website. The company plans to cover half of Yangon’s townships, around 90% of NayPyiTaw’s townhips and all of […]

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Retail Asia23/05/2016

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Crystal Jade restaurants are headed to Myanmar after a franchise agreement signed between Singapore Myanmar Investco (SMI) and Crystal Jade Management Vietnam. Crystal Jade Group has more than 100 outlets in 20 cities in the Asia Pacific region and the US. Under the terms of the agreement, SMI will have the exclusive right to develop, manage […]

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Retail Asia15/05/2016

Ooredoo Myanmar has revealed plans to launch 4G services in two cities this month, becoming the first operator to introduce 4G into the market. Ooredoo Myanmar CEO Rene Meza told that the operator plans to introduce 4G in Yangon and Mandalay first. A more wide-scale deployment will require more spectrum, Meza said. Ooredoo has applied to […]

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