Business News

Food2U raises six-digit investment

BUSINESS Apr 22, 2018
Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reporte... 53

Aiming high for AI frontier with smart devices

BUSINESS Apr 22, 2018
THE adoption of artificial intelligence (AI) and smart devices will drive enormous changes in the global community, said Eric Xu, rotating chairman of Huawei Technologies Co. Xu said at the recent Hu... 46

Foreign companies eye investment in YBS

BUSINESS Apr 19, 2018
FOREIGN companies have expressed interest to invest in the Yangon Bus Service (YBS), according to a report in Myawady Daily yesterday. “Recently, Malaysia- and China-based foreign companies ... 68

Singapore becomes top investor in Myanmar last FY

BUSINESS Apr 19, 2018
SINGAPORE brought in foreign direct investment (FDI) worth US$2.16 billion with 42 projects last fiscal year (FY), according to official figures released by the Directorate of Investment and Com... 86

Foreign companies to enter Myanmar insurance sector

BUSINESS Apr 19, 2018
FOREIGN insurance companies will be allowed to operate in Myanmar for the development of the Myanmar insurance sector, according to a report in Myawady Daily yesterday. The Myanmar insurance se... 96

Myanmar creating new destinations to attract tourists

BUSINESS Apr 19, 2018
Myanmar's Hotels and Tourism Ministry is striving to promote tourism by developing new modes of tourism and creating new tourist destinations. The ministry has permitted about 1,628 hotels and gues... 67

Average inflation rate hits 4.03 pc in March

BUSINESS Apr 19, 2018
The average inflation rate in March was 4.03 per cent, with the highest rates reported in Rakhine and Mandalay and the lowest in the Union Territory, according to the figures released by the Central S... 67

First global vision for digital industry unveiled

BUSINESS Apr 19, 2018
Huawei Technologies Co, a Chinese ICT giant, on Tuesday released its first-ever Global Industry Vision 2025 report during its global analysis summit 2018. William Xu, director of the Board and chie... 64

YSH partners with IFC, Norfund to develop $28m power project

BUSINESS Apr 18, 2018
YOMA STRATEGIC Holdings Ltd (YSH) has joined with International Finance Corporation (IFC) and Norfund to invest US$28 million in Yoma Micro Power Pte Ltd, which will implement solar power plants and m... 105

ADB urges Myanmar to further liberalise business regulations

BUSINESS Apr 18, 2018
Though Myanmar has liberalised some policies in recent years to attract more foreign direct investment, its FDI regulations are more restrictive than in most peer economies in Southeast Asia, accordin... 64