Kirin reconsiders partnership
Japanese beverage giant Kirin has announced that it will review and reconsider its business partnership with the military (Tatmadaw). The announcement follows mounting international pressure to sever ties with Myanmar Brewery, the country’s lar
Hong Kong and Chinese partnership to invest USD 800 million in power projects
A partnership between a private Hong Kong company and a Chinese state-owned enterprise will invest USD 800 million in three new power plants. Hong Kong-listed VPower Group announced that it will establish a joint venture agreement with Chinese state-
Malaysian company announces USD 750 million development in Yangon
A major Malaysian developer has announced plans to build a roughly USD 750 million mixed-use project in Yangon. Malaysian conglomerate Berjaya Land Berhad, or BLand, operating in Myanmar as BDS Smart City Co. Ltd, signed a lease for 74 hectares in Da
Facebook suspends Myanmar accounts spreading fake news
Facebook announced that it has removed a network of bogus accounts and pages. It banned 13 accounts and 10 pages that had ties to Mytel, Myanmar’s fourth telecom provider that launched in 2018, and its foreign stakeholder, Vietnamese telecom Vi
Thai developer to build USD 1 billion complex in Yangon
Thai developer Amata Corp. has announced plans to invest USD 1 billion in an industrial complex in Yangon. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry of Construction in the country’s capit
