Huawei cloud service lands major retailer

This week Chinese electronics giant Huawei announced that it had added Ga Mon Pyint, a major Myanmar retail brand, to its growing list of clients for its Huawei Cloud suite of services. The company will provide a full suite of cloud-based business ma

New Yangon City bidders submit expressions of interest

The period for companies to enter the “Swiss challenge” for a major contract within the New Yangon City development came to a close on October 22. The Swiss challenge process allows third party firms to compete with China Communications C

UK’s CDC Group names new Myanmar rep

CDC Group, the UK’s development finance institution, has appointed Myo Zin as its new country representative for Myanmar. Myo Zin will help CDC Group expand its Myanmar investments, especially in sustainable energy and social projects, the organiza

Commercial Plastics lands major investment

Plastic bottle recycler Commercial Plastics Company (CPC) will receive a USD 12.6 million investment from private equity firm Delta Capital Myanmar and Daiwa PI Parters. According to a joint announcement, the deal will be the maiden investment of Dai

Indian officials’ visit ends in new deals

An official visit by India’s foreign secretary Harsh Vardhan Shringla and army chief Manoj Mukund Naravane has yielded several high-value agreements or proposed agreements, including finalizing the launch of a new port in Rakhine State and a pr

India proposes USD 6 billion refinery

A visit by two top Indian officials has ended with a proposal for an India-backed, USD 6 billion petroleum refinery near Yangon. The proposal was discussed in meetings between Myanmar officials and India’s foreign secretary Harsh Vardhan Shring