General Electric eyes expansion in Myanmar
US technology giant General Electric (GE) may soon expand its Myanmar presence. Wouter Van Versch, President and Chief Executive of GE Asia Pacific, told the Myanmar Times that the company is weighing further investments in power infrastructure
Thai developer to build USD 270 million industrial site
Thai developer Amata Group will partner with the Ministry of Construction on a USD 270 million industrial center outside of Yangon. The Myanmar Investment Commission approved the “Yangon Amata Smart Eco City” on October 21st. The site wi
KBZ app sees USD 1.8 million in transfers
KBZPay, the new digital payment platform from Kanbawza Bank (KBZ), is off to a strong start with over USD 1.8 million in transfers, the company said. The app-based service, which launched in October 2018, allows people to hold funds and make instant
Starbucks postpones Myanmar entry
Starbucks’s long-anticipated entry into the Myanmar market has been postponed once again. The coffee giant announced that it has extended its investment preparation period as it reconsiders opening its first cafes in the country. Starbucks has
Yoma Strategic to invest in renewable power
One of Myanmar’s biggest corporations is investing in renewable energy. Yoma Strategic Holdings will work with Philippine partner Ayala Corporation for a 200 megawatt micro generation enterprise, the Myanmar Times Reported. Yoma Strategic and A
