Foreign investors may soon apply online
Foreigners seeking to invest in Myanmar will soon be able to apply online, according to the Directorate of Investment and Company Administration (DICA). The planned digital portal aims to help investors stuck outside the country due to pandemic lockd
Influencer startup lands Myanmar investment
Myanmar’s UMG Group has invested in Indonesian influencer platform SociaBuzz. The investment — of an undisclosed amount — was via UMG Idealab, UMG’s early-stage venture capital enterprise, the company said in a statement. SociaBuzz, w
Sixteen firms submit New Yangon City proposals
The “Swiss challenge” for a major contract within the New Yangon City project will move forward with 16 eligible bidders from nine countries. The firms will submit bids for a USD 800 million contract to build infrastructure within the mas
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
