Nissin Electric relocates plants to Myanmar
Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some manufacturing processes from Thailand and Vietnam. According to an article in the Bangkok Post, the move is to cut labor costs in its contract
Toyota to establish assembly plant at Thilawa SEZ
Japanese car manufacturing giant Toyota Group is to begin work at an assembly plant at the Thilawa Special Economic Zone (SEZ) on the outskirts of Yangon, according to an article in the Myanmar Times. An unnamed source says the company will invest â€
Singapore VC Majuven backs Myanmar’s Daung Capital
Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week. Majuven, an early- and growth-stage venture capital firm from Singapore is the new investor in the company. The dea
Thailand’s Centara to enter Myanmar hotel industry
Thai-based hotel operator Centara Hotels & Resorts and KMA Hotels Group, signed an agreement to develop and renovate six hotels in Myanmar yesterday. Under the agreement, the three existing KMA hotels in Inle, Naypyitaw and Taungoo will undergo
Tokyo Century takes 20 percent stake in Yoma Fleet
Japanese financial services firm Tokyo Century has taken a 20 percent stake in auto leasing firm Yoma Fleet in a deal worth USD 26.6 million, according to an article in Dealstreet Asia. The Japanese firm said that the move will expand Yoma Fleet’s
