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PETALING JAYA: The Central Bank of Myanmar (CBM) has granted Malayan Banking Bhd (Maybank) a banking licence to open a branch office in Myanmar, which will help strengthen the bank’s regional footprint in Asean.
NAYPYITAW: Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters.
YANGON: China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said.
PETALING JAYA: Sunway Construction Group Bhd (SunCon) is set to make its foray into the Myanmar market following its latest partnership with the construction arm of a Myanmar-based conglomerate.
KUALA LUMPUR: Myanmar is rife with business opportunities in the resource and non resource-based industries as well as domestic markets, according to speakers at seminar here.
SINGAPORE: Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for retail outlets.
BEIJING: China said it will continue to talk to Myanmar about a controversial stalled dam project, after Myanmar’s new energy minister cast doubt over the scheme.