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KFC Myanmar plans to expand into new territories as locals embrace the fast-food concept. Two recent openings in Monywa and Pyay have brought the number of KFC outlets in Myanmar to 26 across six regions, only eight of which are outside Yangon. The local…
The planned Jones the Grocer Myanmar expansion has been cancelled. Singaporean Myanmar Investco investment and management firm has called off a partnership with restaurant chain Jones the Grocer. The company, which specialises in investments focused on the…
Krispy Kreme Myanmar will open its first store next month. The US doughnut brand has appointed a local franchisee partner which it says has plans to open 10 stores “in the near future”. Krispy Kreme Myanmar will be one of only a small number of early entrants…
CP All is assessing expansion opportunities in China and India for its Siam Makro cash-and-carry retail concept. It is also evaluating opening a store in Myanmar after experiencing success in nearby Cambodia. “Siam Makro is on a new journey of expanding in…
When RHB, a Singapore brokerage, first selected Singapore Exchange-listed Yoma Strategic Holdings as one of its top five stock picks for retail clients on May 2, shares of the company soared 15 percent, hitting a 4-month high of 48 cents on May 9 as investors…
Telenor Myanmar has teamed up with streaming entertainment service iflix to offer customers with unlimited streaming access to promote the operator’s new fixed broadband offerings. Access will be provided to customers on Telenor’s 5Mbps, 10Mbps and 15Mbps…
Myanmar’s MyTel has announced it has achieved 70% population coverage with its 4G network mere months after launch. MyTel, the joint venture between Vietnam’s Viettel and a consortium of local technology companies, launched services in March in Nay Pyi Taw,…
edotco Myanmar (edotco MM), an integrated telecommunications infrastructure services company in Myanmar today signed with Ooredoo Myanmar Limited (OML), a telecommunications service provider to take over energy assets and management on 1,250…
Hong Kong’s Coffee Concepts has won the rights to open Starbucks stores in Myanmar. The first Starbucks Myanmar store will open in Yangon, operated by a subsidiary Coffee Concepts (Myanmar), having received overseas investment approval. Coffee Concepts is a…
Foreign companies are now allowed to invest in Myanmar’s retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Rohingya refugee crisis. The Ministry of Commerce announced the change on…
Ooredoo Myanmar has entered a partnership with Myanmar’s first eSports center Halls of Gamers (HOG) to provide high-speed connectivity for competitors. Under the agreement, Ooredoo will provide high-bandwidth fiber broadband services to HOG at a special rate…
The Myanmar government has revealed plans to impose a 2% tax on the income of mobile operators starting in June to fund expansion of telecoms services to unserved rural areas. The proceeds from the tax will be pooled into a universal service fund to fulfil…
Myanmar food-delivery platform Food2U has raised a six-digit investment from Premium Distribution, which handles retail, food services and non-food products. It imports and distributes products from such food brands as Cadbury, Ferrero, Fontana and Nestle, as…
Myanmar’s fourth operator MyTel has launched 4G services, and plans to expand its network to all 15 states and regions of the nation next month. The operator started selling SIM cards in Nay Pyi Taw, eastern Bago and Kayin State earlier this month. MyTel…
AirAsia Bhd is in talks with a potential partner to open an airline serving Myanmar, in a move that would help the low-cost carrier cover up to 95% of the Southeast Asian travel market. In an interview with Reuters today, the airline’s group chief executive…
Prime Yangon retail space remains almost fully occupied despite a record addition of new stock on the market last year. As a result, city retail rents are likely to rise by 4 to 5 per cent in the near-term, reflecting high demand. “Rents should continue…
