Universal Robina Corp., which manufactures the popular Jack ‘n Jill-branded snacks and C2 iced tea, is preparing to expand to Myanmar as it continues to widen its reach in the region to complement its booming domestic business.
Dominant network Philippine Long Distance Telephone Co. (PLDT) is cool to the idea of investing in Myanmar’s telecommunications industry, citing the high cost of entry and a competitive landscape that heavily favored locals.
Myanmar sought Monday to drum up investment in a stalled multibillion-dollar sea port project at the heart of the former junta-ruled country’s efforts to revive its impoverished economy.
Key agribusiness groups from the Philippines, Myanmar and Thailand have formed a consortium to develop a formidable Southeast Asian rice supply chain using the proprietary hybrid and premium rice technology of local firm SL Agritech Corp.
Personal care and food group Splash Corp. plans to break into Myanmar’s food industry in alliance with the Dagon group of companies, one of Myanmar’s biggest business conglomerates.
This pharmaceutical executive expanded the Filipino-owned United Laboratories company in Myanmar while at the same time passing all his school assignments on time.
Strong economic growth could lift Myanmar to the rank of middle income nation by 2030 if the formerly army-ruled country overcomes a host of reform challenges, the Asian Development Bank said Monday.
Myanmar on Monday invited foreign firms to invest in its mining sector, in the latest step to open up its economy after decades of isolation from the West.
The country’s two biggest lenders, Banco de Oro Unibank and Metropolitan Bank and Trust Co., are in talks with the group of businessman Manuel V. Pangilinan to fund the businessman’s bid to acquire a controlling stake in the Kapuso broadcasting network GMA 7.
Myanmar’s main airport is expected to exceed passenger capacity this year, officials said Monday, as an influx of visitors to the once-isolated nation prompts plans for a new international flight hub.
Myanmar’s central bank is poised to win independence to set monetary policy, its deputy governor said, in what would be a major economic reform by a government seeking to attract foreign investors.
Businessman Manuel V. Pangilinan plans to expand the infrastructure investments of regional conglomerate First Pacific Co. Ltd. to other Southeast Asian countries, drawing on the group’s experience in telecommunications, water and electricity distribution in the Philippines.
