Major Japanese trading house Sumitomo Corp. has unveiled plans to set up a logistics subsidiary in Myanmar to cash in on the increasingly promising local market and further strengthen its footprint in the entire Southeast Asian region.
04 Feb 2015
The first sailing of MCC Transport’s new direct service between China and Myanmar is on the water as the sister company of Maersk Line moves to capitalise on growing trade between the two nations.
17 Jan 2015
Maersk subsidiary MCC Transport and China Shipping Container Line (CSCL) will both launch direct services between China and Myanmar on Jan. 24 to capitalize on growing trade between the two Asian nations.
31 Dec 2014
After two years of preparations, Nippon Express Co. has set up a subsidiary in Myanmar, formerly called Burma, joining a growing army of Japanese transportation, logistics and other firms aiming to cash in on what is widely seen as Asia’s last frontier market.
22 Dec 2014
Singapore-listed Yoma Strategic Holdings will receive a $100 million loan from the Asian Development Bank (ADB) to build up Myanmar’s transport and logistics infrastructure urgently needed to create sustainable economic growth.
16 Oct 2014
Cross-border trade between Southeast Asia neighbors Thailand and Myanmar in 2014 is expected to grow 10 percent year-over-year to more than $6 billion.
01 Sep 2014
Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier’s financials despite the line posting a pre-tax profit.
01 Aug 2014
Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.
26 Jun 2014
The lifting of sanctions against Myanmar two years ago came at a time when garment makers in China were struggling with fast-rising labor costs and looking around Asia for alternative sourcing options.
25 Jun 2014
Damco, Maersk Group’s logistics unit, has started operations at the first international container freight station in Myanmar.