The Hanoitimes – Vietnamese conglomerate Vingroup announces its stepping in pharmaceutical industry with the launch of its own brand Vinfa. As announced in Vingroup’s website on Sunday, the firm will establish a pharmaceutical research and production center worth VND2,200 billion (US$97.9 million) in Bac Ninh province. Covering an area of nearly 10hectares, the project’s first phase is […]
Read MoreThe Hanoitimes – Out of 370 business conditions under the Ministry of Finance (MoF) management responsibility, half of this number is proposed to abolish and simplify. Specifically, the MoF suggested to abolish 99 requirements and simplifying the other 89, equivalent to 50.8% of the total business conditions, informed the agency during a meeting with the government […]
Read MoreSiam Commercial Bank (SCB) plans to shutter 200 physical branches this year as part of its three-year plan to cut operating costs by 30% by 2020 and move towards digital banking. Mobile banking service has operating costs 40-50% lower than branch services, said chief executive and president Arthid Nanthawithaya. Employees who work at branches will be […]
Read MoreWith the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments in the sector, as this will draw much needed foreign direct investments (FDI). This includes the construction of new industrial zones. “Presently, management […]
Read MoreArrangements are being made for sugar re-export licenses to be reissued after this year’s sugarcane crushing season ends within the next few weeks, said U Win Htay, deputy chair of Myanmar Sugar and Sugar Cane Related Products Merchant & Manufacturers Association. The announcement was first made at a regular meeting between government ministers and local […]
Read MoreMyanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]
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