HYUNDAI MOTOR BASKS IN K-WAVE IN MYANMAR
HYUNDAI Motor aims to raise its market share in Myanmar to over 15 per cent in the next three or four years, basking in the huge popularity of South Korean culture.
Hyundai Motor, which opened its first showroom in Yangon in August, plans to set up 14 dealerships in major cities by 2018.
IMAX TO BEGIN PRODUCING IN CHINA
IMAX Corp, which designs and manufactures large-screen cinema equipment, announced in Los Angeles that it has set up a joint venture with a Chinese multinational, TCL Multimedia Technology Holdings, to manufacture US$250,000 (S$310,000) home-theatre systems in China.
MALAYSIA IN TOP 10 OF BUSINESS RANKING
MALAYSIA advanced for the first time into a top-10 ranking of nations the World Bank deems friendliest to businesses, as Singapore led the annual scorecard for an eighth straight year.
Malaysia vaulted to sixth from 12th, the bank said in its 2014 “Doing Business” report.