Myanmar’s first textile-based industrial zone to be established in Sagaing

Eastern Development International (Myanmar) and Dongzhan Textile Group, a Chinese company, are set to jointly develop a textile industrial cluster worth over US$371 million in Sagaing Region. The two companies will work with the private sector on all stages of construction of the project, making it the first textile-based industrial zone in Myanmar. The project […]

Yangon veggie delivery service seeks partners

Businesses are invited to take part in a Yangon Farmers Market programme to deliver vegetables to 39 townships in Yangon Region, said U Min Zaw, executive committee member of the Myanmar Fruit, Flower and Vegetable Producers and Exporters Association. The programme will sell vegetables from Yangon Region as well as from Naungtayar in Pinlaung township […]

MFVP invites business partners for Yangon mobile market plan

Myanmar Fruit, Flower and Vegetable Producers and Exporters Association (MFVP) has called for the affiliated associations and businesspersons to cooperate in the distribution and retail business of Yangon mobile market scheme. MFVP planned to help support fast and smooth commodity flow of the producers and market stability amid the COVID-19 crisis and initiated the mobile […]

Low-Grade to High-End: Waking Up the Myanmar Coffee Market

THE SOCIAL CHALLENGE Economic Development Most of the world’s commercial-grade coffee farmers are not paid enough to sustain profitable farms, prompting them to cut down coffee trees. This was the case in Myanmar, which lacked a cohesive coffee value chain to promote coffee globally or within the country, and where there was little knowledge of […]

Myanmar should develop domestic production to grow local economy: Czech Republic

Myanmar should enhance domestic production and develop its local markets, says Martin Tlapa, Deputy Minister for Foreign Affairs of the Czech Republic, during a talk entitled “Economic Transition: The Czech Experience and its Relevance for Myanmar” last week. In sharing appropriate approaches with Myanmar, Mr Tlapa said Myanmar should enhance the production of domestic products […]

Limited Links Sink Myanmar’s Potential

Despite its 2,000 kilometer-long coastline, reaching from Bangladesh to the west and Thailand to the east, Myanmar is home to only nine functioning ports, with the one in the commercial capital of Yangon spread across various sites and run by different owners. The ex-capital currently handles 95% of the country’s maritime trade. Annual port throughput […]

Japanese joint-venture plans Yangon hotel

Hotel Okura Co Ltd said it would develop the luxury Okura Prestige Hotel with Ayeyar Hinthar Holdings Co Ltd in Yangon by 2020, with five more hotels due in the next five years. The company expects to sign a contract with Yangon Technical and Trading Co Ltd, a subsidiary of Ayeyar Hinthar, in August, working […]

Japan’s MHM merges with Thai firm in first tie-up of its kind

Mori Hamada & Matsumoto (MHM), one of Japan’s largest law firms, has acquired leading firm Chandler & Thong-ek (C&T) in Thailand as part of a push into South East Asia. The acquisition comes just over a year after the Japanese firm opened its third ASEAN office in Bangkok. The office is located in the same building […]

Trusted NLD veteran set to be next Myanmar president

Sixty-nine-year-old Htin Kyaw, a trusted veteran of the National League for Democracy (NLD) and long-time family friend of party leader Aung San Suu Kyi, is set to become Myanmar’s next president after being nominated by the party. His name was read out in the Lower House yesterday morning, in a culmination of weeks of speculation […]

Ooredoo, Telenor to partner with Samsung for mobile services

International telecoms operators Ooredoo and Telenor will cooperate with tech giant Samsung to provide faster mobile internet services in Myanmar. Ooredoo Myanmar and Samsung signed a memorandum of understanding last Friday offer customers a range of “Special Bundles” designed to make the most of Ooredoo’s 3G network on data-driven Samsung devices. Ooredoo’s products and services […]