Capital Diamond Star Group to bring coffee mix to American shelves through venture

3 The brand name has been changed to Ideal Tastes, but the product will be similar to the popular Myanmar brand Premier, according to Lim Chong Chong, chief financial officer for Capital Diamond Star Group, a large local company. Branding on the package of the instant coffee will be in English, Chinese, Spanish, Vietnamese and […]

Capital Diamond Star Group & Mitsubishi in $200m tie-up

Local conglomerate Capital Diamond Star Group and Japan’s Mitsubishi Corporation will form a joint venture for food manufacturing and distribution, according to a press release. The new joint venture, called Lluvia Limited, aims to invest US$200 million over the next three years in new and existing businesses in Myanmar’s food value chain, and eventually compete […]

Rents Hardly ‘Convenient’ for Rangoon’s Corner Stores

Rangoon’s skyrocketing property prices are putting the squeeze on a young convenience store sector that depends on already-thin profit margins as domestic operators try to establish a footing before the expected entrance of more foreign competition. In Rangoon, domestic convenience stores began popping up just two years ago, with City Mart Holdings, Myanmar Indo Best […]