Euromoney names KBZ Myanmar’s best bank

KANBAWZA Bank was awarded “The Best Bank in Myanmar-2016” by London-based economics magazine Euromoney, last Thursday at Island Shangri-Lan Hotel in Hong Kong, winning the award for the third year in a row. KBZ Bank was crowned Myanmar’s best bank after it managed to get the highest amount of deposit and make the highest profits […]

KATRI to assist development of Myanmar textile export sector

No 3 Heavy Industry under the Ministry of Industry will work with Korea Apparel Testing Research Institute (KATRI) to improve Myanmar’s textile sector to enter the international market, according to Dr. Eun Ho Shin, the in-charge of KATRI. The cooperation aims at promoting the textile industry a under three-year-project to effectuate the development of the […]

Germany to buy dried tea leaves from Myanmar

Myanmar will begin exporting dried tea leaves to Germany from November this year. Germany requested to begin purchasing the product in February this year according to U Kyaw Thiha, Vice Chairman of the Myanmar Tea Association. The set price of the trade is Ks15,000 (US$12) per 1.5kg. Pintaya Township, a part of the Tea Association, […]

China’s Higer dominates highway express bus routes

As competition among highway express companies increases, the focus is increasingly on quality and safety. The industry has been transformed over the past few years by the importation of more comfortable buses and a huge change in the expectations of the travelling public, bus line owners say. Six years ago the Greater Man Group started […]

Germany to import Myanmar teas

LOCAL tea producers recently joined hands with Germany- based TeeGschwendner to bring Myanmar teas to Western European markets. Mr Daniel Marck of TeeGschwendner said his company prefers Myanmar’s high-quality specialty teas because of their delicious taste. “The teas give a sparkling amber infusion and have a light, peaty taste,” he said. Local green tea manufacturers […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]

Myanmar Labour Market beyond 2015

Decades of isolation had kept the world away from Myanmar until recently. The democratisation process that began in early 2011 has resulted in a ground breaking free and fair election in November. With the new democratically-elected government expected to take reign in March, this could become a big turning point to flourish Myanmar’s labour sector. […]

Number of tourists visiting Mandalay rises by 26%

The number of tourists visiting Mandalay, the second largest city in the country, was 242,566 in 2014 and it rose to 306,432 in 2015 which is a 26% increase, the Mandalay Hotel and Tourism Department said on 9 January. Most of the tourists were from China, Thailand, France, Germany and the United States of America. […]

Myanmar on the way to hit record 4.5 million arrivals

MYANMAR’s Ministry of Hotels and Tourism is expecting tourist arrivals in 2015 to reach 4.5 million, which will surpass its previous records of 2.1 million visitors in 2013 and 3.8 million last year. From January to September this year, Yangon alone recorded 759,181 arrivals, representing a 25 per cent increase from the same period last […]

EU-Myanmar development program to support Myanmar’s return to global trade market

The European Union-Myanmar Trade Development Program was launched on Tuesday to facilitate Myanmar’ s return to the global trade market. The introduction of the three-year technical plan will help both the public and private sectors to seize new trading opportunities and generate sustainable and inclusive economic growth in Myanmar. With a budget of 10.5 million […]