Myanmar emphasis on productivity

MANUFACTURERS in Myanmar have been told to shift their focus to productivity, following the government’s approval of the country first minimum wage last week, said industry players. Aung Thein, vice chairman of the Myanmar Industries Association (MIA) and managing director of Nibban Electronics, said in an exclusive interview that Myanmar was still competitive in comparison […]

South Korean-Myanmar Joint Venture to Start Pepsi Drinks Production

YANGON — South Korea’s Lotte Chilsung Beverage Co. Ltd and Myanmar Golden Beverage Co Ltd (MGS) announced that they will team up to produce and distribute PepsiCo drinks in Myanmar. The firms said on Thursday that they formed a joint venture, Lotte-MGS Beverage Co. Ltd, adding that the investment had been approved by the Myanmar […]

Thilawa SEZ price reductions aimed at property dealers

Plans to significantly reduce the price of land at the Thilawa Special Economic Zone are aimed as property dealers and will not harm to those already doing business. Win Aung, chairperson of the Thilawa SEZ Public Company, has announced plans to reduce land prices in the area by 30 percent to try and attract international […]