Branded footwear maker plans operation in Myanmar

Taiwan-based Pou Chen Group, the world’s largest contract manufacturer of footwear by shipments, will invest US$100 million to set up a manufacturing base in Myanmar, the company’s Myanmar director said. Ou Chin-Nan said the footwear factory would manufacture internationally known brands – Adidas and Nike – for export. Located in Yangon, the new plant will […]

Pharmaceutical businesses approved for full-fledged foreign investment

Medicine production and private hospital construction can now take place using 100 per cent foreign investment, said Aung Naing Oo, the secretary of the Myanmar Investment Commission at a press conference on Tuesday. “Joint ventures are coming. Some European countries have eyes on this business. Previously, medicine production was restricted here for both the Myanmar […]

Big tobacco eyes Myanmar market

A smoky haze greets customers walking into any of Yangon’s tea shops as patrons light up hand-rolled cigarettes known locally as cheroots. Elsewhere in Myanmar’s main city, vendors sell cheap cigarettes smuggled from China to drivers stopped at traffic lights. The pavement is painted red with the spit of people chewing tobacco wrapped in betel […]