Myanmar’s fast-food industry attracts US attention as sanctions ease

US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]

Myanmar smells fast food success as KFC heads for Yangon

YANGON — There is something in the air around Myanmar’s developing restaurant industry. It smells a lot like standard fried chicken, but this time it is seasoned with a liberal dash of high-end optimism. In a significant development for the country’s nascent fast food sector, Yum! Brands of the U.S. recently announced that its KFC […]

Malaysian Firms Eye Construction Prospects in Myanmar

YANGON — With its companies doing over US$1.6 billion worth of business in Myanmar, Malaysia was ranked as the seventh-biggest source of foreign investment into the country by the end of January 2014. And with Myanmar’s government touting big plans for upgrading infrastructure such as roads and railways, as well as building more houses for […]

Marrybrown scores a first in Myanmar

Malaysia-based quick service restaurant operator Marrybrown Sdn Bhd became one of the first international company to open an outlet in Myanmar, according to Malaysian media reports. The company’s business development manager Joshua Liew told The Star that Marrybrown wanted to take advantage of the country’s open-door policy by becoming the first Malaysian quick service restaurant […]