Pastamania launches on Inya Road

Singapore’s Italian food franchise, Pastamania, has officially opened its doors in Yangon – adding more pasta to the menu of foreign food now on offer in the city. The last few years have seen an influx of international competition in Myanmar’s food and beverage industry, from the arrival of American fried chicken giant KFC to […]

Korean state firm eyes first industrial zone

State-owned Korea Land & Housing Corporation (KLHC) is collaborating with the Ministry of Construction on a new US$120 industrial complex, according to officials involved in the process. The Korea-Myanmar Economic Cooperation Industrial Complex is KLHC’s first project in Myanmar. The corporation is hoping to build the complex in the Yangon area, and is in talks […]

Foreign banks call for market access

Greater competition from international banks would encourage local lenders to move away from a small pool of high-net-worth clients to start offering products and services to those who need it most, said panellists at the Myanmar Banking and Finance Conference in Yangon yesterday. “If more foreign banks come into the market it will increase competition […]

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 […]