Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

ADB moves in Myanmar as trade finance hopes grow

Hopes of opening the Myanmar trade finance sector are growing, after the Asian Development Bank (ADB) issued its first guarantee in the country. As part of its Trade Finance Programme (TFP), the ADB guaranteed a letter of credit issued by Banca Popolare di Sondrio of Italy to local lender United Amara Bank (UAB), one of […]

80 tonnes of Myanmar coffee to ship to America and China (Taipei) this year

About 80 tonnes of Myanmar’s coffee is planned to be exported to the US and China (Taipei) this year, according to the Myanmar Coffee Association. In 2016, about 40 tonnes of Arabica produced from Ywangan were exported to these markets. The export volume is is being boosted this year, said U Win Aung Kyaw, the […]

Arabica coffee export to America to quintuple in 2016

  The export of Arabica coffee to America will increase by five times in 2016, it is learnt from Winrock International. Arabica coffee is produced in Ywangan Township, Shan State. Winrock, a U.S. based non-profit organization that aids development around the world, helped Myanmar’s quality Arabica coffee to penetrate international market. Forty tonnes of quality […]

Two sites for manufacturing rattan and bamboo products planned for next year

Finished rattan and bamboo products will be made in two places next year, said U Kyaw Thu, the chairman of the Myanmar Rattan and Bamboo Entrepreneurs Association. The finished products will be exported to Europe, America, South Korea and Japan. It is slated to carry out the boost in the production of rattan and bamboo […]

Vietnamese Telecom Viettel to Invest $2bn in Myanmar Over Five Years

VIETTEL, Viet Nam’s largest mobile network operator, is expected to make US$2 billion investment in Myanmar’s telecom sector within five years, with plans to launch its service business next year, it is learnt. The Vietnamese group operates in ten countries in Asia, Africa and America, and will provide its telecommunications services for Myanmar people in […]

Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]

Over 40 tonnes of coffee to be exported to Taipei and South Korea

Over 40 tonnes of coffee produced from Ywar Ngan Township are to be exported to Taipei and South Korea, according to the Ywar Ngan Coffee Association. The coffee received 87 out of 100 marks for it’s quality, color, fragrance and taste. “Currently, 18 tonnes has been exported to Taipei. Samples of coffee have been already […]

CMP garment industry eyes US, Canadian and Russian markets

Myanmar garment factories with Cutting-Making and Packing (CMP) systems plan to expand their markets to America, Canada and Russia, said an official from Myanmar Garments Entrepreneurs’ Association. Myanmar’s main markets currently are Japan, South Korea and the EU Myanmar is making a concerted effort to boost its export products focusing mainly on its garment and […]

Myanmar coffee set for sale in America

MYANMAR Special Arabica coffee cultivated in townships of Shan State and Pyin-Oo-Lwin in Mandalay Region will be first exported to America, according to the Myanmar Coffee Association (MCA). In April, a container load of coffee was exported to Switzerland, allowing the exporters to earn US$ 3,800-4,000 per tonne. Winrock International helped Myanmar coffee to meet […]