Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Myanmar to Become Member of APN, Upgrade Card-Based Services

​​ Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU). MPU has already met with officials from APN, and is waiting for the membership announcement to be made, […]

State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

National Instrument: Kick-Starts Myanmar Operations with Academia

Matej Krajnc, NI’s managing director for Asean and ANZ, at an exclusive interview in Yangon with Myanmar Eleven. NATIONAL INSTRUMENTS (NI), a global provider of platform-based engineering systems, is intensifying its activities in Myanmar with the creation of new platforms for teaching and research for the academic segment. MatejKrajnc, NI’s managing director for Asean, Australia […]

The role of AustCham Myanmar in the Myanmar economy

Australia is proving an important and growing trading and investment partner for Myanmar. The bilateral trade between Australia and Myanmar reached US$144 million in 2016, according to Myanmar’s Ministry of Commerce. Ms. Jodi Weedon is CEO of the AustCham Myanmar (Australia-Myanmar Chamber of Commerce), which was set up in March 2013. In a recent interview […]

Better legislation to attract Austbusinesses to enter Myanmar

Though Myanmar has yet to receive investment from Australia in fiscal year 201718, the nation’s improved business regulations should arouse Australian investors’ interest, according to a diplomat. Nick Cumpston, economic counsellor at the Australian Embassy, said in an exclusive interview that the Union Parliament’s recent passage of the new Myanmar Companies Law could spur Australian […]

Yangon’s New Water Bus Lets Commuters Sail Around Gridlock

YANGON — Residents of Yangon who are fed up with increasingly heavy road traffic can now take to the city’s iconic river for a more comfortable commute. A recently launched water bus system is expected to reduce the city’s congestion, though tourists appear to be the main beneficiaries so far. Since ancient times, the Yangon […]

Myanmar tackles food safety in bid to boost agricultural exports

MYANMAR plans to improve food safety in a bid to boost agricultural exports and extract more value from a sector that accounts for 38 per cent of the country’s gross domestic product. Ye Tint Tun, director general of the Department of Agriculture, said exports of agricultural products made up 23 per cent of Myanmar’s export […]

Myanmar’s Garment Industry is on a Growth Path

Myanmar is starting to get more attention and investment in the garment manufacturing sector, despite some persistent political and labor strife. Myanmar SUMEC Win Win Garments Co., a unit of SUMEC Textile and Light Industry Co., has opened a new factory in Shwe Pyi Thar Industrial Zone in Yangon, according to Asian press reports. Speaking […]

Myanmar’s urban hub thrives on ‘repat power’

Hnin Yee Htun’s decision to return to Myanmar in 2015 was impulsive, but she has come to see it as propitious. Hnin was born in 1988, two days before a nationwide uprising plunged the country, then known as Burma, into anarchy and thrust Aung San Suu Kyi into the political spotlight. Hnin fled with her […]