fbpx

Japan’s cold chain logistics helps Pyin Oo Lwin farmers

Japanese cold chain logistics expertise is buoying the spirits of strawberry farmers in Myanmar, radically reducing damage from poor transportation methods and heat before produce is delivered to consumers in Yangon. Refrigerated trucks supplied by Premium Sojitz Logistics Co, a Japan-Myanmar joint venture, transport strawberries daily from Pyin Oo Lwin in Mandalay Region at temperatures […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Tapping Into Myanmar’s New Taste for Foreign Food

As their nation emerges from decades of isolation, the people of Myanmar are developing appetites for new and foreign things, especially food and drink. Imports of foods and beverages have skyrocketed since 2011, driven by rising incomes, urbanisation and the influence of foreign media. Imported condiments, such as MSG, instant cooking paste, seasoning powders and […]

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 […]

IFC Pledges US$10 Million to Agri-Business Myanma Awba

  RANGOON — The International Finance Corporation (IFC) on Tuesday pledged US$10 million to local agri-business Myanma Awba, according to the IFC website. The additional funds are intended to jump start Myanma Awba’s $25 million project aimed at setting up a new agro-chemicals formulation plant, as well as enhancing packaging and warehouse capacity, seed production, […]