China-India rivalry warms up in South Asia

For all the bilateral co-operation and warmth within the BRICS and other institutions, the intense China versus India rivalry remains as competitive as ever in South Asia. Being the stronger and more developed country, China generally takes the initiative in the race for regional supremacy and sets the pace. Its latest move, an offer for […]

Deepwater Myanmar could create long-term growth

Deepwater E&P activity offshore Myanmar might pick up, argues Clarksons Research, which could create opportunities for vessel owners, despite a cabotage market in the country. Clarksons said that recent deepwater gas discoveries offshore Myanmar have bolstered the confidence of oil companies sufficiently for them to start planning deepwater drilling campaigns, in spite of weaker energy […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

Japan’s ENEOS motor oil and lubricant gains market share

ENEOS, which dominates at least half the market in Japan, is distributed in lower Myamnar by conglomerate Myanma Golden Star’s (MGS) subsidiary MGS Lubricant under an agreement with JXTG Nippon Oil & Energy Corporation, one of Japan’s largest oil and gas companies. MGS chair U Thein Tun said the company will strive to widen the […]

Traders wish for negotiations with Chinese for blocked bank accounts

Traders want the State to enter into negotiations with the Chinese government over 1,000 bank accounts of Myanmar merchants which are frozen by Chinese banks, merchants said. The Chinese government blocked the bank accounts which are used in transactions in the course of taking actions against illegal importers from Myanmar and Viet Nam. The bank […]

Tata Steel explores Myanmar, Bangladesh market

Boosted with success of its solution business in the retail segment in the domestic market, steel major Tata SteelBSE 1.12 % is now exploring possibility of entering overseas markets like Bangladesh and Myanmar with retail branded steel solution products. “We have a great success in developing brands and distribution network in B2C markets in India. […]

Domestic market needs to manufacture products made from water hyacinth

With a lack of techniques for transforming water hyacinth into value-added products and a small number of makers, the moribund business of water hyacinth products requires improvements to formulate a healthy domestic market, according to the Myanmar Forest Products Merchants Federation (MFPMF). There is already an export market for high-end products made from water hyacinths, […]

Rubber market sales stable despite high price

The export market of rubber is stable in spite of the current high price, which resulted from the rise in the global rubber price, businessmen said. Over 80 per cent of rubber production in Myanmar is slated for export to China. Local rubber consumption is below 10 per cent. However, the rubber demand in the […]

Myanmar Industrial zone operations expected to double in 2017

Businesses in industrial zones are expected to double in number next year because many businessmen are eyeing the sector for investment, said U Aye Thaung, the chairperson of Shwe Lin Pan Industrial Zone. The industrial business plays a vital role in the country’s economy, which is expected to be bolstered by a flood of foreign […]

Fuel Price High in Domestic Market

THE price of fuel increased from 10 per cent to 14 per cent in the domestic market in October, according to filling stations in Yangon. The retail price of diesel on 29 October was Ks650 per liter, while a liter of premium diesel went for Ks680, 92 Octane for Ks650 and 95 Octane for Ks705, […]