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PetroChina’s Yunnan refinery exports first diesel cargo

PetroChina’s new 260,000 barrels per day (bpd) Yunnan refinery exported its first diesel cargo on April 29, the company said on Monday via its official newspaper. The cargo was due to be carried by truck from Anning city in southern Yunnan province to the Ruili port on the China-Myanmar border, the paper said. The cargo […]

Soilbuild – a small Singapore construction firm that ventured into Myanmar 30 years after its founding

Soilbuild Construction Group took the plunge to expand overseas even though it was fully aware the move offered no guarantees of profit. Its executive director explains why. SINGAPORE: When it comes to ensuring the growth of our local companies, the most common refrain nearly all bosses of small- and medium-sized enterprises (SMEs) hear is this: […]

Vietnamese garment industry faces fierce competition from China, Myanmar

Competition in the world garment market is forecast to be stiffer, not only with China but also with countries such as Myanmar and Cambodia as they increase competitive pressures on Vietnamese products. The information was announced at a seminar on the prospect of garment exports in 2018 held in Ho Chi Minh City on November […]

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, […]