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, […]

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 […]

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 […]

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, […]

Second phase launched for Golden City project

The project is set to include several 33-storey towers that will house residences, office space and a hotel on 8.4 acres. Phase 1 consists of four towers and is due for a September 2016 completion, while Phase 2 is to be finished in December 2017. Phase 2 is to include five total structures at a […]

ANA to acquire 49pc of Asian Wings

Japan’s All Nippon Airways (ANA) has announced it will acquire a 49 percent stake in a Myanmar airline, the latest foray into the rapidly-opening and potentially lucrative Southeast Asian market. Foreign firms have piled into Myanmar since the installation of a nominally civilian government in 2011, eager to make the most of opportunities in a […]