Daibochi’s Myanmar ops lift 1Q net profit by 12%

KUALA LUMPUR (May 14): Daibochi Plastic and Packaging Industry Bhd said its new consumer packaging plant in Yangon, Maynmar, which commenced operation last July, helped lift its latest quarterly net profit by 12.3% to RM6.48 million, from RM5.77 million a year ago. This resulted in higher earnings per share for the quarter ended March 31, […]

Myanmar Timber Enterprise targets higher sales, commercial restructuring

State-owned Myanmar Timber Enterprise (MTE) is targeting sales of 5,000 tonnes of teak and 100,000 tonnes of hard wood during the six-month period between April and October this year. The sales are expected to generate K63 billion in revenues, MTE deputy general manager U Khin Maung Kyi told The Myanmar Times. Sales will be conducted […]