Myanmar coffee market to expand through Singapore

Myanmar will expand its local highland coffee exports through Singapore in a bid to reach new markets, according to the Myanmar Coffee Association. “During the COVID-19 outbreak, local demand for coffee declined and some traders are trying to expand the market by selling overseas. We are connecting with new markets in the region through Singapore,” […]

India proposes oil refinery to expand presence in Myanmar energy

India wants to build a US$6 billion oil refinery in Thanlyin, Yangon, to rival China’s investments in Myanmar’s energy sector, according to India’s Foreign Secretary Harsh Shringla and Indian Army Chief MM Naravane during their joint visit to Myanmar this week, Indian media have reported. Myanmar has yet to confirm or announce the proposal. Under […]

Steel companies in Thilawa SEZ expand production

Two steel manufacturing companies in the Thilawa Special Economic Zone near Yangon are ramping up production and set to expand their markets and products. JFE Meranti Myanmar Co Ltd (JMM) announced last week that it is set to introduce its first locally produced coated-steel products under the brand ALZU this December. JMM says the products […]

Myanmar calls for S. Korea’s increased investments

BUSAN, Dec. 11 (Yonhap) — Myanmar’s president asked South Korea Thursday to expand its investment in a country that has undertaken a wave of reforms after decades of military rule. President Thein Sein made the request during a meeting with South Korean President Park Geun-hye on the sidelines of a special summit between South Korea […]

Norway hopes to expand business ties and economic cooperation with Myanmar

YANGON, Visiting Norwegian King Harald V said on Tuesday that Norway hopes to expand business ties and economic cooperation with Myanmar. Addressing at the Yangon University, the king said Norway has long been engaged in Myanmar’s development and has established long-term development cooperation with the country. He also said Norway stands ready to support Myanmar […]

UOB oversees Asian business expansion in Myanmar

The Singapore-based United Overseas Bank (UOB) has served as a business consultant to more than 50 clients since its establishment in Myanmar last year, according to the bank. Seven out of ten business groups in Asia are planning to expand their business into Myanmar in the coming year, according to a survey of the UOB. […]

Western Union expands business in Myanmar

The Western Union, a financial services and communications company, has expanded its remittance business in Myanmar under the cooperation with nine local banks, the company said. The announcement coincided with the ceremony to mark the company’s one-year anniversary, held yesterday at the Park Royal Hotel and attended by officials from Central Bank of Myanmar and […]