Myanmar will export 100 tonnes of coffee to countries in East Asia starting from January 2021, said U Ngwe Tun, founder of Genius Coffee. The six containers of coffee, worth about US$ 850,000, will be exported to countries like Korea, Japan and China, which have high interest in Myanmar coffee due its organic harvesting and […]
Foreign banks allowed to set foreign currency loan interest rate
December 11, 2018 by
The Central Bank of Myanmar (CBM) said foreign banks are free to set their own interest rate as long as those loans are in foreign currencies. Foreign banks with branches in the country are now allowed to do wholesale banking services and other financial services, according to the latest Directive issued by the CBM last […]
Counting on coffee for a strong boost in growth
October 22, 2018 by
he founder of the Genius Coffee business U Ngwe Tun feels there is good potential for the company’s products in local and foreign markets. While the business is focused on growing, processing and distributing coffee beans, U Ngwe Tun is keen on injecting a dose of innovation into the company. He says he is looking […]
KoneSi looks to lift Myanmar’s logistic sector
September 25, 2018 by
RETAILERS will no longer need to bother about logistics and fleet operators or worry about empty runs in Myanmar thanks to an innovative technical solution launched earlier this year, according to Soe Pyae Aung, co-founder and chief operating officer of KoneSi Freight Co. “Logistics costs in Myanmar are among the highest in South-East Asia, accounting […]
Local, fair-trade coffee in Yangon? That’s Genius
May 14, 2015 by
Rubber, rice, fisheries, beans and pulses – the list of primary products Myanmar exports is well enough known. And then Ko Ngwe Tun thought: Why not coffee? Ko Ngwe Tun is familiar with his country’s geography. He knew where to find the right climate and the rich soil needed to grow the best coffee trees. […]
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