Myanmar to export 100 tonnes coffee to East Asia

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

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

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

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 […]

SMEs voice frustration over confusing government policies as challenges mount

Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]

Coffee Culture Grows in Rangoon

RANGOON — It is 2:30 a.m. and I am on my way home after a night out with friends when I find myself watching the teashop boys on my street set up tables with their half-open eyes. The teashop’s soft light is bright enough to see one man baking naan. An older man who prides […]

Coffee Not caffeine, Say Industry Experts

Look out Colombia. And stand back, Brazil: Myanmar coffee is coming. Though coffee has been grown in this country for 100 years, production volumes were low and the quality was hidden under a bushel. But now international aficionados are starting to take Myanmar seriously as a producer of first-class joe. Marcelo A Pereira Magnere, a […]

Myanmar’s coffee growers bank on specialty niche

MANDALAY, Myanmar — When Tin Win Win opened Fuji Coffee House and Restaurant in Yangon in 1996, she had to make special trips abroad to source quality coffee beans. “She used to hand carry back Brazilian and African beans and process them with a mini-roaster,” recalled her son, Thu Zaw, who now heads the family’s […]

Local, fair-trade coffee in Yangon? That’s Genius

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. […]