Emerging markets hold hope for smartphone shipment growth

Global smartphone shipments continued to weaken in the first quarter (Q1) of 2018, according to analysts. Canalys says shipments were down 3.4%, continuing the trend from a decline of 3% in Q4 2017. Worldwide sales of smartphones recorded their first decline since 2004, in Q4 of 2017, says Gartner. Global sales of smartphones to end-users […]

As Myanmar eats more meat, Sumitomo to sell drugs for livestock

Trader aims for $1 billion in sales of pharmaceuticals for animals TOKYO — Japanese trading house Sumitomo Corp. is set to start selling drugs for animals in Myanmar later in March as part of an effort to enlarge its presence in what it expects to be a lucrative global market for drugs for livestock and […]

Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

In Yangon, one Kachin entrepreneur pursues global dreams

It has been ten years since Ko Zin Myo Htik, owner of Myanmar Gasket (MG), left his hometown in Moe Kaung city, Kachin State, for Yangon, where he is now pursuing his dream of building a Myanmar gasket factory supplying international-quality gaskets to the global market. A gasket is a mechanical seal which fills the […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Where Will Myanmar’s Energy Come From?

Myanmar’s high growth in electricity demand — rising by around 13 percent annually — is a challenge for the government. Demand is estimated to reach 4,500 MW by 2020 and 13,410 MW in 2030. Currently there is no plan to meet this high demand. High-level policy shifts and unclear policies within the cabinet and ministries […]

US to lend expertise in shrimp breeding techniques to local producers

Myanmar will collaborate with the U.S. to boost white shrimp production, aiming to penetrate the global market, Dr Sein Maung from the Myanmar Shrimp Association. The U.S. will share not only breeding techniques but systems covering biosecurity, pond management and hygiene as well as conservation of the natural environment, said Dr Jim Wybam, chairman of […]

Coffee growers in Ywangan (Shan State) achieve designation protecting its name

Ywangan, the township in Shan State that has become known for its quality coffee, has achieved a Geographical Indication (GI), the same designation that protects the Champagne region in France from copycats. Companies that want to produce and sell coffee products under the name of Ywangan coffee will now be charged a fee, following Ywangan […]

US dollar exchange rate hits the highest at Ks 1,323

The exchange rate stood at its highest point of Ks1,323 per US dollar on 19th November, according to the black market of foreign exchange , after reaching a 14-year record high on 18th November on global market. The dollar price has been on the rise for 10 consecutive days at the local foreign exchange market, […]

Myanmar’s dried tea leaves to go to Germany

GERMANY pledged to purchase almost all the good-quality dried tea leaves produced from Shan State before Christmas, according to a spokesperson of the Ministry of Industry. The demand from the western European countries will help grow the presence of Myanmar’s products in the international market, exporters say. Producing quality dried tea leaves is a top […]