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Coffee industry expands as overseas demand rises

The Myanmar coffee industry has been developing rapidly in recent years and specialty coffee beans from the country is becoming well-known globally. With higher margins available overseas, more local farmers are raising efforts to improve the quality of their crops so that they meet international standards and that has raised the entire industry to a […]

Rice trading center in Shwebo to go public

After opening its fifth outlet in Sagaing Region, Shwebo Rice Trading Center is planning to change its corporate status to public to be on par with other trading centers in Myanmar, U Phyo Thura, vice president of the company, told The Myanmar Times on July 10. This will help elevate the center’s presence in the […]

Yangon International Gems, Jewellery Fair to be held in Jan

The Second Yangon International Gems and Jewellry Fair will take place at the Lotte Hotel in Yangon from 9 to 12 January. “The Gems and Jewellry Entrepreneurs Association is looking to invite international entrepreneurs, although some American merchants and jewelers have refused to buy Myanmar’s gems and jewellry,” said U Aung Myint, the vice chairman […]

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 […]

Tiddim takes steps to farm silkworms

A two-day course on sericulture, which includes training on cultivation of mulberry, rearing silkworms, and production of silk, began yesterday at the office of the General Administration Department in Tiddim Town. The course is being conducted under the supervision of Chin State’s Directorate of Industrial Supervision and Inspection. The course has been organized with the […]

Visitor growth to Myanmar slows to 2% this year

Growth in passenger numbers in the aviation sector stalls this year, as the humanitarian crisis in northern Rakhine has “discouraged potential visitors”, according to a Singapore-based aviation industry consultancy. The report “Myanmar international aviation: overcapacity as tourism growth slows” was produced by Centre for Aviation (CAPA) last month. Visitor numbers from Western Europe fell by […]

10 Myanmar companies take part in Bangkok trade show

Ten companies from Myanmar took part in an international food and beverage trade exhibition in Thailand, connecting Myanmar with the regional industry players. Thaifex-World of Food Asia 2018, a food and beverage trade show in Bangkok, took place from May 29 to June 2. The exhibition is annual international trade exhibition for food and beverages, […]

With its economy opening, Myanmar scoping seafood opportunities

The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Amid China stand-off, BPCL plans Myanmar pipeline

State-owned Bharat Petroleum Corporation Ltd (BPCL) is in talks with neighbouring countries including Bangladesh and Myanmar and others to set up product pipelines, the senior executives of the company said on Tuesday. The focus on neighbouring countries, especially Myanmar, seems important considering the recent tension between India and China over Doklam. Also, plans of similar […]