Ajinomoto spices up Myanmar offensive

TOKYO — Ajinomoto will bring production of seasonings long sold in Thailand to Myanmar, part of a broader push to expand operations into one of Southeast Asia’s most promising consumer markets. The Tokyo-based company aims to reach 10 billion yen ($90 million) in sales in Myanmar in several years. A production line for the Ros […]

Myanmar’s business community must tap cluster potential to compete on global scale

“There are clusters formed by firms in similar sectors. In the Mandalay Region, the Directorate of Industrial Supervision and Inspection formed industrial clusters since 2014 and there are now 111 groups in 15 industrial clusters.” “But the business community in Myanmar is not very interested in this potential,” he said. “Businessmen here prefer to work […]

Yangon Furniture Store Promotes Local Craftsmanship

There is no material preference at Sirboni Furnishings. As the company’s co-founder Ko Lin Tin Htun Ni puts it, “We use metal, bamboo, wood or rattan, based on design requirements and always considering comfort.” The products at his showroom—located in a bamboo garden in Yangon’s Insein Township—are a testament to this: wood combined with leather […]

Gold prices start year off with a bust

The continued devaluation of gold abroad has led to a 14.73 percent drop on the local markets over the past year, shop owners said. The current market price of one tical of 24 karat gold (one tical equals 0.576 ounces) now sits at K648,000 (equivalent to US$1133 an ounce), down from the K760,000 gold sold […]

Govt Denies Report of Helicopter Maker’s Yangon Factory Plans

YANGON — Myanmar’s Department of Civil Aviation says there are no plans to allow a foreign helicopter company to open manufacturing operations in Yangon, refuting a recent report by the local Yangon Times daily. On Monday, the Yangon Times reported that US-based Robinson Helicopter Company was planning to open a factory in either Thanlyin or […]