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F&N returns to Myanmar market with Emerald Brewery

CONSUMER group Fraser and Neave (F&N) has commenced operations of Emerald Brewery Myanmar, marking its return to the Myanmar beer market. Emerald Brewery, a joint-venture between F&N and local partners, has established a greenfield brewery located in Hlegu Township in Yangon, to brew Chang Lager Beer. F&N previously exited the market when it sold a […]

Post-Brexit UK to keep Myanmar’s trade preferences

Boris Johnson’s government says Britain will maintain Myanmar’s access to the UK market after Brexit goes ahead, whether or not the EU decides to withdraw trade preferences because of human rights violations. “Regardless of how we exit the EU in October, the UK is committed to maintaining GSP [Generalised Scheme of Preferences] standards for Myanmar […]

Low-Grade to High-End: Waking Up the Myanmar Coffee Market

THE SOCIAL CHALLENGE Economic Development Most of the world’s commercial-grade coffee farmers are not paid enough to sustain profitable farms, prompting them to cut down coffee trees. This was the case in Myanmar, which lacked a cohesive coffee value chain to promote coffee globally or within the country, and where there was little knowledge of […]

Yangon’s market upgrades

Yangon’s new night market, which will be upgraded by a private company with K2 billion in funding, is expected to open later this year. Municipal markets, the centre of much day-to-day commercial life in both downtown Yangon and the city’s suburbs, will also be upgraded to improve cleanliness and convenience. “Upgrades to the night markets […]

Strong potential for insurance growth, but competition expected to be rife: IKBZ

The insurance industry has come under the spotlight recently with the government announcing in April that five foreign insurers would be allowed to operate wholly-owned units for life insurance in the country. Shortly after, it liberalised further by allowing six joint ventures between local and foreign insurers in both the life and non-life/general segments of […]

Yakult bets on Myanmar market for further growth

Yakult, the Japan-headquartered probiotic drinks maker, has invested in a US$47 million factory in Myanmar’s Thilawa Special Economic Zone. Yakult, which has factories in 39 countries around the world, now wants to expand into Myanmar, said Yakult Myanmar Co Ltd’s managing director Mr Hideki Kawasaki at a press conference at Yakult’s new factory in Thilawa […]

Shrinking demand to eclipse supply issues in tin market

LONDON – The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa. Tin prices on the London Metal Exchange at around $18 000 a tonne are down 15% […]

Consolidation expected in banking industry as competition heats up

The Central Bank of Myanmar (CBM) believes that allowing foreign banks into the retail-banking sector will drive consolidation in the local banking industry and make available a larger pool of funds for growth. “Inevitably, foreign banks will win market share from local banks and we see more mergers of local banks in response to a […]

FastGo – The new comer in Myanmar Ride Haling industry is now giving big promotion campaigns

The new player – FastGo from Vietnam was introduced to Myanmar at the end of 2018 together with local partner AsiaSun Group. They’re offering very difference services charge model compare to others. They said they’re now giving free of services charges for all driver from 6 to 12 months to experience their services. After the […]

Illicit export of pigs from Thailand to Myanmar rampant

The swine industry is in a difficult time, given what is happening in the region and the impact those developments caused, an industry leader said. U Zaw Myo Tun, joint secretary from Myanmar Livestock Federation said that China decided to end imports from Vietnam, due to a territory dispute at sea, and Japan stopped the […]