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Kargo is disrupting logistics in Myanmar, one of the world’s most challenging countries

Kargo, a company that takes the spirit of Uber and brings it to the disorganized world of trucking, has raised a US$800,000 round of funding, giving TechCrunch an excuse to delve into the world of startup development in Myanmar, one of the world’s most curious countries. Ostracized from the world until its first free general […]

Extortion and abuse: Myanmar workers arrive debt-laden in Thailand

A “mafia” of recruitment agents is trapping Myanmar migrants to Thailand in debt bondage despite a 2017 law meant to fight exploitation in the kingdom’s notoriously shadowy job market, activists and workers say. Migrant labour — much of it from Myanmar — has propped up Thailand’s economy for years, with foreigners working everywhere from factories […]

Food2U raises six-digit investment

Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reported quoting sources familiar with the development. Premium Distribution is known to be backed by City Mart Holdings, Myanmar’s icon in the retail industry. It imports and distributes products including brands […]

Nestle Myanmar expects fourfold growth by 2020

Swiss food and beverage giant Nestle operates in 190 countries producing more than 2,000 products with 330,000 employees from 450 factories. The brand has been recognized in Myanmar for more than 100 years. At the late of 2013, the company erected its next milestone stepping into Myanmar and Nestle Myanmar Limited was founded. Up until […]

Nestle Myanmar to Locally Produce Half of its Products

Imports of Nestle products to Myanmar would be reduced to 50 per cent next year when the firm’s recently opened factory in Dagon Seikkan Township of Yangon reaches full production. Hayri Devrim Cobek, managing director of Nestle Myanmar, said all the Nestle products in Myanmar have been from other Asean countries until this year, but […]

This familiar household brand is challenging Super Group’s supremacy in Myanmar

The firm owns 50% market share in the country. The retail firm has a firm grip on the Southeast Asian country’s market, primarily due to traditional trade channels and its ability to sell even in rural villages. However, according to a report by RHB Research, modern trade channels have led to a shake-up in the […]

Water reveals two sides of Myanmar’s economic boom

[YANGON] Every morning on his way to work in Yangon, builder Zaw Min Tun takes a swig of water at a Buddhist temple, a vital place to quench a thirst for the many ordinary citizens left behind by Myanmar’s economic boom. Bottled water is among the plethora of consumer industries set to take off as […]

Capital Diamond Star Group & Mitsubishi in $200m tie-up

Local conglomerate Capital Diamond Star Group and Japan’s Mitsubishi Corporation will form a joint venture for food manufacturing and distribution, according to a press release. The new joint venture, called Lluvia Limited, aims to invest US$200 million over the next three years in new and existing businesses in Myanmar’s food value chain, and eventually compete […]

Nestlé products to be made in Myanmar

Nestle will partner with Myanmar Distribution Group (MDG) to distribute its made-in-Myanmar products by the end of 2016, according to company officials. The Swiss giant plans to start working on its factory in Dagon Seikkan Industrial Zone within two months, pending approval of the venture by the Myanmar Investment Commission, said U Aung Maw Thein, […]

Swiss giant Nestlé moves into food and beverage production

Swiss food manufacturer Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms. A statement from the President’s Office issued on September 8 said that the investment […]