UOB upbeat on Myanmar outlook

United Overseas Bank (UOB) sees opportunities for Singapore companies to invest in Myanmar and ride on its rapid growth. The bank, which opened its first branch in Yangon in May, says its clients plan to invest US$300 million (S$404 million) in the country over the next 12 months. UOB expects Myanmar’s manufacturing, hospitality and infrastructure […]

Fruit jam makers face challenges to grow exports

Jam is big business in the domestic market, but exporters are having trouble selling the fruit-based delicacy abroad. Though the product is popular in Bangladesh and India, the attitude of other potential customers can best be described as sticky. The industry has no trouble shipping jam out, though there are difficulties with importers, according to […]