Newest Myanmar noodle chain has Japanese roots, local prices

TOKYO — One of Japan’s top purveyors of noodles is setting up shop in Myanmar’s biggest city this month, hoping to cater to a growing middle class hungry for cheap food. Bowls of rice noodles in broth will sell for 650 kyat (48 cents) at the Yangon restaurant operated by a local joint venture of […]

Gang syndicate links seen in Myanmar plot

Additional charges of money laundering and operating a crime syndicate have been pressed against one of the two arrested Thai suspects in a Myanmar-based investment scam, estimated to have cost more than 300 million baht in losses. Supattha Chantarangsi, 68, chairwoman of Hujjee Group Co, faced additional two charges yesterday, in addition to the one […]

Woodside delays Myanmar gas drilling as early results disappoint

Australia’s Woodside Petroleum (WPL.AX) and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total TOTF.SA, have targeted Myanmar as a key source of growth, as it is rich in gas […]

Hluttaw approves fisheries university plan

A fisheries university is being planned for the country, primarily to develop the fishery sector, which could eventually generate employment and help reduce poverty. The Agriculture, Livestock and Fisheries Ministry have submitted a proposal at the Amyotha Hluttaw, said Dr Tun Lwin, deputy permanent secretary of the ministry. The proposal hints at the opening of […]

Condominium rental market bearish despite higher demand

Even though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]

VEGA SICILIA TAPS INTO OPEN MYANMAR MARKET

Famed Spanish winery, Vega Sicilia, has set its sights on Myanmar’s wine market with a newly formed distribution agreement with Singapore-based Bordeaux Liquid Gold (BLG), following the country’s loosened grip on wine imports. This will be the first time the Spanish ‘first growth’ has officially shipped its wines to the Southeastern Asian country after years […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Digitalisation to secure rice farming

BANGKOK (The Nation/ANN) – With the rise in smartphone usage in Thailand, Bayer’s country group head Simon-Thorsten Wiebusch said the next step to improve local rice crops may come from “digitalization” . With the rise in smartphone usage in Thailand, Bayer’s country group head Simon-Thorsten Wiebusch said the next step to improve local rice crops […]

Thailand: Myanmar workers fight defamation charges in chicken farm case

A group of migrant workers from Myanmar have pledged to fight a landmark case after they were charged in court Wednesday with criminal defamation for accusing a chicken farm that supplies the European Union of mistreatment and labour abuses. The case was triggered by a complaint the 14 workers filed to Thailand’s National Human Rights […]

Products sold under Mae Fah Luang project at Tachileik border town fetch millions

Local vendors of fruit, vegetables and other crops at the Tachileik border town have received more than THB1 million in sales to buyers across the border in Thailand this year so far, U Kham Aung, director for Myanmar Programmes under the Mae Fah Luang project told The Myanmar Times this month. Home-grown products like coffee, […]