Fast-Growing Coffee Sector Looks for Extra Shot of Support From Government

YANGON— Myanmar’s coffee market is growing robustly, with the country’s beans attracting increasing interest in international markets as well as locally, industry sources said. U Min Hlaing, secretary of the Myanmar Coffee Association, said demand for Myanmar coffee has surged in the past few years and it is now being exported to more than a […]

Starbucks to Open First Myanmar Location

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

China freezes bank accounts of Myanmar companies

Three banks in Yunnan Province, China froze the bank accounts of over 100 Myanmar companies engaged in border trade last week over possible links to illegal internet gambling and smuggling, prompting swift action from the Union Minister for Commerce to try and reopen the accounts, according to officials in China and Myanmar. The frozen accounts […]

Myanmar signs MoU with South Korea for a 500-megawatt power plant

Myanmar has signed a memorandum of understanding (MoU) with South Korea to build a 500-megawatt power plant which will use natural gas and garbage to generate power. The signing ceremony was held between Myanmar’s Hexa International Company and Korea Western Power jointly with Korea Electrical Manufacturers Association on September 3 at Sedona Hotel in Yangon. […]