Krispy Kreme enters Yangon, heating up competition

For generations, Krispy Kreme has been serving doughnuts and coffee in America. Now the chain has decided to enter Myanmar, setting up its first store in Yangon on September 16. The North Carolina-headquartered firm with roots in the United States has been in operation since 1937. U Thu Rein Lin, Krispy Kreme Myanmar CEO, highlighted […]

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 […]

Far from a ‘debt trap’, China’s belt and road allows countries like Myanmar to leapfrog poverty

Andre Wheeler says Western critics overlook the holistic and long-term benefits that China’s multilateral infrastructure investment programme brings to countries like Myanmar. What’s more, they aren’t offering any alternatives A plethora of articles have discussed the risks associated with China’s Belt and Road Initiative. The discussion is often portrayed within a “winners versus losers” framework, […]

Myanmar VP calls for more efforts to attract intra-ASEAN travelers

YANGON, June 13 (Xinhua) — Myanmar Second Vice President U Henry Van Thio called for more efforts to attract intra-ASEAN travelers to the country, Myanmar News Agency reported Wednesday. Addressing the opening of the the Myanmar Tourism Conference in Nay Pyi Taw Tuesday, U Henry Van Thio urged for targeting Eastern countries of China, Japan, […]

North Korean Restaurant in Yangon Ordered to Close its Doors

The government ordered a restaurant belonging to the North Korean Embassy in Yangon be shut down recently following a request from the US for Myanmar to respect a United Nations Security Council (UNSC) resolution on sanctions against North Korea. Aryani Manring, who is assistant public affairs spokesperson for the US Embassy, told The Irrawaddy that […]

With its economy opening, Myanmar scoping seafood opportunities

The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]

After winter gas crunch, China pumps for underground storage

CHONGQING, China (Reuters) – On one of the many mountains in southwest China’s sprawling region of Chongqing, a dozen wells in an exhausted gas field are this week starting to take in fresh fuel piped in from Central Asia’s Turkmenistan, thousands of miles away. For the next six months, state energy giant PetroChina, operator of […]

Can family businesses be transparent?

I agree that family businesses are the bedrock of the global economy,” says a friend who works in a multinational corporation. “Our company started as a family business in the United States a century ago.” “But the problem with many family businesses in Asia is they are veiled in secrecy,” she adds. “They are so […]

Harley-Davidson Opens Showroom in Mandalay

MANDALAY — The American motorcycle manufacturer Harley-Davidson opened its first authorized showroom and service center in Myanmar on Saturday in Mandalay. Mandalay has drawn the attention of motorcycle dealers, with numerous motorcycle clubs and riders. “With Myanmar’s recent economic development and a large community of riders in Mandalay, it was a logical place for us […]

Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports

Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]