Business

Genius Coffee aims 15-fold increase in production

Aung Nay Lin Htun Co, a Myanmar firm that is well known for its premium brand, Genius Coffee, has planned to significantly increase its production from 10 tonnes of coffee last year to 150 tonnes this year.

Lay Lay Myint, the firm’s managing director, said in an exclusive interview that rising demand from local and foreign merchants had driven the substantial growth of its coffee production over the past few months.

MGS Group deepens push into property and hospitality

MYANMAR Golden Star Group of Companies (MGS Group), which is engaged in beverages, banking and microfinance, has expanded its business portfolio by prioritising hospitality and real estate.

Thein Tun, founder of MGS Group and chairman of Tun Commercial Bank, said in a recent interview that real estate is the company’s most profitable line of business, as it is now working on housing projects and building hotels and serviced apartments.

Myanmar drafts rules on river boat services

WITH plans under way for Myanmar’s first modern river boat services, the government is drawing up national standards for waterways transport to ensure a safe ride.

Zaw Myint Thein, deputy director-general of the Maritime Administration Department, said on the sidelines of the “Safety workshop on public river transport in Myanmar” that the government is working on setting proper rules and regulations to provide better public transport to Yangon residents.

Metro Cash & Carry enters Myanmar, centres Thilawa

Metro Cash & Carry, an international specialist in wholesale and food retail with a presence in 25 countries, recently entered Myanmar by kicking off construction of its warehouse in Thilawa special economic zone earlier this month.  

Tiparayat Kaewsringarm, deputy CEO of Metro Wholesale Myanmar, the company’s Myanmar subsidiary, said in an interview that the firm would not have physical outlets in the nation unlike other countries that it operates, and only operate through the warehouse in Thilawa SEZ.

Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh.

The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry on September 23.

Yangon looks to cut rice production

The Yangon regional government 

Export profits set to rise as demand soars

 

DICA processes investment proposals

The Directorate of Investment and Company Administration (DICA) says it has started

Rakhine continues to export rice to Bangladesh

KITSAPA- Although trade already suspended in Maungdaw  Border Trade Camp due to violence attacks of ARSA extremist Bengali terrorists in northern Maungdaw Township, Rakhine State, rice is being exported to Bangladesh from Sittway border trade camp.
 

China, Myanmar discuss establishment of border economic cooperation zone

 

The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while Myanmar entrepreneurs have also invested $100 million in the province, according to a press release.