IFC partners with Myanmar Rice Federation to boost growth in rice industry

ASIA - The International Finance Corporation (IFC), a member of the World Bank Group and Myanmar Rice Federation (MRF) have signed a memorandum of understanding to support sustainable growth of Myanmar’s rice industry. The partnership made by a collaboration with Australia, United Kingdom and Japan aims to accelerate changes in the industry through development, improvement,…

Nestle Myanmar imports to reduce by 50% once new factory opens

MYANMAR - Imports of Nestle products to Myanmar would be reduced to 50% next year when the firm’s recently opened factory in Dagon Seikkan Township of Yangon reaches full production. Hayri Devrim Cobek, managing director of Nestle Myanmar, said all the Nestle products in Myanmar have been from other Asian countries until this year, but…