Myanmar to negotiate with China for official export of rice, maize

The Ministry of Commerce will negotiate with Chinese authorities to allow the official export of rice and maize to China through the border route and to get an annual export quota via the sea route, the ministry’s spokesperson said. Negotiations will be made with China’s Central Economic Committee through the Myanmar ambassador in Beijing to […]

Onshore production sharing deals set to be inked this month

Production sharing contracts for onshore blocks will be signed this month after a half-year delay, according to Ministry of Energy officials. Winners for 16 onshore blocks were announced in October last year, but negotiations on the production sharing contracts necessary for exploration and production to begin have been slow-going, according to an official from the […]

Joint venture to invest Ks 32 billion in stock exchange

A joint venture between Japan’s Daiwa and a local Myanmar company still to be disclosed will invest Ks 32 billion to establish a stock exchange in Myanmar. The Deputy Minister for Finance Maung Maung Thein told media on Saturday that the Myanmar company will retain 51 percent shares while Daiwa will retain the rest. “The […]