China and Myanmar to Set up Border Economic Cooperation Zone

A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and China, according to Minister for Commerce U Than […]

MIC Green-Lights Nga Yoke Kaung Offshore Supply Base

A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission (MIC), Myint & Associates Offshore Supply Base (M&AOSB) said. M&AOSB is a subsidiary of Myint […]

Thilawa to Offer Modest Plots of Lands to Entice Small Businesses

Japan and Myanmar’s have agreed to es­tablish small factory rental spaces at the Thila­wa Special Economic Zone (SEZ) in a bid to promote investment among small and medium enterprises (SMEs), according to the zone’s operator. Under a memorandum of understanding (MoU) signed by the Osaka Chamber of Commerce and Industry (OCCI) and the Union of […]

China Buys up Myanmar’s Entire Mango Export

China is buying up almost all of Myanmar’s mangoes produced this year, said U Nay Lin Maung Maung, chair of the Myanmar Fruit, Flower and Vegetable Producers and Exporters Association in the Mandalay Region. “China has bought all of our mangoes meant for export this year. And the fruit is also fetching good prices, depending […]

Fishery Workers to Be Sent to Korea

The Ministry of Labour, Immigration and Population considers sending fishery workers to South Korea. The discussions between the ministry and foreign employment agencies started since February and the basic salary will be around US$1,000 per month, according to the ministry. Application forms for the EPS-TOPIK exam had been sold from March 20 to 24 for […]

Special Lanes for ASEAN at Yangon Airport

Yangon International Airport is ready to welcome visitors from ASEAN countries with special lanes dedicated to them. Terminal 1 was opened after extension works which started last year were completed. The three ASEAN lanes in the departure lounge are positioned at the right side of the counter and four counters at the arrival gate are […]

Confusion Over Water Transport Service Implementation Arises

The government has chosen the company which will operate the water bus service on the Hlaing River and Nga Moe Yeik Creek, said Daw Nilar Kyaw, regional minister of electricity, industry and transportation, on May 22 at a regional parliamentary session. The company Tint Tint Myanmar won the tender over its competitor, Daw Nilar Kyaw […]

Prices of Used Cars Soar 70% in a Month, Putting Breaks on Demand

The price of used cars has increased by an average of 70 percent from April to May as the market responds to recent changes to the country’s auto policy, ac­cording to industry ex­perts. The price hike has seen slowing demand for once popular used cars this month as buyers are being priced out of the […]

Dairy Industry Must Increase Productivity to Be Competitive

MYANMAR’S dairy industry will remain uncompetitive if the nation fails to address low productivity of raw milk driven by poor genetics and low production technology, said Dumrong Leenanuruksa, a former vice president of Maejo University in Chiang Mai who carried out comprehensive research on the competitiveness of Greater Mekong Subregion’s dairy industry. “Poor conditions of […]

Rents ‘Surge’ as Retailers Lease Shop Space in Yangon at ‘Unprecedented’ Levels

The retail rental sector in Yangon had an impres­sive run in the first few months of this year as the amount of occupied shop space reached “unprec­edented levels” and rents grew at the fastest rate re­corded to date, real estate analysts have said. Occupancy rates hit 94.6 percent in the first three months of 2017, […]