Trade deficit hit US$1.4 billion in past three months

Myanmar’s trade deficit reached US$1.4 billion in the past three months, according to the Commerce Ministry. External trade from 1 April to 30 June this was an estimated $7.7 billion. Exports were worth $3.2 billion and imports were $4.6 billion. Myanmar’s export market includes extractives including minerals, natural gas, agriculture and fisheries products. Agribusiness plays […]

Agribusiness potential for Cambodia, Mongolia and Myanmar

Double digit GDP growth rates, plenty of farm land and strategically located in Asia. This is why Cambodia, Mongolia, Myanmar are considered emerging markets with huge potential for agribusiness and feed production. Vietnam is considered as one of the fastest growing and most potential Asian countries, as far as livestock numbers and feed production is […]

$4m Hard Wood Plantation Project Approved as Foreign Investors Eye Long-Neglected Agriculture Industry

A Singapore-based agribusiness will invest $4 million in hardwood plantations in the Ayeyarwaddy re­gion, the first foreign in­vestment proposal in the agricultural sector to be approved under the NLD government. Timberland Plantation Investment received ap­proval for the project on March 2, the head of the Directorate of Investment and Company Adminis­tration (DICA) said ear­lier this […]

Japanese firm to invest in Myanmar agribusiness

Japan-based Megumi No Sato will join hands with Myanmar’s City Mart Holding Company, to produce and sell vegetables and fruits, according to a company announcement. Megumi No Sato is a popular company back in Japan and is part of the G-7 Group which specialises in selling quality vegetables from select farmers. The Myanmar Investment Commission […]