Yangon looks to cut rice production

Military-appointed First Vice President Myint Swe meets business leaders in Yangon. The Yangon regional government is holding discussions with the Ministry of Agriculture, Livestock and Irrigation about growing other crops in 1.2 million acres of paddy fields, said the region’s Chief Minister Phyo Min Thein on September 23. “We are drafting a master plan for […]

Metro Cash & Carry builds warehouse in Myanmar

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 this week. Tiparayat Kaewsringarm, deputy CEO of Metro Wholesale Myanmar, the company’s Myanmar subsidiary, said in an interview that the firm would […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

The entrance of 2 Innovative Agri-Mobile Apps in Myanmar

Agriculture is the largest sector of Myanmar’s economy – a 2015 survey by the Department of Labour found that it is the main job of more than 54% of the working population. Given that mobile phone penetration in Myanmar’s market is so high, it is now possible to transmit useful information to remote farmers. Input […]

Can Myanmar sustain growth momentum?

YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]

Yangon to invest Ks 8 billion into agricultural sector

The Yangon Region Government has earmarked about Ks8 billion to spend on development of the mechanised agricultural sector in Yangon Region as part of a revitalization effort for farmland, said Yangon Region Chief Minister U Phyo Min Thein. “As far as the industry sector is developed in Yangon Region, it is found that the agriculture […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Japan based Toyo Seikan Co to join hands with Loi Hein Company

Japan based Toyo Seikan Co., Ltd will join hands with Loi Hein Company to set up a can manufacturing factory, it is learnt. Toyo Seikan Co., Ltd has already pledged to make an investment of US$23.5million in the factory. The joint venture (JV) will be founded under the name of Yangon Can Manufacturing Co., Ltd. […]

Rice sector faces long struggle

Whatever steps the incoming government may be contemplating to spur investment, agricultural experts see little improvement in the short term for rice cultivation. Even long-term development will be a drawn-out struggle, said Myanmar Rice Federation general secretary U Ye Aung. In a recent interview with The Myanmar Times, U Ye Aung said barriers to raising […]

Building on rural sector is key for Myanmar’s economic modernization: OECD

Improving Myanmar’s agricultural sector by building up food processing activities and related services could help transform the country’s economy into a more modern one that is able to produce higher-value goods for export, a new Organization for Economic Co-operation and Development (OECD) report says. The second volume of the OECD’s Multi-dimensional Review of Myanmar reveals […]