Myanmar citizens raise investments in the country despite pandemic

Despite COVID-19, Myanmar citizens’ investments across the regions and states for fiscal 2019-20 amounted to over K1.88 trillion, which is around K200 million higher than in the previous fiscal year, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company and Administration (DICA). Approval was given to over 130 Myanmar businesses […]

Tiddim silk factory expected to produce 2 tonnes per year

A silk reeling machine installed in Tiddim silk factory and silkworm plant research farm has a production capacity of two tonnes of silk per year, Chin state Minister for Agriculture, Livestock, Forest and Mineral. The machine was purchased under the 2019-2020 regional government’s allotted fund of K300 million. Silk reeling machines are required for the […]

Hong Kong investors eye new opportunities in Myanmar

Hong Kong business and those already present in Myanmar expressed a keen interest in Myanmar’s significant investment potential including areas as diverse as energy, transport, banking and finance, retail and services during a recent webinar organized by the Myanmar-Hong Kong Chamber of Commerce and Industry. As a guest of honour delivering a keynote address, U […]

Govt drafts new recovery, reform plan for Myanmar economy

The government is drafting a new Myanmar Economic Recovery and Reform Plan (MERRP) after a recent review of the COVID – 19 Economic Relief Plan (CERP), which was rolled out on April 27, U Thaung Tun, Minister of Investment and Economic Relations, said at during webinar organised by AusCham Myanmar last week. “We know that […]

Local demand for coffee hit, but exports still stable in Myanmar

Demand for coffee produced in Myanmar has declined in fiscal 2019-20 due to COVID-19 disruptions, said U Myint Swe, director from the Ministry o Agriculture, Livestock and Irrigation. “Even though stockpiles this year were sufficient, demand has fallen due to difficulties in logistics and shipping as well as the closure of businesses locally as a […]

Govt, international funding for Myanmar agriculture approved

Myanmar has approved a K92 billion COVID-19 relief plan for the domestic food production industry, U Hla Kyaw, Deputy Minister for Agriculture, Livestock and Irrigation, said on June 26. The approved funding will enable the ministry to support people in the rural areas amid the pandemic. Under the government’s plan, nearly K15 billion will be […]

Myanmar at risk from extreme climate

According to the Global Climate Risk Index 2020, Myanmar has had the highest weather-related losses in the past two decades, alongside Puerto Rico and Haiti. It is said that Myanmar is also one of the most vulnerable countries at risk of climate crisis. The consequences of climate change can be seen around the world, with […]

ActionAid to help spur seed production in several areas

The Agriculture, Livestock and Irrigation Ministry has linked up with ActionAid Myanmar to carry out seed production and help businesses in central plain tropical zone and Ayeyarwady Deltaadapt and ensure climate change. “We will mainly carry out seed production and agricultural techniques in Ayeyarwady Delta and tropical zone by inviting experts from ActionAid and exchanging […]

ILO to lead research on market sustainability in agriculture

The International Labour Organization (ILO) and the Myanmar Women’s Coffee Alliance will jointly conduct research on the work responsibility and market sustainability of Myanmar’s agriculture sector, an ILO executive said. Daw Aung Su Yi, national coordinator of the ILO Responsible Supply Chains in Asia programme, said the research will determine whether agriculture businesses are implementing […]

Growth potential in agriculture restricted by quality, other issues

In Myanmar, agriculture contributes to a third of the country’s GDP, a quarter of its exports and creates the bulk of job opportunities. Yet, the sector’s true potential remains restricted by poor access to finance and technology, limited infrastructure, complex land tenure and quality issues as well as weak supply chains. Nevertheless, demand for products […]