Myanmar coffee producers lag behind neighbouring countries

YANGON – Despite the fact that Myanmar has many fertile upland areas, the country is not known as a major coffee producer unlike neighbours Laos and nearby Vietnam. In recent years, local entrepreneurs have been exploring new ways to grow and market coffee domestically and abroad, with Ngwe Tun, the founder of Genuis Shan Highlands […]

Japan Competes With China for Myanmar Influence With 800 Billion Yen Aid Deal

Japanese Prime Minister Shinzo Abe and Myanmar’s de facto leader Aung San Suu Kyi. Photo: Kyodo Japan will provide aid worth 800 billion yen (US$7.73 billion) to Myanmar over five years as it competes for regional influence with the country’s biggest trading partner China. Prime Minister Shinzo Abe made the announcement at a joint news […]

AIIB Looks Forward to Promoting Infrastructure in Myanmar: President

President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun said here on Tuesday that the AIIB is looking forward to promoting infrastructure in Myanmar. A delegation from the AIIB led by Jin Liqun is visiting Myanmar. Speaking to the press in Nay Pyi Taw after meeting with Myanmar State Counselor Aung San Suu Kyi, […]

Japan to offer Myanmar ¥100bn in loans

TOKYO – Japan plans to offer ¥100 billion (US$995 million) in loans to Myanmar for infrastructure development, a Japanese government source said on Friday. It is the first such offer by Tokyo since the longtime opposition party led by Aung San Suu Kyi took office in March. Prime Minister Shinzo Abe plans to make the […]

Myanmar to ease restrictions on foreign investors

Reforms to Myanmar’s corporate law would allow foreigners to participate in the Yangon Stock Exchange. YANGON — Myanmar is determined to pass by the end of the year a series of bills designed to ease restrictions on foreign capital as the newly established civilian government steps up efforts to attract outside investment. The government had […]

New customs system scheduled for November

The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times. The Myanmar Automated Cargo Clearance System (MACCS) is being rolled out between August and October, and will make moving […]

Myanmar’s Mandalay to implement 7-year water treatment plan

YANGON, July 4 (Xinhua) — Myanmar’s second largest city of Mandalay will implement a waste water treatment plan which will start this fiscal year and take seven years to complete, official report said on Monday. The plan will be launched with a loan of 70 trillion kyats (60 million U.S. dollars) from the Asia Development […]

How ASEAN is adapting to a democratic Myanmar

Aung San Suu Kyi will land in Bangkok for the first time since her triumphant 2015 election victory on June 23. Her Thai military hosts know something about elections: They tend not to respect their outcomes. As Myanmar’s democratic icon knows well, if you want to do high-level diplomatic business in Southeast Asia then you […]

Meat demand rises in Myanmar

Meat consumption in Myanmar has grown due to an influx of tourists and investment, while a limited manufacturing base presents new opportunities for international suppliers. Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line, factors which have historically kept meat consumption levels low. Also, Myanmar consumers have tended […]

Myanmar’s leaders target ASEAN ties with first foreign trip

VIENTIANE — Myanmar President Htin Kyaw and de facto leader Aung San Suu Kyi’s choice of Laos for their first trip abroad reaffirms the new administration’s focus on building ties with the rest of Southeast Asia. Suu Kyi, acting as state counselor and foreign minister, accompanied Htin Kyaw in talks with his Laotian counterpart, Bounnhang […]