Australia expands its support for Myanmar’s farmers

Australia and Myanmar have developed their strategy of research collaboration in fisheries, livestock and cropping systems for the next ten years. They will continue the work started out with the program “MyFarm”, the Australian Ambassador Nicholas Coppel said during its showcase in Nay Pyi Taw on Saturday. “We know that agriculture is the engine of […]

Yangon water bus biodiesel plan to support farmers

An Australian agricultural company will give support for growing plants which can be used in biodiesel production within two years. This was the message from Tint Tint Lwin of Tint Tint Myanmar Co as he spoke at the opening ceremony of Yangon Water Bus service held on October 6. She said the biodiesel producing crops […]

Time to focus on Myanmar’s economy

Much has been said about the National League for Democracy (NLD)-led elected government’s stance on peace and security in recent weeks, with attention being drawn to the conflicts in Rakhine state and the actions of Myanmar’s de facto leader Aung San Suu Kyi. Within the country there is concern, however, over the state of the […]

ASEAN trade pact strengthens Myanmar’s ties with Australia, New Zealand

THE free trade agreement (FTA) between ASEAN, Australia and New Zealand makes Myanmar products more competitive in the two biggest markets in Australasia, according to trade commissioners from Australia and New Zealand. There is a huge potential for trade to grow in the agriculture sector, as all three countries are rich in farms and fisheries. […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

Yangon Water Bus service in the pipeline

Tint Tint Myanmar Company will begin operating the Yangon Water Bus service soon, announced company chair Tint Tint Lwin on her Facebook. “I would like to thank the regional chief minister, ministers, MPs and departmental officials for giving me necessary advice for the launch of Yangon water bus service,” she wrote. The company is ready […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Global standards issued for local coffee producers

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]