New aquaculture economy emerged on rising fish demand

Domestic demand for farmed fish in Myanmar has risen substantially over the past 10 years, with many small-scale fish farms emerging across the Ayeyarwady region. That’s led to a budding economy of aquaculture-related businesses along the value chain as well as more innovative uses of new farming methods and technology. Between 2004 and 2014, fish […]

World-Class Aquarium to Open in Kandawgyi in April 2018

An aquarium of international standard is set to open in Kandawgyi in Yangon next April, according to U Phyo Min Thein, chief minister of Yangon Region. “Arrangements are being made to open an aquarium of international standard at Kandawgyi in April 2018,” he said. Fish breeding, prawn breeding and fish-keeping will be taught at a […]

Yangon-Dalla bridge construction gets underway

The Yangon-Dalla river bridge project will be started in January 2018 and currently ground clearing work is underway, a Dalla constituency legislator of Yangon Region Assembly said. The bridge will connect Hponegyi Road on the Yangon side with the Bominyaung Road on the Dalla side. Yangon Region Legislative Assembly Dalla Constituency 2 legislator Tun Yin […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]

Bus Drivers, Conductors Protest Loss of Jobs at YBS

Nearly 200 bus conductors and bus drivers marched in Shwe Pyi Thar township on Thursday to protest against a plan to eliminate conductors’ jobs by the Yangon Bus Service. The Yangon Region Transport Authority had ruled that all YBS buses must install cash boxes by July 20 to replace fare collections by bus conductors starting […]

Myanmar and Japan Cooperate to Produce Quality Rice Amid Shortage

Myanmar and Japan will cooperate to produce quality rice seeds under a local project, Deputy Permanent Secretary of Ministry of Agriculture, Livestock and Irrigation U Myo Tint Tun, said. The project, which will take 5 years from September 2017 to February 2023, comes amid a shortage of quality rice seeds in Myanmar. The country has […]

Tender for Reconstruction of Flood-Affected Schools. Closing Date 9 Aug 2017

Subscribe to our tender alert mailing list The Government of Japan and the Government of the Republic of the Union of Myanmar signed the Exchange of Notes dated February 17th, 2016, concerning the Japanese grant assistance for the Project for the Reconstruction of Flood-Affected Schools. Japan International Cooperation System (JICS) is acting as the procurement […]

Only high-tech firms for hydro, coal power

Only companies and countries with access to the latest technologies and technologies which minimise environmental impact will be considered to take part in hydro and coal power projects in Myanmar, a senior official from the Ministry of Electricity and Energy told The Myanmar Times. “For electricity generation sources, we are planning to consider only the […]

MIC Green-Lights Nga Yoke Kaung Offshore Supply Base

A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission (MIC), Myint & Associates Offshore Supply Base (M&AOSB) said. M&AOSB is a subsidiary of Myint […]

Myanmar has 3 Years of Strong Growth Ahead, Says World Bank

​​ Myanmar’s economy will recover from a 2016 slump to expand at over 7 percent for next three years, according to a new World Bank review. But the path is still replete with risks, and many of the imbalances that plague the economy are getting worse. Like the IMF, which lowered its estimate in October, […]