Singaporean investment starts rice production for international export

Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from Myanmar to the global market, and especially to Europe. The rice production and export facility is completely automated to process 75,000 tonnes of paddy annually – producing high-quality parboiled, brown and white rice. Agrastar aims […]

Myanmar sees gains in rice, corn production

Rice and corn production in Myanmar is expected to increase in the 2016-17 marketing year, while production of wheat is forecast to fall, according to an April 20 report from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). Rice production in 2016-17 is forecast at 12.2 million tonnes, up from 12.16 […]

Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Myanmar’s reformist business tycoon leading economic evolution

Zaw Zaw, the chief of Max Myanmar group, a major conglomerate in Myanmar, has become the poster boy for the country’s uphill battle to outgrow its past and build a democratic society and a fully modernized economy. About half a year since the U.S. lifted economic sanctions against the Southeast Asian nation, which was under […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

First Private Bank Cleared for Listing

​​ First Private Bank will become the fourth firm to list on the Yangon Stock Exchange this month. The lender, which claims the oldest banking licence in Myanmar, has published its finances, expansion plans and fears ahead of the listing – offering a window into the challenges facing the country’s smaller banks at the start […]

Three Mandalay Projects Delayed Pending Review

Three Mandalay Region development projects approved under the previous government are being reconsidered under the National League for Democracy administration. The projects are temporarily stalled while experts study potential negative impacts on the local environment and the public, officials have noted. Organising committees have been formed to analyse all three projects, said regional Minister for Electricity, Energy […]

The Root Cause of Unprecedented River Rise

The monsoon had not fully reached its peak yet, but most parts of the country, which lie along the paths of the major rivers, namely: the Ayeyarwady, Chindwin, Dotehtawady, Ngawun, Sittaung and Bago rivers are being seriously inundated. The most noteworthy is the news of the level of the Ayeyardy River at Nyaung Oo, which […]