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Rakhine investment fair can pave way for JVs with foreign investors

The Rakhine State Investment Fair will be held at Ngapali beach in Thandwe, Rakhine Sate for three days from 21 to 23 February. The fair is aimed at generating individual job opportunities, increasing per capita income, regional development and improving the living standard. The following is the interview with Dr Htoo Min Thein, the secretary […]

Yangon-Pathein-Yangon flight inaugurated

A new Yangon-Pathein-Yangon flight began its maiden trip from Yangon to Pathein in Ayeyawady Region yesterday, state media reported. The aircraft landed in Pathein Airport in the evening where its passengers and crew were welcomed by Ayeyawady Region Chief Minister U Hla Moe Aung, the regional Hluttaw Speaker, regional ministers and department officials. The Chief […]

Opposition MP questions govt approval to implement $5bn LNG power plant projects

An MP of the opposition Union Solidarity and Development Party (USDP) has questioned the government’s approval to implement four LNG (liquefied natural gas) power plant projects worth over US$5 billion without inviting a tender. MP Maung Myint asked the question about any transparency in the project procedures during a regular session of the Lower House […]

PETRONAS to begin drilling development wells in Taninthayi

MYEIK- Malaysian state-owned oil company PETRONAS will be beginning drilling development wells in M-12, M-13 and M-14 in the north-west sea from Myeik Township, Taninthayi Region, in October, November and December. The company yesterday held a meeting with the public in Myeik Township before carrying out the Environmental Impact Assessment (EIA) concerning the exploration activities. […]

Large LNG power plant in Ayeyawady region likely by 2020

Myaungmya – Ayeyawady region will get a large liquefied natural gas (LNG) power plant by 2020, able to supply electricity to the region and beyond. The Supreme Company will build a 1,390 megawatt power plant in the area, the largest ever constructed in Ayeyawady region. The project’s first phase is expected to be finished within […]

Rakhine’s Municipal Minister Under Fire

The Rakhine Parliament has decided that Rakhine State’s minister of municipality Min Aung should cease and desist from his administrative duties. On January 2, MPs voted 37 for and 8 against on the decision to bring the accusation against the minister forward to higher echelons of the central government, namely President Htin Kyaw. Min Aung, […]

Yangon Needs More Gas from PTTEPI’s Gas Field

Kyaw Kyaw Hlaing from Electricity and Energy sector development committee has informed Vice President Myint Swe that Yangon region will need 80 million cubic feet of natural gas from the Aung Thinkha gas field explored by PTTEP International Limited in the coming two years. This is because gas production at Yadanar, which is Yangon’s main […]

Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh. The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union […]

Crop Insurance System Expected to Launch This Fiscal Year

A coordination meeting on the introduction of insurance services for farmers and fishers was held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on August 19. In a Facebook post, Myanmar Rice Federation (MRF) general-secretary Ye Min Aung said: “The nod given by the Myanmar Insurance Business Supervisory Board […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]