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Farmers have Shirked Loan Repayments Since 2012

Farmers who owe some K200 billion to state-owned Myanmar Agriculture Development Bank (MADB) have not repaid their debts since 2012, according to bank records. Most of the farmers are from Ayeyarwaddy, Bago and Yangon. “These farmers need to pay what they owe to the bank. Currently, our situation is such that savings levels have fallen […]

Minimum Wage Fails to Keep Up With Cost of Living, Myanmar Labor Group Says

YANGON – While the current minimum wage is just 4,800 kyats (US$3.15) per day, the average cost of living per day is between 7,000 and 9,000 kyats, according to a survey by the Confederation of Trade Unions in Myanmar (CTUM). The CTUM has been conducting the survey to support adjustments to the minimum wage. The […]

Five regions chosen for child labour elimination projects

Ministry of Labour, Immigration and Population has primarily chosen Yangon, Bago, Ayeyawady, Kayin, and Mon for the elimination of child labour projects, according to the 3rd coordination meeting of the Myanmar National Committee on Child Labour Eradication. Thein Swe, Union Minister for Labour, Immigration and Population said: “The majority of regional developing countries usually use […]

Myanmar, Japan revive talks on building Hanthawaddy airport

Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]

Hantharwady International Airport back on radar

The Department of Civil Aviation (DCA) will conduct a field study on the construction of Hantharwady International Airport in Bago, according to deputy director U Zaw Min on March 21, during a meeting on crop compensation for farmers living within the vicinity of the project site. The US$1.5 billion project will be fully funded by […]

Myanmar’s organic vegetables make their way to Singapore’s NTUC Fair Price

Organic vegetables from Myanmar have made it to the shelves of Singapore-based supermarket chain NTUC Fair Price, according to the Myanmar Fruit, Flower, and Vegetable Producers and Exporters Association (MFVP). Myanmar’s vegetables began entering cold storages in Singapore in 2017 and now, their sale has been allowed in the NTUC supermarket chain. During the trial […]

Myanmar dam overflow floods 100 villages

Monsoon rains caused a central Myanmar dam to overflow early Wednesday, inundating about 100 villages and blocking the country’s biggest highway, a government official said. No casualties have been reported but thousands were displaced and took shelter in temporary camps. Swar Chaung dam’s spillway structure, which regulates the release of water from the levee, broke […]

MIC approves investment in new ILBC campuses

The International Language & Business Center (ILBC) has been permitted to invest $52 million to provide private educational services in Yangon, Mandalay, Nay Pyi Taw, according to the Myanmar Investment Commission (MIC). ILBC is planning to launch the new campuses in April next year. The organisation has already established 30 campuses in 9 major cities […]

Govt allows exports of raw timber produced in private plantations

Raw timber produced from private forest plantations can now be exported, U Zaw Min, deputy director general of the Department of Forestry, said last week. The development comes after the Ministry of Resource and Environmental Conservation in April 2014 suspended the export of raw timber produced from natural forests. There are a total 1.4 million […]

Myanma Apex Bank gives loans to almost 700 farmers this harvesting season

A pilot project which provides loans to farmers spearheaded by Myanma Apex Bank (MAB) and Myanmar Rice Federation (MRF) has supported almost 700 farmers for this harvesting season to date, according to the MRF. U Ye Min Aung, MRF secretary, said that the MAB has provided medium-term loans to farms in agriculture, livestock and fishery […]