State capital and major city in Chin State embrace industrial zones

Industrial zones will be built in two major cities in Chin State – Hakha and Paletwa, and local and foreign investment will be welcome, according to a state minister. U Salai I Thakin, Chin state minister for electricity, industry and road transportation, told The Myanmar Times that surveys are being conducted in the cities to […]

Officials Consider New Trade Zone on Indian Border

U Aung Htoo, deputy minister for commerce, told a parliamentary ses­sion in Nay Pyi Taw last week that Myanmar had held consultations with India on border trade. Myanmar’s western neighbour is among its most important trading partners, especially for agricultural goods. It is the largest buyer of beans and pulses from Myan­mar’s farms. But the […]

Chin State SMEs to Be Eligible For K8.5 bn Worth of JICA Loans

Chin State’s small and medium busi­nesses (SMEs) will be eligible for up to K8.4 billion worth of small loans which the govern­ment plans to make avail­able later this financial year, a union minister has said. The funds are the re­mainder of a K50 billion Japanese loan granted to the government for the development of local […]

Myanmar Coffee Exports to Stimulate Agro Sector

The government has placed emphasis on the diversification of crops which have wide international markets access, in addition to paddy, and it hopes to increase coffee production. Union Minister for Agriculture, Livestock and Irrigation, Dr Aung Thu, said he hopes to increase the coffee acreage to 200,000 and exports to 60,000 tons by 2030. “During […]

Ministry to Set Up Industrial Zone in Paletwa

The Ministry of Industry has decided to set up an industrial zone in Paletwa township, Chin State, according to Union Industry Minister U Khin Maung Cho on May 25. That industrial zone is aimed for the development of value-added small and medium-sized enterprises (SMEs). Those SMEs include Chin traditional loom business, coffee industry and ginger […]

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 […]

Excitement Brewing for Coffee Producer

Some people may joke that their life is nothing without coffee. But for Daw Shwe Wah Soe – this is not that far from the truth. Daw Shwe Wah Soe graduated from university with an agricultural major in 1985. At the time, she knew very little about how coffee went from bean to beverage. “I […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

India set to hand Sittwe port back to Myanmar

INDIA WILL hand control of Sittwe port back to Myanmar’s Rakhine State government in the second week of March, India’s ambassador to Myanmar Vikram Misri said. The port, which links the two countries, was built by India for ships with displacement of up to 20,000 tonnes to dock. Ships with displacement between 3,000 and 4,000 […]

Construction to Start on 11 New Hotels in Chin State This Year

​​ Entrepreneurs in Chin state, one of the country’s remotest and least developed areas, will build eleven new hotels from April as local authorities look to draw some of the millions of tourists heading to Myanmar each year away from well-trodden destinations. The mountainous state is not served by commercial airlines and busses from Yangon […]