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Chin opens yam processing plant in first major investment

Chin State has opened its first elephant foot yam processing plant in a major investment for Myanmar’s poorest area, with plans to export to China and other parts of Asia. The US$320,000 factory is operated by Chin Hills Treasure Company (CHTC), an agricultural enterprise owned and run by farmer groups from Mindat, Matupi and Kanpetlet […]

Chinese, Norwegian investors to study projects in Chin

Chin State government officials say that they have expressions of interest from foreign investors to invest in power-generation projects in the state. This was revealed to The Myanmar Times by Chin State Minister of Development, Electricity and Industry U Soe Htet. The state is among the least developed in the country and is also the […]

First airport in Chin State to open in May

Chin State is set to be more accessible to travellers and investors this year, when the region’s first airport opens for business. Surbung Airport in Falam township, Chin State, will open in late May, according to state media, barring unforeseen weather conditions. The move is expected to boost tourism in Myanmar’s most underdeveloped state. The […]

Coffee entrepreneurs seek success in Myanmar’s poorest state

Young people from Myanmar are starting businesses to escape poverty in Chin, the country’s poorest state in Southeast Asia’s least developed country. Chin is a mountainous state in western Myanmar. Its per capita gross domestic product was around 760,000 kyat ($500 at the current exchange rate) in 2017, only about a quarter that of Yangon, […]

Impoverished Chin sees little progress in drawing investment

Long plagued by poor road connectivity and the absence of power infrastructure, Chin has not succeeded in securing investments to develop the region thus far, but opportunities in tourism, energy and agribusiness abound. According to the “Opportunities and Challenges for Local Business Development in Chin State” report issued by the Gender and Development Institute of […]

Govt explores possibility of cement plant in Chin

The Ministry of Natural Resources and Environmental Conservation (MNREC) is inviting expressions of interest (EOI) from foreign and local investors to conduct detailed feasibility studies and measurement of limestone deposits before considering the setting up of a cement plant in Chin State. The proposed site for the project, covering some 4300 hectares, is located in […]

India, Myanmar sign MoU towards Sittwe Port operationalisation

NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]

Ministry of Electricity and Energy invites bids for Installation of Distribution Lines and Transformers, national electrification project, submission date: 1 November 2018.

Specific procurement notice Date : 28th September, 2018 Invitation for Bids IDA, Credit No 5727-MM Contract Title Installation of Distribution Lines and Transformers for Sagaing, Magway, Chin, Magway, Rakhine, Bago (West), Bago (East), Kayin & Mon For National Electrification Project Reference No MOEE-NEP/C1-W2/18, MOEE-NEP/C1- W3/18 & MOEE-NEP/C1-W6/18 1. The Republic of the Union of Myanmar […]

Government drafting policy on exporting maids

The Myanmar Ministry of Labour, Immigration and Population is currently drafting a policy regarding sending Myanmar workers abroad, Minister U Thein Swe told The Myanmar Times on International Labour Day on Tuesday. “We will send domestic workers abroad according to our new policy,” the minister said. He added that the ministry is committed to assisting […]

Average inflation rate hits 4.03 pc in March

The average inflation rate in March was 4.03 per cent, with the highest rates reported in Rakhine and Mandalay and the lowest in the Union Territory, according to the figures released by the Central Statistical Organization. Until March of this year, the average inflation rate in Kachin was 5.27 per cent, 4.21 per cent in […]