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Typewriters business still in demand in Myanmar’s Yangon

Clickety-clack sounds coming from typewriters are heard along a busy old street in downtown area of Myanmar’s Yangon, bringing vibes back from bygone golden era of typewriters. Along the sidewalk Maha Bandoola Park street, typists, mostly in middle ages, are seen busy hammering their fingers down on buttons of manual typewriters at stalls while their […]

MOGE owes more than US$1.6B even as domestic demand rises

Myanmar owes China more than US$1.6 billion which it borrowed on high interest to implement projects including an oil and gas pipeline, according to a Myanmar Alliance for Transparency and Accountability (MATA) statement released based on an Extractive Industries Transparency Initiative report. It has so far repaid more in interest than the amount borrowed for […]

Myanmar energy analysts alarmed at floating power plant plans for Yangon

Industry experts have criticized the Ministry of Electricity and Energy’s plan to produce electricity with gas and liquefied natural gas (LNG) via a floating power plant to meet the rising demand in Yangon by mid-2020. The ministry invited international bids in June for the 1,040-megawatt (MW) project. U Aye Kyaw Kyaw, secretary of Yangon Region’s […]

Coffee industry expands as overseas demand rises

The Myanmar coffee industry has been developing rapidly in recent years and specialty coffee beans from the country is becoming well-known globally. With higher margins available overseas, more local farmers are raising efforts to improve the quality of their crops so that they meet international standards and that has raised the entire industry to a […]

Shrinking demand to eclipse supply issues in tin market

LONDON – The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa. Tin prices on the London Metal Exchange at around $18 000 a tonne are down 15% […]

Farmed fish prices rise on lower production, higher feed costs

The inability to meet domestic demand for fish and a curb by fish farms on breeding has caused the price of farmed fish to rise, says Myanmar Fisheries Federation General Secretary U Win Kyaing. The drop in overall fish stocks to satisfy local demand has been made worse by the non-availability of wild-caught fish from […]

Govt, investors must give and take for more oil and gas profit: expert

Prospects in the Myanmar oil and gas sector are expected to improve this year, with the government planning to hold its first international exploration and production tender since 2015 next month. On February 22, the Ministry of Electricity and Energy (MOEE) announced that it will be holding international tenders for 18 onshore and 15 offshore […]

On the trajectory to seed exports

The demand for seeds is rising in Myanmar as farmers have switched to hybrid seeds which can give higher yields compared with traditional seeds. Now, Myanmar needs to boost production of quality seeds to cater to local demand and to become a seed exporting country. To get higher yields and incomes, our farmers need access […]

DAWN Microfinance gears up for higher borrower demand

Early Dawn Microfinance Company Ltd (DAWN) is expecting lending in Myanmar to pick up on the back of the launch of a credit bureau in the country later this year, and as the banking sector opens up. “Myanmar is already in the process of opening up the banking sector and we see opportunities to serve […]

Industrial zones hampered by poor infrastructure but demand remains

Demand for Myanmar’s industrial zones beyond Yangon is bound to grow but poor transport and energy infrastructure have held back investments, a major study suggests. Business information firm Frontier Myanmar Research (FMR) last week at the Yangon Stock Exchange launched its Myanmar Industrial Zone Review, a study based on reviewing approximately 100 active, developing and […]