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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 […]

MFVP pushes opening of more fruit export channels

The Myanmar Fruit, Flower, and Vegetable Producers and Exporters Association (MFVP) suggested three measures to expand the watermelon market and control market prices at the 22nd regular meeting of Vice President 1 and entrepreneurs. The suggestions were put forward by MFVP vice president U Myint Sein at the meeting held recently at the UMFCCI office. […]

Chamber backs SMEs to embrace digital technology

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]

Myanmar’s manufacturing growth loses momentum in May

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, fell to 52.6 in May from April’s series-record high of 55.5. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The reading was still above the average for 2017 as a whole. “The overall growth performance was hampered […]

Dutch feed group confident about growth opportunities in Myanmar

De Heus opened its second production site in Myanmar today. The manufacturer said the new factory is about helping the group to strengthen its market position in that country and helping to professionalize agriculture in the region. The facility, located near Mandalay, the country’s second city, has an annual production capacity of 280000 MT, said […]