Price of premium mangoes rises as supplies dwindle

Extreme weather has hurt the supply of Sein Ta Lone (diamond solitaire) mangoes, causing their price to double from last year, according to a mango growers association. In the past two months, severe storms have damaged mature mangoes and mango trees in Shan State, while in other states, soaring temperatures are affecting the size of […]

Strong geophysical targets for Myanmar at Bawdwin

ASX listed base metal developer Myanmar Metals has reported outstanding results from a ground-based gradient array induced polarisation geophysical survey at its flagship Bawdwin deposit in central Myanmar. Interpretation of the survey data has given very strong indications of relatively shallow new zones of conductive sulphide mineralisation outside of Bawdwin’s existing base metal and silver […]

Welcome to Mogok, Myanmar’s mysterious mining mecca

High in the hills of northeastern Myanmar, past a few sleepy army checkpoints on a stretch of road where mobile phones lose their signal, an ageing signpost set against a mountainous landscape reads: “WELCOME TO RUBY LAND”. This is the entrance to a little-known and seldom-visited town called Mogok, which is said to be the […]

Mango growers need agricultural certificate to enter international market

MANGO growers need to obtain agricultural certificate to help prove the quality of their products to enter the international market, local farmers say. The country has received a greater interest from Japan, Korea, Australia and the U.S, said Ma Zin Mar Than of Myanmar Fruits, Flower, Vegetable Producer and Exporter Association. Exporters say, nearly 10,000 […]

KBZ Eyes Niche Market with Credit Card

Local lender KBZ Bank has launched Myanmar’s first credit card recently, eyeing to tap into big businesses and high-income individuals’ needs for credit card in the country. Launched late last month, there were 500 applicants at the beginning, which has grown in its first week to 600, according to KBZ officials. U Nyo Myint, managing […]

Export earnings of jade more than triple

Export earnings for jade during the nine-month financial period from April to December of 2013 reached US$ 920 million (Ks 887.79 billion), according to the Ministry of National Planning and Economic Development. This amount is more than a third larger than last year’s overall earnings (more than US$ 600 million). Export earnings for the 2012-2013 […]