China May shelve Controversial Myitsone Dam in Exchange for Other Interests in Myanmar

NAYPYITAW, MYANMAR – China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for other economic and strategic opportunities in Myanmar. Myanmar President Htin Kyaw will discuss a potential deal on the massive Myitsone dam […]

One Year on, First Poll Test Looms for Myanmar Government

YANGON — On April 1, Aung San Suu Kyi’s National League for Democracy faces its first electoral test since taking power in Myanmar on the back of a landslide election win in 2015. The governing party will compete for a total of 2 million votes in all bar one of 19 by-election contests — seven […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Max Myanmar looking for partnership in financial services

Max Myanmar Holding Co, a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Myanmar’s Max Looking for Financial Services, Banking Partners

Max Myanmar Holding Co., a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Myanmar Fishery Export Income Set to Double

​​ THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]

Myanmar Has Earned Over $370m From Rice Exports So Far This Fiscal Year – Ministry

​​ Myanmar export­ed over 1.2 mil­lion tons of rice in the first 10 months of the current fiscal year, earning $376 million, ac­cording to the figures of Ministry of Commerce. As of January, 68 per­cent of rice exports, or 800,000 tons, were sold through border trade, while over 400,000 tons were sold through other channels, […]

Rice Exports to Africa Grow

​​ About 60 per cent of rice exports via sea from 2012 to 2016 are being exported to African markets with China second, according to the Myanmar Agribusiness Public Corporation (MAPCO). MAPCO exported over 86,000 tonnes of rice to Africa nations, more than 17,885 tonnes to China, in excess of 13,000 tonnes to Indonesia, more […]

Myanmar to Upgrade Livestock and Fisheries Sector for More Export to EU Market

YANGON, Nov. 25 (Xinhua) — Myanmar will implement an upgrading program for the country’s livestock and fishery sector in cooperation with European Union (EU) and German state-owned organization GIZ, according to the ministry of agriculture, livestock and irrigation of Myanmar Friday. U Khin Maung Maw, a director general from Myanmar’s fishery department and Dr. Pefra […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]