FDA Refuses First Shipment Of Shrimp From Myanmar For Banned Antibiotics; Refusals For Year Lowest Since 2012

Last week, the U.S. Food and Drug Administration (FDA) released information regarding import refusals for December. Last month, the FDA reports that only 1 out of the 105 (0.9%) total seafood entry line refusals were of shrimp for reasons related to banned antibiotics. The one shrimp entry line refused by the FDA for banned antibiotics in […]

Government expects growth of 6.8pc in 2017-18

Despite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]

Fisheries crucial for food security

Fisheries are vital to reduce the malnutrition rate and improve food security in Myanmar. The World Fisheries Day, which is taking place today, is of significance for Myanmar because the country’s population has around 50 percent of their average protein intake from fish. Fisheries are vital for food security and nutrition for Myanmar’s young and […]

Mandalay modernises chamber in bid to draw investments

THE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise its […]

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The My-Governance Project is a technical assistance programme funded by the European Union for Institutional Strengthening and Policy Dialogue Support in Myanmar. Amongst others, it supports the Department of Rural Development through the development of a monitoring and evaluation management information system (M&E MIS). The My-Governance programme is soliciting proposals from local companies to provide […]

Myanmar can become middle-income country by 2030: Prabir De

Myanmar can become a middle-income country by 2030 and triple its per capita income, says Indian economist Prabir De. In a book “Myanmar’s Integration with the World” co-authored with Ajitava Raychaudhuri, that was released during the first India-Myanmar dialogue, De says Myanmar can become one of the fastest growing economies and grow at 7-8 percent […]

EU displaces Japan as Myanmar’s Largest Apparel Market

After the reinstatement of Generalised Scheme of Preferences (GSP) rights to Myanmar, orders from European Union have been increasing, and it has now become the top market for Myanmar’s cut-make-pack (CMP) garment sector. This has reduced Myanmar’s heavy dependence on Japan for its CMP exports, according to Myanmar Garment Entrepreneurs’ Association. “In the past the […]

Clothing Exports Set to Reach $3bn

Export earnings from cutting, making and packaging clothing manufacturing is expected to reach up to US$3 billion this year, said Soe Myint, the chair of the Myanmar Garment Entrepreneurs’ Association. “In the past, Japan was the biggest market but it has been overtaken by the European Union. Every month, four to six companies invest in the garment […]

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 […]