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China Co invests $37 mln in cattle breeding, trading business

Chinese company Kangrui Agriculture Livestock Development Company Limited invested US$37 million to carry out the breeding and trading of cattle in Myanmar, according to the Directorate of Investment and Company Administration (DICA). “That permitted enterprise is aimed for export to China. This is the first ever enterprise that has been given the green light for […]

Special economic zones pull in over $208 mln in investment

More than 110 enterprises, including four domestic businesses, invested US$208 billion in the Special Economic Zones (SEZs), under the Special Economic Zone Law, as of 10 July in the current fiscal year, according to figures released by the Directorate of Investment and Company Administration. Singapore topped the list of foreign investors, accounting for more than […]

Myanmar to resume fish exports to Saudi Arabia after inspections

After inspections are carried out by Saudi Arabia, Myanmar will be able to resume its fish export which had been suspended. Saudi Arabia has sent the necessary checklists to Myanmar Fisheries Department on April to allow farmed fishes export from Myanmar said U Thet Naing, deputy director of the Quality Control and Research Division of […]

Myanmar to export farmed fisheries to EU from May onwards

Myanmar will be able to export farmed marine products to the European Union (EU) starting from May 1, said U Thet Naing, deputy director of the Quality Control and Research Division of Fisheries Department. Up until recently, the EU had only permitted imports of fish caught in the wild. From next week onwards, this will […]

Sugar export licences to be suspended on lack of demand

The Ministry of Commerce (MOC) last month suspended 103 licenses to re-export sugar due to a lack of demand from China, said U Win Htay, deputy chair of the Myanmar Sugar and Sugarcane Related Products Merchant & Manufacturers Association. Out of 103 companies, 49 companies will have their trading registrations suspended for three months, while […]

Aviation authorities continue to expand the cargo terminal at YIA

Aviation authorities are continuing the expansion of the new cargo terminal owned by Mingalardon Cargo Services (MCS) at Yangon International Airport (YIA), sources said. It will stock up all export and import cargos and can provide high quality aviation cargo services. The expansion work is expected to last about 14 months. At present, only the […]

Merchants request AQSIQ certificates for exports to China

A request has been submitted to the government to arrange for General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) registration for agricultural, livestock, marine and industrial products exported to China as soon as possible, according to U Ko Ko Gyi, member of the border trade promotion working committee […]

Myanmar continues efforts to generate international demand for local gems

The Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]

Log exports to be permitted to lure timber plantations

The Forest Department under the Ministry of Natural Resources and Environmental Conservation has been planning to permit the export of logs harvested from private timber plantations, U Tin Tun, director of the Forest Department, told The Myanmar Times. To protect the environment and prevent deforestation, Myanmar in April 2014 banned the export of whole logs […]

Myanma Timber Enterprise Tender. Auction Date 13,14 and 17 Dec 2018

Myanma Timber Enterprise will sell teak & hardwood round logs and sawn timbers by open tenders in us dollars particulars of the open tender sales are as follows: (a) DATE & TIME (13-12-2018) (09:00)AM Ex-Site Hardwood Logs Only (14-12-2018) (09:00)AM Yangon & Ex-Site Teak/Hardwood (log and conversion) (17-12-2018) (12:00) noon Yangon Teak Log Only (b) […]