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 […]

Government settles gold debts by private miners

The outstanding gold debt owed by private gold mining firms to the government as at September 30, 2017 is 14,121.32 ticals, U Ohn Win, Union Minister for National Resources and Environmental Conservation reported at the Pyithu Hluttaw held on October 19. In Myanmar, 1 tical is equivalent to 16.34 grams. Those debts are to be […]

MoU signed to build Kanyin Chaung economic zone

The Maungdaw government and NAAF Galaxy, which comprises six companies including three local companies, will sign a memorandum of understanding (MoU) on October 30, said Aung Myint Thein, chairman of the Maungdaw border traders association and secretary of the Kanyin Chaung trade zone implementing committee. “We are developing Kanyin Chaung economic zone project. We developed […]

Myanmar taps Israeli expertise in agriculture

ISRAELI expertise and technologies in agriculture are supporting Myanmar’s efforts in reforming its vast agriculture sector, while the recently enforced investment protection agreement is expected to boost inward investments for Myanmar in the long run. Following the signing of an agreement for Reciprocal Promotion and Protecting of Investments between the two countries in October 2014, […]

Foreigners get involved in illicit sale and purchase in Myanmar fishery

According to Myanmar Fishery Products Processors and Exporters Association, foreigners got involved in illicit sale and purchase in Myanmar fishery business. U Myo Nyunt, secretary of Myanmar fishery products processors and exporters association said, “There are many foreigners getting involved in fishery business.” They did not purchase the products themselves. Instead they made Myanmars buy […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Ministry, NGOs cooperating on education reform

At yesterday’s meeting of the Amyotha Hluttaw in Nay Pyi Taw, Deputy Minister for Education U Win Maw Tun said the ministry is conducting educational reform by cooperating with Non-Government Organisations (NGOs) in sectors and sub-sectors. The Deputy Minister was responding to a question by U Mahn Law Moung of Constituency 8 in Chin State […]

The Bumpy Relationship Between India and Myanmar

The relationship between Naypyidaw and Delhi is not smooth sailing, despite the recent visit of Myanmar military officers to India. Naypyidaw’s announcement about not setting up a trading zone at the Indian border, due to a lack of basic infrastructure and low trading volume, ends the series of negotiations between India and Myanmar for border […]

India’s policy change on pea imports impacts Myanmar

Severe restrictions announced recently by India limiting the amount of pea products from Myanmar has quickly and adversely affected the local pulses market, officials said yesterday. On Monday, India capped imports of mung beans and green mung beans (pigeon peas) at only 300,000 tons, after the prices of the pulses plummeted due to record production. […]

Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]