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Japan is eyeing export-oriented businesses in Myanmar

Japanese companies are becoming interested in the local industry which will manufacture products in Myanmar and export them to India, China and Thailand, said Japanese Ambassador to Myanmar Mr. Ichiro Maruyama, at Japan-Myanmar Resource, Trade and Investment Expo 2019 at Inya Lake Hotel in Yangon on October 19. “There are many Japanese companies which are […]

Trade centre in Mon State to open before year end

A local trade centre in Mon State is expected to open before the end of this year, U Phone Myint, a member of the Mon State Chamber of Commerce & Industry, told Myanmar Times. The center, which will be located in Mawlamyine, aims to promote rubber products for starters when it opens later this year, […]

Government to support internationally recognized gold market in Yangon

U Phyo Min Thein prom­ised that the govern­ment is committed to providing support for an inter­nationally recognized gold mar­ket in Yangon. “Our government is trying to implement a gold market in line with rules and regulations,” he said at the 17th Annual Meet­ing of Myanmar Gold Entre­preneurs Association, held at Times City (Jewelry Mall) on […]

Growing high-end avocados for the world in Shan State

Daniel Bennett, managing director and co-founder of Shan Orchard Myanmar, reckons Myanmar is the perfect place for the company to reach its goal of growing up to 100 acres of premium Hass avocados for export. “We are interested in southern Shan, where our orchard is, because of its unique subtropical/temperate climate, which is ideal for […]

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 […]