MAPCO’s power plant and rice mills open in Ayeyawady

Mapco Golden Lace’s project in Ayeyawady. A 2.2-megawatt power plant and two rice mills opened in Kyaiklatt Township, Ayeyawady Region, on May 15. The Myanmar Agribusiness Public Corporation (Mapco) and six shareholders under the Golden Lace Company jointly operate the firms with a 55:45 ownership ratio. The Mapco Golden Lace has gained licences from the […]

How microfinance can help Myanmar meet its major funding needs

Myanmar’s economy has logged one of the fastest growth rates in the world since it opened up in 2011, but its development of channels for financing such growth has not kept pace. The stock market, which began trading in March 2016, has just four listings, and overall market capitalization is equivalent to less than 1% […]

Contract farming to begin in Ayeyawady, Bago, Yangon and Mandalay

Contract farming will begin on 60,000 acres in Ayeywady Region, and 30,000 acres each in Bago, Yangon and Mandalay totaling about 150,000 acres during the upcoming rainy season, said Ye Min Aung, general secretary of the Myanmar Rice Federation (MRF). Rice millers, rice merchants and rice companies can put forward contract farming planS to the […]

Myanmar to Grant Licences for More Types of Insurance ‘Soon’ as Industry Liberalises

Myanmar finance authorities have submitted a pro­posal to the government on seeking permission to grant operation of all types of insurance servic­es to the private sector. Licenses for all 40 types of insurance plus addi­tional farmers’ insurance and overseas employment life insurance are expect­ed to be granted by the government soon, said U Kyaw Win, […]

Myanmar heads for liberalizing all types of insurance services

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]

Yangon lacking resilience to face future disasters

Nothing is normal these days when it comes to Myanmar’s weather. In Yangon, residents talk about a time when they used to wear sweaters or scarves in the colder months, when the early morning was crisp and people would exercise to stay warm. Not anymore. Yet, this rise in temperature is just a small indicator […]

The land of the $20 smartphone

“This one $40, this one $30 … that one $20!” The owner of the street stall, a man of about 30 years wearing a traditional longyi tied around his waist, is gesturing at a phone that looks, to my eyes, like a mid-range Android phone. It bears the brand Singtech, a brand among myriad others […]

Impact of Agricultural Investment in Myanmar

After years of international isolation, Myanmar is liberalizing its economy and seeking to attract growing levels of foreign investment. Agriculture currently plays a crucial role in the country’s economy and more than 60 percent of the population depend on agriculture for their livelihoods. The Government of Myanmar (GoM) has acknowledged the need to support smallholders […]

Fish farming in Maungtaw District to be expanded

About 200,000 of fingerlings have been distributed to farmers in Buthidaung and Maungtaw township in the 2016-2017 fiscal year as it expands two aquaculture farms in two townships, according to the Maungtaw District Fisheries Department. When the first hatchery in Buthidaung was opened in 2013- 2014 and in Maungtaw in 2015- 2016, there were about […]

Yangon to invest Ks 8 billion into agricultural sector

The Yangon Region Government has earmarked about Ks8 billion to spend on development of the mechanised agricultural sector in Yangon Region as part of a revitalization effort for farmland, said Yangon Region Chief Minister U Phyo Min Thein. “As far as the industry sector is developed in Yangon Region, it is found that the agriculture […]