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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, […]

Ministry urges farmers to save water

The Ministry of Agriculture, Livestock and Irrigation has urged farmers to use water more efficiently as there is less water behind the country’s more than 300 reservoirs and dams despite the current rainy season. The monsoon, which started in late May, is due to end later this month. As of Sunday, Thaphan Seik Dam, the […]

Riding around with worries

On a Sunday and public holidays, the streets in front of the Hlaing Tharyar council office buildings are quiet and empty. U Htay Hlaing, aged 63, sits on his motorbike waiting to give his passengers a ride back home. Last year he converted his motorbike into a trishaw, which he uses to ferry people around […]

Microfinance growth expected to drive higher financial inclusion

Efforts are being made to raise the rate of financial inclusion in the Myanmar. Under the Myanmar Financial Inclusion Roadmap for 2019 to 2023, authorities are working with the UN Capital Development Fund (UNCDF) to raise the percentage of the population covered by the financial sector to 60 percent from 48pc currently, said Willian Naing, […]

Authorities approve Htantabin, Hlegu projects

Members of Parliament (MPs) for the regional Hluttaw of Yangon has finally given the green light for the Htantabin and Hlegu industrial park projects to the north of Yangon city. The MPs approved both projects after Minister of Karen National Affairs Naw Pang Thinzar Myo, who is also the chair of the Yangon Region Investment […]

US soybean planting experiment scheduled

The Ministry of Commerce will grow high-yielding US soybeans in Shan State’s Nawngcho township as an experiment prior to introducing more widespread planting of the crop. The ministry’s deputy director-general for consumer affairs U Aung Maun said native soybean species produce between 12 and 20 baskets per acre compared to US species, which can produce […]

Start-up sees future farmers using hydroponics, smart tech

Ko Htet Aung Hlaing, founder of local start-up HydroPlant, wants to revolutionise farming in Myanmar. “HydroPlant is expanding its two business arms. The first one is disseminating hydroponic technology and selling the required equipment. We build greenhouses. The second is selling smart precision systems,” he said. The smart precision systems offer information that farmers need […]

Jailed American’s Family Pleads to US, Myanmar Govts in Hemp Case

The family of US citizen John Frederic Todoroki, who was accused of growing marijuana in Mandalay’s Nganzun Township, has appealed to the Myanmar government for help, pleading that Todoroki only tried to help Myanmar farmers growing industrial hemp and did not commit any drug-related crimes. The family sent the letters to Myanmar State Counselor Daw […]

Myanmar’s farmers go hi-tech

\ According to the World Bank, Asia supports the food demands of 60 percent of the global population by using just 23 percent of the world’s agricultural land. Due to an increasing population and decreasing land mass, the role of technology in agriculture is key. This is where the booming start-up scene in Southeast Asia […]

InfoCorp Technologies Partners Mandalay Capital to Provide Livestock-backed Loans for Unbanked Farmers

26th April 2019: InfoCorp Technologies, Singapore-registered fintech company has formed a partnership with Myanmar-based financial services company, Mandalay Capital (MCAPITAL) to utilise FarmTrek as platform to provide livestock-backed loan services to farmers and MSMEs in the Myanmar agricultural and livestock market. MCAPITAL aims to replace illegal remittances and currency exchanges in line with Central Bank’s […]