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With ‘on-the-go’ loans and tech, social firm boosts Myanmar farmers

A social venture in Myanmar is boosting farm outputs with customized technologies and giving loans for seasonal migration to raise incomes in one of the world’s poorest countries. Proximity Designs, which was set up in 2004 in the country’s commercial hub Yangon, focuses on farming, on which more than two-thirds of the population relies to […]

Frustrated Farmers Give Melons Away as Border Checkpoint Remains Shut

MANDALAY—Melon growers gave away around 50 tons of watermelons in Sagaing Region’s Monywa on Monday in a protest against the closure of a key border checkpoint for fruit exports in the Muse border trade zone on the Myanmar-China border. Melon and cantaloupe growers from Butalin Township organized the protest, one of its leaders, Ko Thitsar, […]

Rivers are invaluable to South East Asia

How many different ways can you measure a river? By its length and how many countries it passes through? The volume of water flowing along its course? The number of species it supports? Perhaps the most important – and largely overlooked – measure of a river is its value to the economy and wellbeing of […]

FDI could exceed MIC’s target in 2017-18, but still lower than previous years’

Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]

Rice farmers need government support: federation

Polices set by the new government will determine the success of Myanmar’s rice industry, which is in dire need of funding, according to the Myanmar Rice Federation. The agricultural staple will depend heavily on government support over the coming years, said MRF president U Chit Khine at the federation’s annual meeting on February 5, where […]

Poultry Farmers Want Gov’t to Limit Chicken Imports

Local poultry farmers want government to limit the import of chickens in order to keep local farmers competitive, according to the Myanmar Poultry Business Association. “We don’t want local businesspeople to suffer. Foreign chicken imports should be limited. If Myanmar imports too much, the local market will get affected. I intend to protect this,” Dr […]

Nonghyup Financial eyes Indonesian, Myanmar banks

SEOUL, Aug. 3 (Yonhap) — Nonghyup Financial Group Inc., South Korea’s fourth-largest banking group by assets, is considering buying banks in Indonesia and Myanmar in a bid to expand its overseas business and diversify its portfolio, the group’s chairman said Monday. Nonghyup Financial is the biggest state-run agricultural cooperative whose stakeholders include farms and other […]

Ooredoo to spend $60 million on development projects

Ross Cormack, the Senior Representative of Ooredoo in Myanmar said that the company will spend $60 million within 10 years on social development projects in Myanmar. Ooredoo, based in Qatar won one of the two tenders for telecom licenses on June 27. The other was won by the Norwegian firm Telenor. The announcement was made […]