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Construction of Myanmar’s first aquarium to complete next year

YANGON-The first international-standard Myanmar Aquarium including an underwater wing is being constructed in Kandawgyi Gardens in Yangon and is expected to complete in 2020, says Director Tin Maung Tun from Mottma Development Group implementing the Aquarium project. Under the leadership of Yangon Region Government, the Yangon Ecological Aquarium has been cooking since 2016. “An underwater […]

EU green lights aquaculture imports from Myanmar

The EU has approved the import of aquaculture products from Myanmar, in a move that has been welcomed by aquaculture producers in the Southeast Asian country. “It’s a great accomplishment for the EU projects/people that have been working hard for the past years to make this happen,” said Jonah van Beijnen, an aquaculture expert closely […]

Yangon chief ministers lay outs plan to improve fish farming

The government will cooperate with Myanmar Fisheries Federation (MFF) in reforming the current fish farming system in fishery sector, said Yangon Region chief minister Phyo Min Thein. He blamed little profit for results from conventional farming and called for better services in transporting fishery products through cold storage factories. The chief minister said the government […]

New technologies needed as prawn, shrimp exports dwindle

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

South Korea to build $98 million logistics hub in Yangon

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]

Mandalay approves investments exceeding K1.4 billion

The Mandalay Region Investment Committee has approved over K1.4 billion in investments since the Myanmar Investment Law was approved in October 2016, U Thike Htoon, assistant director at the Directorate of Investment and Company Administration (DICA), said on Monday. The investments were approved for the first time after the Myanmar Investment Commission (MIC) established Region […]

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 […]

Seafood industry expected to expand after EU checks standards

There are only 19 fishery exporters in Myanmar but the number is likely to swell after the EU does standardisation checks next year, Myo Nyunt, secretary of Myanmar Fishery Products Processors and Exporters Association, he said. “We’ve heard the EU adjudicators will come and check our industries next year. But the official announcement isn’t issued […]

The export market potential for Myanmar’s seafood bounty

A leading player in Myanmar’s seafood sector tells Mizzima Business Weekly he’s optimistic about the industry’s export potential if constraints can be overcome. Few countries can boast crab so plentiful that it is sold as a cheap street food snack. But despite Myanmar’s abundance of seafood, in terms of availability and comparable affordability, the sector […]

Priority items chosen for National Export Strategy

In developing the country’s trade sector through an export-led growth model, six products and one service have been chosen as priorities for Myanmar’s National Export Strategy, according to the national consultant responsible for the strategy. “The priority export items have been chosen based on two criteria. One is its potential given the current trading situation, […]