A pilot project which provides loans to farmers spearheaded by Myanma Apex Bank (MAB) and Myanmar Rice Federation (MRF) has supported almost 700 farmers for this harvesting season to date, according to the MRF. U Ye Min Aung, MRF secretary, said that the MAB has provided medium-term loans to farms in agriculture, livestock and fishery […]
Warm response seen to ‘Myanmar Insight’ in Bangkok
June 22, 2018 by
GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). He said at a press conference yesterday that the event would be held […]
Telecom Sector Draws Foreign Investment
January 8, 2018 by
YANGON — The Telecommunications sector has become the top destination for foreign investment under the National League for Democracy (NLD) government, according to the Directorate of Investment and Company Administration (DICA). “Under the previous governments, most of the foreign investments went to the energy and electricity sectors. But foreign investment in the telecommunications sector has […]
External trade value reaches US$17billion, over US$2700million in trade deficit
December 14, 2016 by
External trade value as of 2nd December in this fiscal year 2016- 2017 totaled US$17,521.102million, with US$2,792.774million in trade deficit, according to the Commerce Ministry. In the similar period of last fiscal year, the external trade value was US$18,209.307million with a trade deficit of US$3,888.887million. The trade value this year slumped by US$688.250million when compared […]
EU to Resume Myanmar Fishery Inspections
January 15, 2015 by
Officials from the European Union (EU) will begin to inspect fishery factory products intended for export in 2015, U Tin Hla, an advisor from Myanmar Fisheries Producers and Exporters Association told Myanmar Business Today. This is the initial stage for the official export to EU according to their regulations and laws. Currently, two cold storage […]
Fish Food Prices Increase as China Imports More Raw Materials
June 20, 2014 by
The local Fish Food Producers Association announced that it has decided to import food for fish and prawn rather than manufacturing locally, responding to a hike in local prices. Increasing demand for fish food raw materials from China has driven up the price of fish food over the past year. In June 2013, the price […]
Exports to the U.S. top US$11 million this year
December 17, 2013 by
Myanmar has exported more than US$ 11 million worth of products, mainly in garments and fishery, to the United States this fiscal year, according to government statistics. The figures show a sizeable increase from US$ 2.81 million earned in exports to the U.S in the same period last year. The United States lifted economic sanction […]
Russia to buy Myanmar’s fishery products
June 8, 2013 by
Russia is now offering to buy Myanmar’s fishery products, according to sources from Myanmar Fishery Product Processors and Exporters Association. “Myanmar’s fishery export products will be exported to Russia’s market soon and in line with European market standards. Russian authorities will check the imported products,” Tun Aye, Secretary of Myanmar Fishery Product Processors and Exporters […]
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