US to lend expertise in shrimp breeding techniques to local producers

Myanmar will collaborate with the U.S. to boost white shrimp production, aiming to penetrate the global market, Dr Sein Maung from the Myanmar Shrimp Association. The U.S. will share not only breeding techniques but systems covering biosecurity, pond management and hygiene as well as conservation of the natural environment, said Dr Jim Wybam, chairman of […]

Coffee growers in Ywangan (Shan State) achieve designation protecting its name

Ywangan, the township in Shan State that has become known for its quality coffee, has achieved a Geographical Indication (GI), the same designation that protects the Champagne region in France from copycats. Companies that want to produce and sell coffee products under the name of Ywangan coffee will now be charged a fee, following Ywangan […]

US dollar exchange rate hits the highest at Ks 1,323

The exchange rate stood at its highest point of Ks1,323 per US dollar on 19th November, according to the black market of foreign exchange , after reaching a 14-year record high on 18th November on global market. The dollar price has been on the rise for 10 consecutive days at the local foreign exchange market, […]

Myanmar’s dried tea leaves to go to Germany

GERMANY pledged to purchase almost all the good-quality dried tea leaves produced from Shan State before Christmas, according to a spokesperson of the Ministry of Industry. The demand from the western European countries will help grow the presence of Myanmar’s products in the international market, exporters say. Producing quality dried tea leaves is a top […]

Industry lobbies for gold and diamond trade to be legalised

Industry bodies have asked the government to strike gold and diamonds from its list of restricted goods, saying it would boost government earnings and help to combat smuggling. The Myanmar Gold Entrepreneurs Association has filed a proposal with the Ministry of Commerce to lift restrictions. At present, gold and diamonds can only be traded overseas […]

China sucks in Myanmar sugar

High demand from China is boosting Myanmar’s sugar exports, as world prices for the sweetener also increase on the back of forecasts of a global production deficit over the next two years. Traders estimate about 100 trucks a day are crossing the Myanmar-China border carrying sugar. So lucrative is the business becoming that even rice […]

Myanmar to mull tariff cut for Taiwan’s fabrics following an economic summit

TAIPEI — Myanmar has agreed to study the possibility of lowering its tariffs on imported Taiwanese fabrics, a move seen as a goodwill gesture following an economic dialogue held by Taiwan and Myanmar, the Ministry of Economic Affairs said Saturday. A Taiwanese delegation led by Yang Jen-ni (楊珍妮), head of the MOEA’s Bureau of Foreign […]