FDA Refuses First Shipment Of Shrimp From Myanmar For Banned Antibiotics; Refusals For Year Lowest Since 2012

Last week, the U.S. Food and Drug Administration (FDA) released information regarding import refusals for December. Last month, the FDA reports that only 1 out of the 105 (0.9%) total seafood entry line refusals were of shrimp for reasons related to banned antibiotics. The one shrimp entry line refused by the FDA for banned antibiotics in […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Businesses demand quicker reforms, policy clarity in 2018

After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]

Myanmar Emerging as Key Component in China’s Belt Road Initiative

A recent public speaking trip through Asia discussing the ongoing developments within the China Belt Road Initiative (BRI) exposed a number interesting themes, one of which is the increasing influence Myanmar is having on China’s Belt Road Initiative (BRI). Most discussion within the maritime, oil & gas and rail sectors focused on the growing improvements […]

Myanmar Woos China, Southeast Asian Tourists

Myanmar is shifting its tourism focus towards China and South-East Asia markets after Western and European tourist inflow witnessed a decline due to recent turmoil in northern Rakhine State. “We will focus on the countries which have good relations with Myanmar for tourism promotions, such as China, South Korea, Japan and ASEAN,” U Yan Win, […]

HK: Myanmar Eyed as Source of Domestic Helpers Amid Surging Demand

Hong Kong is looking into importing domestic helpers from Myanmar to meet surging demand, Secretary for Labor and Welfare Law Chi-kwong said. It is all part of the government’s efforts to increase the sources of maids and lower the city’s reliance on the Philippines and Indonesia, Law said in a blog post on Sunday, adding that […]

Sudima’s conservative approach to success

AS a young entrepreneur, Anil Kumar Jhunjhnuwala felt that his father’s approach to business was too conservative for his liking. But time and experience have changed those sentiments. “I can see now why taking a conservative and calculated approach was the right choice,” he says. This approach to business has borne fruit for the managing […]

Mandalay taps British expertise for higher education

MANDALAY, Myanmar’s second largest city, is expected to become the country’s northern economic hub over the next two years. Yet, skills and talent in the city still lags behind Yangon and many cities in ASEAN. The brain drain and skills shortage are dragging its economic growth. But Ko Ye Tun Min, founder of the Mandalay […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]