Rejoining Asia’s Rice Bowls

Rice is one of the major sectors prioritised by the Myanmar National Export Strategy. The Strategy was designed to fuel the country’s sustainable development through export promotion and was first launched in March 2015 under the previous administration. At one time, the country was the top rice exporter internationally until the Second World War. Subsequently, […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Rakhine State Plans to Export 10,000 Tons of Beans to India

Rakhine state plans to export 10,000 tons of Matpe beans to India in the cur­rent fiscal year, which be­gan in April. Official media reported that arrangements are underway to plant Matpe beans in the state during the coming rainy season and will export the sur­plus to the neighboring country, Rakhine State Minister of Planning, Revenue […]

Indian Rupee appreciation helps international travel to Myanmar

This summer, outbound travel has seen a different pattern. Neighbouring destinations such as Myanmar, Bhutan or countries the US or the UK have seen a bigger growth, thanks to the rupee appreciation. Brexit and the falling pound corresponding to the rising rupee have caused a sharp increase in the number of travellers to the UK. […]

Fuel Storage Terminal with US$92m FDI to Start Operation at Thilawa Port

The first and largest fuel storage terminal in Myanmar, which has involved US$92 million of investment, opened during the first week of May, said officials from Puma Energy Asia Sun (PEAS). The storage terminal will begin operation at Thilawa port in Yangon, and is a joint-venture between Puma Energy and Asia Sun Energy. Puma Energy, […]

Siemens, MMH join hands for port operations

Siemens, a global powerhouse focusing on the areas of electrification, automation and digitalisation, plans to expand its business in Myanmar by providing Myanmar’s ports with technology and solutions in cooperation with a local counterpart, Myanmar Mahar Htun Co (MMH), according to Christian Beckers, head of business development at Siemens Myanmar and Cambodia. Beckers said in […]

India mulls oil pipeline to Myanmar

KOLKATA (miningweekly.com) – Pushing ahead with its ‘oil and energy diplomacy’ in neighbouring countries, India is considering building an oil pipeline to connect refineries in its north-eastern provinces to consumer centers in Myanmar. According to senior government officials in the Petroleum and Natural Gas Ministry, several Indian oil refiner-marketers have already started marketing petroleum products […]

Reviving the Comatose Bangladesh-China-India-Myanmar Corridor

The Joint Study Group (JSG) of the Bangladesh-China-India-Myanmar Economic Corridor (BCIM) concluded its third meeting on April 26. The two-day meeting in Kolkata, India, revolved around each country sharing their revised reports on the BCIM. The member countries submitted four separate reports involving 11 sectors for consideration by the respective governments, including general principles on […]

Deadly secret: The illegal abortions killing Myanmar’s women

Yangon, May 2 (AFP) Thiri’s heart started pounding and her whole body shook after she swallowed the final dose of pills that would end her unwanted pregnancy in a Yangon hotel. Her boyfriend had abandoned her after finding out she was pregnant — a familiar story in Myanmar, where many consider women “ruined” if they […]

Myanmar’s First Private Bank to modernise banking operations with Misys

First Private Bank (FPB) has chosen Misys FusionBanking to streamline operations and digitalise as it takes a significant role in contributing to Myanmar’s growing economy. The bank, which received the first banking licence in Myanmar in 1992, aims to facilitate access to financial services for all and will transform its retail, corporate and digital offering […]