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LexisNexis to Help Develop Property Data System for Myanmar’s Commercial Capital

YANGON—The Yangon regional government on Wednesday signed a memorandum of understanding (MOU) with LexisNexis Southeast Asia, a provider of information analytics, to help set up a reliable housing and real estate information system (HREIS) for Myanmar’s commercial capital. According to the regional government, LexisNexis will carry out the initial analysis for the HREIS, the first […]

Mandalay poultry farmers blame high chick prices for losses

Poultry farms in Mandalay Region are suffering losses because of high chick prices and can’t make enough money to offset production costs, according to U Kyaw Htin, chair of the Mandalay Livestock Federation. The price of chicks should be fixed at about K600, but it was nearly K800 in late August, so it could have […]

Pwint Thit Sa 2019: Five things you need to know

The fifth Pwint Thit Sa (Transparency in Myanmar Enterprises) report has been released by the Myanmar Centre for Responsible Business (MCRB) and Yangon-based consulting firm Yever. City Mart tops the league table, followed by First Myanmar Investment (FMI), Max Myanmar, Shwe Taung and United Amara Bank (UAB). The report reveals that public companies in Myanmar […]

Kovind launches mobile app for farmers in Myanmar

President Ram Nath Kovind on Wednesday launched a mobile app developed for farmers in Myanmar and dedicated a centre and a bio park to promote agriculture research and education to the people here. Kovind is in Myanmar on a two-city visit to continue India’s high level bilateral engagements under the rubric of the ‘Act East […]

Mandalay city to seize low-cost apartments flipped by owners

The Mandalay City Development Authority will seize apartments that have been resold and re-rented in low-cost housing buildings for squatters, a senior city official has said. U Kyaw San Myint, a member of the authority, said his office is compiling a list of people occupying the buildings on Strand Road west of Mandalay city. City […]

Global standards issued for local coffee producers

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

India Donates Cargo Vessels to Myanmar to Support Transport Project

 India handed over six donated cargo vessels to Myanmar to support the joint Myanmar-India Kaladan Multimodal Transportation Project, said a press release from the Inland Water Transport (IWT) late Thursday. Handed over at the Sittway Port in Myanmar’s western Rakhine state, the six cargo vessels, worth 81.29 million U.S. dollars, are in readiness to transport […]

Indian Trade Delegation Tempted by Investments in Beans and Rubber

An Indian busi­ness delegation led by South­ern India Chamber of Commerce and Industry (SICCI) has expressed in­terest in investing in rub­ber-based products and beans, the group’s chair­man has said. Mr Rafeeque Ahmed made the comments dur­ing a speech at UMFCCI in Yangon. Rather than importing raw beans to India from Myanmar, he said, there is […]

Major earthquake strikes central Myanmar, kills four, destroys pagodas

A powerful 6.8 magnitude earthquake shook central Myanmar yesterday, killing at least four people and damaging famous pagodas in Bagan and other regions. The earthquake, with its epicenter inside Myanmar, about 12 miles west of Chauk and about 123 miles southwest of the Mandalay seismological observatory, was recorded at 5.04 pm, according to the announcement […]

Yangon Stock Exchange closer to reality

Two Japanese firms and Myanma Economic Bank on December 23 signed an agreement to establish the Yangon Stock Exchange, which is set to be opened late 2015. The agreement between Daiwa Institute of Research, an arm of Daiwa Securities Group, as well as Japan Exchange Group and state-owned Myanma Economic Bank, is the result of […]