Myanmar works for formulating policy framework for foreign investment in agriculture

YANGON, May 31 (Xinhua) — Myanmar government is working closely with the 34-nation Organization for Economic Cooperation and Development (OECD) to formulate a policy framework to boost foreign investment in the agricultural sector, official media reported Sunday. OCED officials were quoted as saying that allowing foreign ownership of land and creating a legal framework to […]

Competition and Hesitant Investors Put Brakes on Myanmar’s Rice Industry

Burma’s ambition to become a major rice exporter again is facing numerous hurdles, not least of which is the problem of oversupply in the world market. Domestic media reported last week that Burma’s export earnings have already slumped about US$100 million so far in this financial year because of weaker harvests caused by poor weather. […]

Myanmar sees encouraging foreign engagement in agricultural sector

Myanmar has seen some encouraging foreign engagement in the development of its agricultural sector, in which foreign investment accounts for only 0.43 percent of the total. The International Fund for Agriculture Development (IFAD) recently granted 300,000 U.S. dollars’ aid to Myanmar to carry out project for agricultural development. The 18-month project from October 2013 to […]