Myanmar Coffee Exports to Stimulate Agro Sector

The government has placed emphasis on the diversification of crops which have wide international markets access, in addition to paddy, and it hopes to increase coffee production. Union Minister for Agriculture, Livestock and Irrigation, Dr Aung Thu, said he hopes to increase the coffee acreage to 200,000 and exports to 60,000 tons by 2030. “During […]

Foreign Firms Allowed to Import Agricultural, Medical and Construction Materials

The import of seeds, fertilisers, hospital equipment and building materials by foreign businesses will soon be permitted for the first time, U Khin Maung Lwin, assistant secretary from Ministry of Commerce, told The Myanmar Times. Procedures to permit non-Myanmar firms to trade agricultural products and building materials have been ongoing, and negotiations with related ministries are […]

Pay Hike for Civil Servants Unlikely

Hopes for a pay rise this month will likely remain a pipe dream for civil servants, according to an official from the Ministry of Planning and Finance. The ministry official said no recommendation on increasing the salaries of civil servants had been made during the parliament meeting to discuss the Union budget, denying rumours that […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Water spinach plantations flourish in Mandalay

Water spinach, which is affordable and has many health benefits, are being planted on a commercial scale in suburban Mandalay. The number of local residents engaged in water spinach plantations has risen, allowing a worker to earn about Ks 5,000 a day. The growers form Ngwe Taw Kyeegon ward from Pyigyidagun Township supply the water […]

Myanmar moves to jump start coffee cultivation

Demand for coffee is booming in an increasingly caffeinated world, and although Myanmar is capable of producing international-quality product it has neglected the crop for years. But agricultural ministry officials are hoping to develop a coordinated strategy to ramp up production and connect cultivators with world markets. Myanmar has been growing coffee for years but in relatively […]

Illegal Chicken Imports Continue to Worry Mandalay Producers

Representatives from the Mandalay Livestock Federation (MLF) urged the Mandalay Regional Government to take actions against illegal frozen chicken import and control its trading in the market in Mandalay. “It is difficult to estimate the real amount of imported frozen chicken in the market because massive shipments are coming into the market. This really has […]

Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

Commerce ministry lightens licence regs

In another step toward smoothing and facilitating external trade, the Ministry of Commerce has announced plans to exempt over 250 commodities from the need for an import licence. The ministry’s assistant secretary, U Khin Maung Latt, told The Myanmar Times that the list of commodities would be published next month. “These are the first 267 commodity lines […]

Singaporean pest control firm optimistic on Myanmar

SINGAPOREAN firm Titan Pest Management foresees a bright business outlook for its pest control services, ready to first serve restaurants and hotels and help the public sector raise awareness for better hygiene. “People [in Myanmar] do not really know much about it [pest control],” Nicole Zycinski-Singh, co-founder and director of Titan Pest, said at a […]