Yangon to invest Ks 8 billion into agricultural sector

The Yangon Region Government has earmarked about Ks8 billion to spend on development of the mechanised agricultural sector in Yangon Region as part of a revitalization effort for farmland, said Yangon Region Chief Minister U Phyo Min Thein. “As far as the industry sector is developed in Yangon Region, it is found that the agriculture […]

Rakhine commerce minister sees bright future for black bean exports

​​ The Rakhine State commerce minister is hoping around 10,000 tonnes of black gram beans will be exported to India from Sittwe this year, pending completion of the Kaladan Multi-Model Transit Transport Project. The Kaladan project will connect Mizoram in India to Sittwe, the capital of Rakhine State, via the Kaladan River. The project was […]

Rakhine Farmers Caught Between Falling Prices and Rising Labour Costs

​​ Farmers associations in Rakhine State – one of the biggest rice producing regions in Myanmar – are calling for government aid amid falling prices, closing markets and a shrinking labour pool. But the state government says it does not have the funds or the expertise to help solve what it says is a nationwide […]

Export sector in this FY earns US$ 203.954million higher than that of last FY

Export value as of 2nd December in this fiscal year 2016- 2017 was US$203.954million higher than that in the similar period of last fiscal year, despite the decrease in income from manufacturing goods, minerals and livestock, according to the statistics of the Commerce Ministry. The value of exports as of 2nd December was US$7,364.164million, which […]

External trade value reaches US$17billion, over US$2700million in trade deficit

External trade value as of 2nd December in this fiscal year 2016- 2017 totaled US$17,521.102million, with US$2,792.774million in trade deficit, according to the Commerce Ministry. In the similar period of last fiscal year, the external trade value was US$18,209.307million with a trade deficit of US$3,888.887million. The trade value this year slumped by US$688.250million when compared […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

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 […]

Emerald Green Project exploited by those it sought to empower

The re-loaning of credit with interest by villagers, that originally received the credit from the Emerald Green Project, to residents in nearby villages has only heightened poverty in those areas, U Aung Naing Htun, Hluttaw MP for Danuphyu Township, stated during a session of Ayeyarwady Region Hluttaw. “Upon observation of those villages where the project […]

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 […]