Prawn farming extended as 90% of marine resources off Myeik archipelago depletes

As 90 percent of marine resources in the sea of Myeik archipelago is depleting in Taninthayi Region, prawn farming is being extended, said entrepreneurs. Local businesspeople have to pay greater attention to farming so that their businesses will not stop operation due to marine resource shortages caused by overfishing in the sea. The extended farming […]

Myanmar to Get Better Profit-Sharing Deal in Rakhine Port Project

Myanmar is set to receive a greater amount of the profit-sharing in a $7.2 billion deep-sea port development project in the town of Kyaukphyu in western Rakhine state, though negotiations with the main Chinese investor are ongoing, a commerce ministry official said Monday. A consortium led by CITIC Group Corporation Ltd., China’s state-owned investment company, […]