Myanmar Prawn Exports Could Reach $1bn a Year With Help of New Strains

​​ Exports from Myan­mar’s ailing prawn industry could be worth $1 billion per year by 2022 if it adopts a dis­ease resistant strain of the crustacean from Hawaii in the United States, ac­cording to industry lead­ers. U Kyaw Tun Myint, chairman of the Myan­mar Shrimp Association, said at an industry meet­ing last month that My­anmar […]

AFC President strengthens partnership with MFF

Yangon: Shaikh Salman bin Ebrahim Al Khalifa, the Asian Football Confederation (AFC) President, made his first trip to Myanmar this weekend to visit Zaw Zaw, President of the Myanmar Football Federation (MFF), in the capital, Yangon. Shaikh Salman told the President and members of the MFF that the AFC is committed to building strong ties with its members under the […]

Transportation and communication sector receives largest investment

Out of 93 investment businesses, the transportation and communication enterprises have received the largest investments as of the end of October in this fiscal year, it is learnt from the Directorate of Investment and Company Administration (DICA). The transportation and communication sector is placed at the top with an investment of US$1,014.48million, followed by the […]

Fish and prawn breeders required to adopt new breeding methods to enhance sector

Businessmen who are engaged in fish and prawn farming should adopt new techniques to enhance the sector, said U Win Kyaing, the general secretary of the Myanmar Fish Federation (MFF). MFF and non-governmental organisations have encouraged fish and prawn breeders to practice new breeding methods and discard the traditional methods. The aquatic resources in Myanmar […]

Influx of illicit Thai carp takes a bite out of Myanmar’s fishing industry

Yangon, June 29 – the influx of illicit carp into Myanmar from neighbouring Thailand is hurting domestic fish farming enterprises, according to the Myanmar Fisheries Federation (MFF). Approximately 6,000 viss (9,780 kgs) of carp arrives at Yangon’s central fish market everyday through unofficial channels via the Myanmar – Thai border town of Myawady. “We’ve been […]

Gov’t to Offer Up to $5k to Fish Breeders; Eyes the Elusive $700m from Exports

The government will offer loans of up to K5 million ($5,000) to breeders interested in entering the aquaculture industry in a bid to counteract the sliding domestic fishing industry and collapse in catch-sizes due to over fishing. The loan can now be used to offset prohibitive costs of brick or soil for fish tanks, which […]

Myanmar Bans Foreign Fishing Boats From Its Waters

YANGON — Myanmar has banned foreign fishing vessels from its waters as of the beginning of April amid concerns about overfishing, an official from the Myanmar Fishery Federation (MFF) said. “Fish and other marine resources in our waters were declining. So [Myanmar] banned foreign fishing boats from fishing in our waters to prevent that,” said […]

Ooredoo pledges to support Myanmar Football Federation

YANGON—Qatar’s Ooredoo today announced that it will become an official partner of the Myanmar Football Federation (MFF), said Ross Cormack, chief executive officer of Ooredoo Myanmar. “We are proud to show our support towards the Myanmar Football Federation and Ooredoo is committed towards building sports and sportsmanship across the country. Football brings the entire nation […]

Investors avoiding fisheries

Foreign investors are staying away from Myanmar’s fisheries industry due to a lack of infrastructure and the prospect of prolonged returns, experts said. According to figures released last week by the Directorate of Investment and Company Administration (DICA), the fisheries and livestock sector has attracted just US$347.474 million between 26 companies, representing a mere 0.79 […]