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New jade and gemstone policy expected to boost the industry

The government is drafting its first ever jade and gemstone policy with the help of the private sector and foreign institutions. When complete, the policy is expected to set consistent practices and guidelines for the jade and gemstone industry. It is also meant to help lawmakers form better by-laws and rules aimed at creating a […]

Myanmar’s food sector being transformed by investment in production and sustainability measures

A cleaner production and higher sustainability project for Myanmar’s food and beverage industry is bringing much needed transformation. Tha Bar Wa, a four-year project, it is being implemented by the World Wid Fund for Nature (WWF), in partnership with the Myanmar Food Processors and Exporters Association (MFPEA) and Savings Banks Foundation for International Cooperation (SBFIC). […]

Government Orders Cut in Teak Production, Bans Private Timber Operations

YANGON — The government has ordered timber production be reduced by 40 percent in the 2017-18 fiscal year, while banning private timber operations altogether, according to the Naypyitaw Forestry Department. The department will oversee the production of only 15,000 tons of teak and 350,000 tons of hardwood from forests across the country. According to the […]

State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

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 […]

Myanma Timber Enterprise to Respond to Danish Teak Sanctions

​​ Danish authorities have made a ruling to place injunctions on all seven Danish operators bringing Myanmar teak into the Scandinavian country. Myanma Timber Enterprise (MTE) has plans to respond to the sanctions placed on the entire Myanmar teak industry, according to U Khin Maung Kyi, deputy general manager (extraction) of MTE. “We will somehow […]

Government to Tackle Legal Timber Docs

Timber exporters are scrambling to respond to the conviction in a Swedish court of a company accused of importing Myanmar teak without sufficient proof that it was legally traded. The importer, Almatra Nordic, had been prosecuted under the EU Timber Regulation (EUTR), which bans placing illegal or high risk wood on the EU market. The company had […]

Gems Traders in Mandalay to Protest Decline in Jade Market

Gems traders in Mandalay plan to hold a protest tomorrow, calling on the government to take action to bolster the region’s slumping jade market. According to U Than Win, one of the protest’s leaders, the market for jade in Mandalay has been in decline for almost three years and now many traders are finding it difficult to […]

Mandalay trader petitions for mining halt

A Mandalay trader is circulating a petition calling for an immediate but temporary halt to jade mining and a revamp of export procedures, warning the Mandalay market could be headed for disaster if business continues as usual. The petition will shortly be submitted to a Regional and Union-level officials, with its main backer hoping it […]

All Remaining Jade Mining Licenses to Expire in 2018

RANGOON — The government has announced that all remaining jade mining licenses will expire in 2018, and licenses will only be considered for renewal after the completion of an environmental management plan for jade mining areas of Kachin State. With the government’s decision not to renew jade mining licenses, 310 mining companies operating in Kachin […]