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Pig, pork product imports remain suspended as swine fever continues to spread

Myanmar continues to restrict imports of pigs and pork products following an outbreak of African swine fever (ASF) in neighbouring China and other countries, according to the Livestock Breeding and Veterinary Department under the Ministry of Agriculture, Livestock and Irrigation. The department has temporarily suspended transport and trading of live pigs and pork products from […]

Myanmar’s black gold lures plucky oil drillers

As clouds of acrid, black smoke belched above the flames engulfing an artisanal oil field in central Myanmar, prospectors from nearby hillsides arrived in droves, hoping for riches from a fresh line of black gold. “The fire’s a really good sign — it means there’s lots of oil here,” Khin Maung Htay tells AFP as […]

Local coffee growers marginally hit by falling prices

A drop in global coffee prices has affected Myanmar’s coffee growers, says U Min Hlaing, secretary of Myanmar Coffee Association. Depending on the type of coffee, the price has dropped to around US$ 500 a tonne, he said. “The weather in Brazil, a major grower of coffee, was good last year so the country had […]

Civilians trapped as Myanmar rebels squabble over expected China boom

With artillery exploding around her village in Myanmar’s northeast, 70-year-old Nan Nyunt fled to a monastery, one of thousands of civilians trapped between rebel groups who are fighting for influence as a China-driven economic boom looms. “Houses were on fire and a buffalo died,” she told AFP, huddled on the floor with other elderly displaced […]

MoneyGram and MCB announce money transfer services

MoneyGram and Myanmar Citizens Bank (MCB), have announced an agreement to provide money transfer send services at every MCB bank location in Myanmar. According to a statement, consumers can send money from 42 branches to any MoneyGram location in more than 200 countries and territories worldwide. In celebration of the new agreement, MoneyGram is offering […]

More investments needed for expansion in food-processing industry

The Myanmar processed food industry needs more investment support in order to develop further, U Aye Win, chair of the Myanmar Food Processors and Exporters Association, told The Myanmar Times. Currently, Myanmar processes basic raw commodities such as rice, beans, maize and other agricultural products. Excess products are exported. However, the country also imports value-added […]

Myanmar should develop domestic production to grow local economy: Czech Republic

Myanmar should enhance domestic production and develop its local markets, says Martin Tlapa, Deputy Minister for Foreign Affairs of the Czech Republic, during a talk entitled “Economic Transition: The Czech Experience and its Relevance for Myanmar” last week. In sharing appropriate approaches with Myanmar, Mr Tlapa said Myanmar should enhance the production of domestic products […]

Wartsila signs Myanmar gas engine plant deal

Wärtsilä has signed a five-year operation and maintenance deal for a 145 MW gas engine plant it is building in the Mandalay region of Myanmar. The Kyaukse plant is powered by eight of Wärtsilä’s 50SG gas engines and is being built on a fast-track basis to alleviate electricity shortages in Myanmar. The plant’s electricity will […]

Myanmar’s digital game changers

According to We Are Social, Myanmar counted 18 million internet users in 2018. Internet penetration in the country continues to rise at an impressive pace. This growth is driven by the massive adoption of new digital services that aim to make life better in Myanmar. They are global or at least regional phenomena. These tech […]

Daewoo Service Centres will be opened in 3 major cities

Daewoo Bus Myanmar Company managing director Dr. Kyaw Kyaw Aung said that the company would open service centres for the domestically manufactured vehicles, in Yangon, Mandalay and Naypyitaw. “We have established a service centre in Htaukkyant, Yangon and we have a plan to open more service centres in Mandalay and Naypyitaw,” Dr. Kyaw Kyaw Aung […]