New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

MIC Offers Land for Construction and Fish Farms

​​ Construction developers and fish breeders can submit their proposals to the Myanmar Investment Commission (MIC) to hire government-owned land, according to Kyaw Win, minister for planning and finance. The MIC would serve as a focal point for entrepreneurs and coordinate the availability of land with region and state governments after receiving proposals, said Kyaw […]

EU helps Myanmar boost aquaculture production, exports

The European Union is helping Myanmar boost aquaculture production and exports by providing training courses as part of EU Myanmar Trade Development Program, according to a press release of the EU Delegation to Myanmar Saturday. The aim of these activities and trainings is to promote the sustainable development of Myanmar’s fishery sector and install a […]

Poultry Farmers Want Gov’t to Limit Chicken Imports

Local poultry farmers want government to limit the import of chickens in order to keep local farmers competitive, according to the Myanmar Poultry Business Association. “We don’t want local businesspeople to suffer. Foreign chicken imports should be limited. If Myanmar imports too much, the local market will get affected. I intend to protect this,” Dr […]

EU to provide aid for aquaculture development in Myanmar

EU to provide aid for aquaculture development in Myanmar YANGON, June 3 (Xinhua) — The European Union (EU) will provide 20 million euros (over 22 million U.S.dollars) in aid for the development of aquaculture sector in Myanmar, sources with the Ministry of Livestock, Fisheries and Rural Development said Wednesday. In addition to the cash assistance, […]

Ocean fisheries to be closed on June 1 for three months

OCEAN fishing will be suspended from June 1 to the end of August to allow depleted fish stocks time to recover, according to a statement from the Ministry of Livestock, Fisheries and Rural Development. The suspension had been proposed by U Kin Sein, member of parliament from Tanintharyi Region, in February, and was subsequently approved […]

Fishery sales keep slipping away

U YAQOUB says there is no question whether the fish business is in crisis. A 50-year-old resident of Kyimyindaing township, he employs two regular workers to meet local demand for the important protein source. He meets with brokers representing fish farms, negotiates the price and finalises orders. When the fish arrive, they are weighed and […]

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 […]

Sliding scale: Fish exports slip away

Fish industry exports are likely to fall further this year as both over-fishing and under-investment continues to bite, officials from the Myanmar Fishery Federation (MFF) warned. Although the easing of sanctions opened up EU and US markets to exports, the industry cannot make the necessary investments in fish processing and refrigeration that it needs if […]

Central Bank notes caution on foreign banks

Central Bank of Myanmar vice governor U Set Aung appeared to back off a previously discussed timetable to allow foreign banks in to operate in Myanmar, declining to confirm plans to allow foreign banks to begin operations in 2014. Foreign banks will be allowed to offer services in Myanmar eventually but the timeline is still […]