fbpx

More foreign investments now likely in pearl farming industry

The Myanmar Pearl Law has been amended for the second time to allow foreign direct investments (FDI) in the sector, U Min Oo, managing director of the Myanmar Pearl Enterprise, told The Myanmar Times. According to U Min Oo, the pearl production sector is now among the extraction sectors that will be open up to […]

Representatives call for review of SOE law

Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-owned enterprises (SOEs) with public funds. A total of 17 out of the 26 Myanmar SOEs under the Union budget are expected to turn a profit in 2018-19, commencing October 1, according to the Ministry of […]

Pearl islands in Myanmar’s southern region to open for visitors

Some 15 islands in Myeik and Kawthoung, Myanmar’s southern coastal Tanintharyi region where pearl farms are located, will be open to visitors in October, the official Global New Light of Myanmar reported Sunday. The 15 islands accommodate a state-owned and 11 private pearl farms. Tourist vessels are not allowed to enter into the pearl farming […]

Myeik Archipelago plans to culture golden pearls as commercial scale

MYEIK- Plans are underway to produce golden pearls which are very popular among the international countries, in Myeik Archipelago, Taninthayi Region. Moreover, the 6th Pearl Expo will be held in Hong Kong from February 23rd to 25th. Myanmar Pearl Production and companies from home and abroad are now culturing the pearls which were keen on […]

Myanmar’s golden pearls outshine rivals

NAYPYITAW — Hillary Clinton wears them, and so does Aung San Suu Kyi. They nearly disappeared for decades under military rule, but the world’s most sought-after pearls are once again to be found in Myanmar. Two international auctions this year — in Hong Kong in March and Naypyitaw in late June — saw traders bid […]

Myeik island developer runs into Japanese pearl farm

A local developer’s plans to build an island resort in the Myeik Archipelago have been blown out of the water by the Myanmar subsidiary of Japanese pearl giant Tasaki, which claims the project would impact its farming area. Myeik Public Corporation has been trying for the past two years to secure Myanmar Investment Commission approval […]