Demand still lacking despite urgent need for storage facilities

Despite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]

Myanmar Aims to Increase Exports of Rice Husk-to- Biomass Products

Some Myanmar businesses are hoping to receive technical and financial support from the government to convert rice husks into biomass products for export purposes. Rice husks are the hard protecting layers covering each grain of rice. These are discarded during the rice milling process and can be converted into building materials, fertilisers, insulation material or […]

Central Bank allows foreign banks to provide export financing

Foreign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain access to working capital, was announced Monday by the CBM and welcomed by the business community. “In the trading sector, the local banks are not able to provide […]

Millers, merchants urge illegal China-bound rice be stanched

The illegal outflow of rice via China’s border routes needs to be addressed through existing policies, regional rice-mill associations and local rice merchants have told the government. The export of rice without licence via Muse and Lwejel regions along the border with China, they said. Many bags of rice are being smuggled out of the […]

Japan shows little interest in investing agriculture sector

Japanese businesspeople have not shown much interest in investing Myanmar’s agriculture sector, according to a statement made on the sidelines of the 13th Joint Meeting of the Myanmar-Japan CCI Business Cooperation Committee. “The Myanmar-Japan cooperation committee has held its 13th meeting,” Dr Soe Tun, vice president of Myanmar Rice Federation, told the reporters. “However, Japan […]

Yangon looks to cut rice production

Military-appointed First Vice President Myint Swe meets business leaders in Yangon. The Yangon regional government is holding discussions with the Ministry of Agriculture, Livestock and Irrigation about growing other crops in 1.2 million acres of paddy fields, said the region’s Chief Minister Phyo Min Thein on September 23. “We are drafting a master plan for […]

Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh. The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union […]

Crop Insurance System Expected to Launch This Fiscal Year

A coordination meeting on the introduction of insurance services for farmers and fishers was held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on August 19. In a Facebook post, Myanmar Rice Federation (MRF) general-secretary Ye Min Aung said: “The nod given by the Myanmar Insurance Business Supervisory Board […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

Can the central bank’s new guard save businesses in Myanmar?

Among the nominees for deputy governor are economist and retired Budget Department of the Ministry of Planning and Finance officer U Soe Thein, incumbent deputy governor U Soe Min and existing member of the board U Bo Bo Nge. Meanwhile, the newcomers to the Board include former deputy director general of the Union Attorney General’s […]