Light Manufacturing to Lead Way in Foreign Investment

​​ RANGOON — Burma’s light manufacturing sector will lead the way in foreign direct investment in 2017 although investor concerns over the country’s infrastructure persist, according to the local business community. Foreign investors visiting in the last year had questions over energy supply, transport and land issues and heavy industry manufacturers are hesitant to invest, […]

Trade GSP Can’t Make Profit for Myanmar in Short Term

Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs under the Generalised System of Preferences scheme were to be […]

Myanmar Rice Market Encounters Challenges

The Myanmar rice market is being faced with many challenges in its attempt to enter the highly competitive international market. Concerted efforts need to be exerted by all the stakeholders who are engaged in supply chain and the officials concerned to maintain a stable price, to make a profit for those who are participating including […]

Survey aims to improve country’s farming businesses

A survey to get exact information about crop production will be conducted in over 300 townships across the country, according to the Ministry of Agriculture, Livestock and Irrigation. As part of its programme to promote the country’s agriculture sector, the new study will be conducted by the ministry in cooperation with the Myanmar Rice Federation […]

Myanmar Rice Federation and Sompo Japan Insurance Co sign for crop insurance

THE Myanmar Rice Federation (MRF) signed an MoU with the Sompo Japan Nippon Koa Insurance company on Tuesday at the Yangon Federation of Chambers of Commerce and Industry to implement a crop insurance system, the first to launch in upper Myanmar. Crop insurance plays an essential role in agriculture sector because the erratic weather is […]

Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]

Myanmar takes first steps to ramp up rice exports

Due to the region’s warm climate, double cropping or even triple cropping is possible in some areas. Not surprisingly, this helped make Myanmar one of the world’s top exporters, a position it held from the 1920s through the early 1960s But the military-led socialist regime that took the reins of power in 1962 tightened state […]

Rice bosses bemoan lack of investment

Myanmar’s agriculture sector faces development challenges and it received no significant inflows of foreign investment in the past five years, according to the Myanmar Rice Federation. The Directorate of Investments and Company Administration said agricultural foreign direct investment (FDI) was US$7.2 million during the 2015-16 fiscal year. The sector received US$138.8 million in 2010-11 and […]

Farmers call for urgent intervention as rice price plummets

The price of rice has fallen dramatically over recent weeks leading farmers to call for an urgent intervention by authorities. Farmers are struggling, U Thein Aung, chair of the Free Farmers Association, told The Myanmar Times. Prices began to fall when Indonesian buyers discovered pests in a shipment of rice from Myanmar, and refused to pay […]

Myanmar (Burma): Chinese rice body to open Yangon branch

The China Certification and Inspection Group (CCIG) will open a branch in Yangon next month, according to the Myanmar Rice Federation (MRF). It aimed to carry out quality inspection of rice due to be exported to China, the MRF said. Lu Maw Myint Maung, joint secretary of the MRF, said: Officials from the CCIG held […]