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Suu Kyi stresses trade relations and investment on Nepal visit

During a visit to the Nepal Chamber Expo-2018 in Kathmandu, Myanmar State Counsellor Aung San Suu Kyi stressed the importance of trade between the two countries and talked about the opportunity of investing and doing business in Myanmar. The Myanmar State Counsellor is on a three-day official visit to Nepal. It is the first in […]

In race for influence with China, India investing more in neighbouring countries

India has sharpened its focus on development assistance for its neighbours, especially for high impact projects driven by local needs, as it finds itself in a race for influence in the region with China. An array of projects, ranging from the nearly $300-million Salma or Afghan-India Friendship Dam to the Rooppur nuclear power plant being […]

SKT provides energy-efficient cookstoves for Myanmar

South Korea’s leading mobile operator SK Telecom said Monday it would start providing cookstoves for Myanmar’s citizens to help improve environmental conditions under a partnership with the country’s government. This year, the company will supply a total of 54,000 energy-efficient cookstoves for households who live in dry areas of the country, helping to decrease the […]

Agricultural exports volume plummets by more than $70m

Agricultural exports from Myanmar, which is an agriculture-based economy, have declined in value by more than US$70 million compared to the same period last year, according to the Ministry of Commerce. During the two months of the transition period, while the volume of trade exceeded by up to more than $900 million compared to the […]

Alibaba buys Rocket Internet’s Daraz to expand its e-commerce empire into South Asia

Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz […]

Bangladesh Government plans to import 9000 MW of power by 2041

The Bangladesh government is planning to import 9000 megawatts (MW) of power from Bhutan, Nepal, Myanmar, and India by the year 2041. The initiation of ‘Cross Border Electricity Trade’ to increase cooperation among Saarc countries is going on in full pace. Though there have been many achievements in the production of electricity, in reality the […]

India explores “cheap power” sales to neighbours

India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term basis and wants state utility NTPCBSE -0.92 % to expand overseas, its power minister said on Tuesday. Indian companies such as Reliance PowerBSE 1.98 % Ltd and Adani Power Ltd have already signed agreements to supply power to Bangladesh, […]

Investments, Solutions Needed on Back of Black Bean Price Collapse

Despite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more investments are needed to support ailing farmers. While demand for mung beans and pigeon peas from China, Nepal and Pakistan has been able to […]

Prospects Improving in E-commerce

Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]

Local, Foreign Demand for Beans and Pulses Rises After India Stops Imports

Bangladesh, Sri Lanka, Pakistan and Nepal have replaced India as the main importers of Myanmar’s beans and pulses, U Min Ko Oo, Secretary of Myanmar Pulses, Beans & Sesame Seeds Merchants Association, said. After the Indian Foreign Trade Department said in August that it was restricting the import volume quota of black matpe, mung beans and […]