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Timber production halved

The Myanma Timber Enterprise (MTE) will halve the annual limit for logging teak and hardwood from natural forests in 2019-20, producing just enough timber to meet production costs, U Ohn Win, Minister of Natural Resources and Environmental Conservation, said yesterday. He added that logging will be restricted to trees aged 30 years and above in […]

Monywa to produce electricity and fertilizer from waste

The Japanese corporation Fujita is conducting a feasibility study on implementing production of electricity and fertilizer from waste in Monywa, according to Kyaw Myo Win, chairman of Monywa Township Municipal Committee. The Osaka based Zaibatsu will provide 40 percent through its Myanmar branch while the remaining 60 percent will be provided by the regional government. […]

European car makers express interest in Myanmar

The Czech Republic has announced interest to assemble Skoda cars in Myanmar, U Thaung Tun, Union minister for Investment and Foreign Economic Relations, said last week. “The Czechs sold the Skoda in Myanmar in the past and now they’ve made an offer to start production here,” U Thaung Tun said at an investment promotion event […]

BPI and its new plant Inyaung

About 2 miles 5 furlong west of Hanmyintmo in central Myanmar’s Mandalay Region Kyaukse Township is Inyaung Village. Near the village is Myanmar Pharmaceutical Industry’s newest plant Inyaung. The new plant is situated on 31.57 acres of land. It was producing 3 types of disposable syringes, injections and intravenous solutions that are in much requirement […]

Farmed fish prices rise on lower production, higher feed costs

The inability to meet domestic demand for fish and a curb by fish farms on breeding has caused the price of farmed fish to rise, says Myanmar Fisheries Federation General Secretary U Win Kyaing. The drop in overall fish stocks to satisfy local demand has been made worse by the non-availability of wild-caught fish from […]

Nissin Electric shifting production to Myanmar from Thailand, Vietnam

Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some production processes from its factories in Thailand and Vietnam to cut labour costs in its contract manufacturing business. The company said early this week it will form a joint venture with Hosoda Holdings Co, a Japanese trader […]

Commercially proven gas reserves found in offshore Zawtika field

PTTEP Myanmar Asset, a subsidiary of Bangkok-based PTT Exploration and Production, has found commercially proven gas reserves at the M9 block of the Zawtika project located 300km southwest of Yangon in the Gulf of Mottama. The company’s General Manager Piya Sukhumpanumet said in a press release that one of the successful wells, Zawtika-24, has commercially […]

On the trajectory to seed exports

The demand for seeds is rising in Myanmar as farmers have switched to hybrid seeds which can give higher yields compared with traditional seeds. Now, Myanmar needs to boost production of quality seeds to cater to local demand and to become a seed exporting country. To get higher yields and incomes, our farmers need access […]

Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

Aug 19 Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the asset, an executive said in a statement on Friday. The U.S. oil major – the country’s largest […]