SMEs in Myanmar struggle to survive COVID-19 pandemic

Small-and medium-sized enterprises have been especially hard hit by the COVID-19 pandemic, according to an industry group in Yangon. “We plan to release data showing our members’ difficulties,” said U Min Thu, secretary of the Yangon MSME Association. Small businesses have been closed since early September, which has damaged their chances to make a profit, […]

Production levels at Myanmar’s Yetagun gas field declining fast

Malaysian oil and gas company Petronas has started reducing the number of workers at the Yetagun offshore gas field in Myanmar since the first week of September, an employee of the company said. The employee, who spoke on condition of anonymity, said the number of workers at the field will also be reduced in December […]

ActionAid to help spur seed production in several areas

The Agriculture, Livestock and Irrigation Ministry has linked up with ActionAid Myanmar to carry out seed production and help businesses in central plain tropical zone and Ayeyarwady Deltaadapt and ensure climate change. “We will mainly carry out seed production and agricultural techniques in Ayeyarwady Delta and tropical zone by inviting experts from ActionAid and exchanging […]

Sugar production to be delayed this year, insiders say

Sugarcane crushing, which normally starts every November in sugar mills in Myanmar, will be postponed to December this year, an industry insider has revealed. Sugar prices have been dropping over the last year even uncommon weather conditions have delayed the harvesting of sugarcane. This has led to the postponement of the crushing process by a […]

Car makers up local production despite challenges

Car makers in Myanmar have been increasing production of locally assembled automobiles in response to higher demand. Suzuki Myanmar Motor Co Ltd this year produced 15,000 vehicles compared to 12,000 in 2018, representing a 25 percent increase in year-on-year production, the company said. “We are more producing more brand new motors based on our factory […]

Myanmar earns about US$3.5 B from natural gas export

Myanmar earned about US$3.5 billion from natural gas export within 11 months in this fiscal year and earned over US$430 million more in the same period in the last fiscal year, said an official from the Ministry of Commerce. Myanmar is producing 3.32 million barrels of crude oil and 623 trillion cubic feet of natural […]

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 […]