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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 […]

Myanma Petrochemical Enterprise to invite Expression of Interest (EOI) for Joint Venture Project of No.3 Fertilizer Factory (Kyawzwa); Closing Date: May 4th,2015

Subscribe to our tender alert mailing list The Republic of the Union of Myanmar Ministry of Energy Myanma Petrochemical Enterprise Title: Request for Letter of Expression of Interest (LOEI) for Joint Venture Project of No.3 Fertilizer Factory (Kyawzwa) 1. The Myanma Petrochemical Enterprise, Ministry of Energy of the Republic of the Union of Myanmar hereby […]

Melon market bounces back

Seesawing melon prices are on the up again, thanks to a combination of falling production and rising demand in advance of the Chinese New Year. Honeydew prices are expected to climb to 5.5 yuan (US$0.88) per kilogram, up from a low of 1 yuan at the beginning of the year, say officials from the Myanmar […]

Local energy projects will continue despite oil price collapse, say experts

International companies will not shy away wholesale from Myanmar exploration and production projects despite a collapse in global crude oil prices, according to experts. A panel discussion at the 5th Myanmar Oil and Gas Conference in Yangon on January 29 discussed the possibility that industry players may pull back on investment plans. While Myanmar is […]

Myanmar sets annual limit on future timber demand

YANGON, Dec. 29 (Xinhua) — Myanmar has set an annual limit of 1.16 million tons of timber for future demand despite annual increase in both local and foreign consumption out of growing number of construction projects, according to the state-run Myanmar Timber Enterprise (MTE) Monday. The MTE said logging in 2013-14 fiscal year totaled 925,050 […]