Nagaland Declaration’ released at NE Connectivity Summit

DIMAPUR, Sept 24 – Following wide-ranging discussions during the two-day 4th North East Connectivity Summit in Kohima, Deputy Secretary General, FICCI, Arun Chawla released the ‘Nagaland Declaration’ for connectivity-led development of the North East region.As per the declaration, the Summit, which concluded last night, felt the need to create a North East Implementation Agency to […]

Russia and Myanmar sign agreement on setting up Russian trade mission in Yangon

MOSCOW, September 27. /TASS/. Russia and Myanmar have signed an agreement on setting up Russia’s trade mission in Yangon, Economic Development Minister Maksim Oreshkin said following the second meeting of the intergovernmental commission on Wednesday. The mission will facilitate the expansion of trade and economic ties, as well as help organize international exhibitions on the […]

Global standards issued for local coffee producers

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Lotte Hotel to open chain in Myanmar next month

Lotte Hotel & Resorts, the hotel arm of South Korean retail giant Lotte Group, said Tuesday it will open its eighth foreign hotel chain in Myanmar next month, as it attempts to tap deeper into overseas market. Lotte Hotel & Resorts said the new hotel in Yangon, the former capital city of the Southeast Asian […]

Blockchain startup Everex secures seed funding and seeks more in token sale

Singaporean fintech startup Everex has just raised US$500,000 in seed funding from Chinese industrial conglomerate Holley Group. It hopes to add a substantial sum to that figure from its token sale, which kicks off today. Everex has developed an Ethereum blockchain-based online payments suite, which comprises cash transfer and micro-lending services, as well as an […]

As the World Moves to Renewable Energy, Myanmar Will Follow

YANGON — The government has been pushing plans for coal-fired power plants to address Myanmar’s great need for electricity. Renewable energy expert Hans-Josef Fell talks about how Myanmar can develop its energy plan. Fell is a former parliamentarian in Germany and the current president of the Berlin-based Energy Watch Group. The Myanmar government has been […]

Why the visit of Myanmar’s military chief is important to New Delhi

The commander-in-chief of Myanmar defence forces, senior general Min Aung Hlaing, is currently on an eight-day tour of India. He is visiting numerous cities such as Gaya, Varanasi, Ahmedabad and Vishakhapatnam and will meet several military and civilian leaders. On 14 July in New Delhi, he is scheduled to meet Prime Minister Narendra Modi, defence […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Mango Growers Call for More Education on Quality Control in a Bid to Crack International Markets

As potential foreign mango buyers de­scend on Myan­mar to check out the local produce amid a seasonal surge in demand, local growers say more educa­tion on quality control is needed if Myanmar man­goes are to gain a foothold in international markets like Europe. “Foreign delegations are coming to Myanmar to test the quality of My­anmar […]

Indian Government Considering Afghanistan, Myanmar’s Proposal to Boost Pharma Exports

NEW DELHI: India is examining a proposal from Afghanistan to help set up a manufacturing base for pharmaceutical products, along with another proposal from Myanmarto supply generic drugs, as part of its efforts to shore up declining exports. The department of commerce is closely examining Afghanistan’s proposal seeking India’s help in setting up a manufacturing […]