Fast-Growing Coffee Sector Looks for Extra Shot of Support From Government

YANGON— Myanmar’s coffee market is growing robustly, with the country’s beans attracting increasing interest in international markets as well as locally, industry sources said. U Min Hlaing, secretary of the Myanmar Coffee Association, said demand for Myanmar coffee has surged in the past few years and it is now being exported to more than a […]

Central rubber market to open after legislation

A central rubber market will open in 2019 after the new Rubber Law has been enacted, U Khaing Myint, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. The drafting is expected to complete by late this year and, as the parliament is unlikely to have lengthy discussions, the bill […]

Chinese demand for Myanmar cotton could surge on trade war with US

China, the world’s largest importer of cotton, has been eyeing Myanmar-produced cotton with much greater interest in the wake of its trade war with the US, local cotton growers have told The Myanmar Times. China has imported cotton from the US for the past 10 years. Last month though, US President Donald Trump imposed $50 […]

Chinese manufacturers eye Myanmar base as trade war escalates

Myanmar stands to gain from the ongoing trade spat between China and the US, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said yesterday. Interest to set up manufacturing and production facilities in Myanmar among the Chinese has risen ever since the US this month imposed a […]

China suspends rice imports from Myanmar after bank freezes

] Chinese merchants have suspended its rice imports from China-Myanmar border after a freeze on bank accounts of merchants, said Than Oo, secretary of Bayintnaung Rice Brokerage Center. “Rice prices remain unchanged as China has suspended rice imports from Myanmar. Rice prices will go up when there are high demands from China. Rice trading is […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Myanmar to construct national water resources committee headquarters with World Bank loan

YANGON, June 13 (Xinhua) — Myanmar has borrowed 10 million U.S. dollars’ loan from the World Bank to construct the headquarters of the National Water Resources Committee (NWRC) , the official Global New Light of Myanmar reported Wednesday. Along with the headquarters, a hydro-informatics center will also be built, Dr. Khin Ni Ni Thein, secretary […]

Myanmar permits full foreign capital investments in education sector

The Myanmar Investment Commission (MIC) has permitted foreigners to make full capital investments in private schools in Myanmar, according to Notification 7/2018 issued by the MIC on April 20. This means foreigners will now be able to fully own and operate private schools teaching a curriculum prescribed by the Ministry of Education (MOE) or an […]

Is Hong Kong ready for return of domestic helpers from Myanmar?

More than three years after Myanmar stopped its citizens from working as domestic helpers in Hong Kong, a local lawmaker is paving the way for their return – but this time as nursing carers looking after the city’s growing elderly population. The drive, initiated by Liberal Party lawmaker Felix Chung Kwok-pan, is seen as the […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]