Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh. The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union […]

Border trade down by $165 million

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Japan grants US$ 501,075 for three school constructions and road upgrading in Rakhine and Mon States, Magway Region

Ambassador of Japan to Myanmar, and Chairpersons of the Construction Committees from States and Region Mr. Tateshi HIGUCHI concerned signed the grant contracts for four projects on Monday. Japan’s Grant Assistance for Grassroots Human Security Projects (GGP) Scheme will provide a total of US$ 501,075 to the project for construction of Shwe Ze Ti Monastic […]

Licenses issued for more than 280 trawlers, 161 boats in Maungtaw Tsp to overcome fishing challenges

Despite resumption of fishing which was suspended following deadly violent attacks in November and October and November last year, fishermen in Maungtaw District, Rakhine State, are facing challenges for nearshore fishing at night due to curfew order and labourers who have not yet received the National Verification cards. “More than four-month ban on fishing has […]

Export value via border trade camp reaches US$ 0.492 million within more than two weeks

The export value to Bandaladesh through the Maungtaw border trade camp, which was opened on 24th December after shutting down following violent attacks in November and October, has reached a volume worth US$ 0.492 million in the first 17 days of January. The camp saw exports resume on 1 January with a flow of fishery […]

Air KBZ to Operate International Flights to Chiang Mai

Air KBZ plans to launch its first international route on 2 December, when it will begin thrice-weekly flights from Yangon to Chiang Mai, Thailand, said Assistant General Manager Daw Aye Mra Thar. The Myanmar airline planned to begin the new flight in November, but could not do so because of negotiations with Thailand authorities. A […]

S. Korean bank to aid Myanmar IT project

YANGON, March 19 (Xinhua) — South Korea’s Export-Import Bank will assist Myanmar’s IT infra-network expansion project by providing a loan of about 56 million U.S. dollars to the project, official report said Thursday. The loan will be disbursed by South Korea’s Economic Development Cooperation Fund to pay for expansion of high-speed fiber links between Taunggyi […]