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
September 5, 2017 by Thiha
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, […]
Filed Under: Latest News Tagged With: Bangladesh, Border Trade, Chin Shwehaw, China, Exports, HteeKhee, Imports, India, India via Tamu and Reed, Kanpiketee, Kawthoung, Kengtung gates, Lweje, Maese, Maungtaw, Ministry of Commerce, Muse, Muse border trade camps, Myawady, Myeik, Sino-Myanmar border trade, Sittway, Statistics, Thailand
Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP
July 12, 2017 by Thiha
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 […]
Filed Under: Latest News Tagged With: Agriculture development, agriculture sector, asean, Association of Southeast Asian Nation, Bangladesh, China, current economic situation, Dawei, domestic banks, economic development forum, Electricity Sector, Exchange Rate, export promotion, export revenues, FDI, Fisheries, foreign investment, foreign investors, garment Sectors, global cooperation, Global New Light of Myanmar, import, industrial development, international loans, International Markets, Japan International Cooperation Agency, JICA, Kyaukpyu, Laws, low-income households, mandalay, Mandalay Electricity Supply Corporation, master plans, Mawlamyine, mining, Myanmar, Myanmar Agricultural Development Bank, OECD, Pathein, private enterprise, private entrepreneurs, private sector, Regional Government, road transport infrastructures, Sittway, Small- and Medium-Sized Enterprises, SMEs, soft loans, Taunggyi, Tax Rates, tax system, Thailand, the Organisation for Economic Co-operation and Development, the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, traffic and urban problems, U Ye Min Aung, UMFCCI, Union Government, Vice-President, Yangon, Yangon Electricity Supply Corporation, Yangon Port
Economic opportunities in Rakhine State
May 22, 2017 by Thiha
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 […]
Filed Under: Latest News Tagged With: Agriculture and livestock zone, Alethankyaw beach, Bangladesh, cement, Chin, CITIC, clothing, consumer good factories, country, Crab, dried fish, Economic opportunity, eletrical parts factories, European, Foodstuff, foreign investments, fresh, fuel station, garment factories, gas, GIZ, government, guesthouse, hand pumps, hotel, India, investors, job, Kaladan, Kanyinchaung, Kilkata, Kisapanadi River, Kyaukpandu, Kyauktaw, lakes, Ltd, mandalay, Maungtaw, Mizoram, Moreh, motel, MraukU, Myanmar, Myanmar Private Limited and Conoco Phillips Myanmar E&P Pte. Ltd, Myanmar Simco Song Da Joint Stock Co., Myanmar Sustainable Aquaculture Program (MYSAP), Nayputaung quarry, Ngapali, Ocean, oil, Paletwa, plants, plastic goods, ponds, Ponnagyun, Ports, prawn, rails, rakhine, restaurants, rivers, Road, room, Sector, Sittway, storage, Taungup, Thailand, Thaing Chaung, Thazin Myay Trade Centre, Trade, Warehouse, Water Transport, Yangon
Japan grants US$ 501,075 for three school constructions and road upgrading in Rakhine and Mon States, Magway Region
February 23, 2017 by Thiha
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 […]
Filed Under: Latest News Tagged With: agricultural product, Aunglan, ay Yar Thi Ri Monastic Post Primary School, bamboo, classroom, furniture, Grassroots Human Security Projects (GGP), har Tha Na Yaung Chi Monastic Post Primary School, hospital, Japan, Kyaikmaraw, Magway, Mawlamyaine, Mon, Mr. Tateshi HIGUCHI, rakhine, Reinforced Concrete Construction (R.C.C.), Road, school construction, Shwe Ze Ti Monastic Post Primary School, Sittway, Tat Kone, Timber, us, villager
Licenses issued for more than 280 trawlers, 161 boats in Maungtaw Tsp to overcome fishing challenges
January 30, 2017 by Thiha
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 […]
Filed Under: Latest News Tagged With: Bangladesh, Department of Marine Administration, Deputy Director of the Maungtaw District Fishing Department, Fishing trawlers, licenses, Maungni, Maungtaw, Myanma Insurance, National Verification cards, Nyaungpingyi, Oxfam, Pauktaw, Police, rakhine, Sittway, Thayetchaung, the Department of Fisheries and Norwegian researchers, the Fisheries Department, the Journal of Burmese Scholarship, U Maung Myint, U Naing Win Thein, Yanbye, Yangon
Export value via border trade camp reaches US$ 0.492 million within more than two weeks
January 20, 2017 by Thiha
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 […]
Filed Under: Latest News Tagged With: Bangladesh, beauty salons, clothing, Electronic, export value, Fish, fishery, Foodstuff, household, In-charge of the Maungtaw trade camp, market, Maungtaw, prawn, rakhine, shrimp, Sittway, U Khin Kyaw Myint
Air KBZ to Operate International Flights to Chiang Mai
November 17, 2016 by thiha
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 […]
Filed Under: Latest News Tagged With: Air KBZ Flight, Air KBZ Plans, Assistant General Manager Daw Aye Mra Thar, Chiang Mai, Dawei, Heho, Kalay, Kawthaung, Lashio, Loikaw, mandalay, Myeik, Myitkyina, Nay Pyi Taw, Nyaung U, Sittway, Tachileik, Thailand, Thandwe, The Myanmar Airlin, Yangon to Chiang Mai
S. Korean bank to aid Myanmar IT project
March 20, 2015 by thiha
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 […]
Filed Under: Latest News Tagged With: Dawei, Economic Development Cooperation Fund, Export-Import Bank, Kawthoung, Magway, mandalay, Myanmar, Myanmar Ministry of Communications and Information Technology, Myitgyina, Official Development Assistance and Korean International Cooperation Agency, S. Korean Bank, Sittway, South Korea, Taunggyi, Yangon
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