Myanmar’s beach destinations to watch

Myanmar’s four key beach destinations – Ngapali, Kawthaung, Ngwe Saung and Chaungtha – are emerging as up-and-coming tropical getaway spots in Asia, each with its own distinct characteristics. According to C9 Hotelworks’ new Ngapali Beach Tourism Market Review, the impact of more airlift to Ngapali’s main gateway of Thandwe last year pushed growth up 28 […]

Rakhine airport in Myanmar to be built by tender

The Rakhine State government will invite tenders for the construction of an airport in Mrauk-U, State Planning and Finance Minister Kyaw Aye Thein said. He told the Myanmar Times that the decision to put the airport project out to tender was due to insufficient funds in the state’s budget which allocated K2 billion a year […]

Myanmar govt body suggests setting up garment units in Sittwe

The Myanmar Investment Commission (MIC) has suggested that apparel stitching factories be set up in Ponnakyun, Sittwe in a bid to create job opportunities for local people and also stop migration. MIC has recommended several fiscal incentives for companies interested in starting projects in Sittwe, to encourage investment in a less developed region. A MIC […]

India set to hand Sittwe port back to Myanmar

INDIA WILL hand control of Sittwe port back to Myanmar’s Rakhine State government in the second week of March, India’s ambassador to Myanmar Vikram Misri said. The port, which links the two countries, was built by India for ships with displacement of up to 20,000 tonnes to dock. Ships with displacement between 3,000 and 4,000 […]

Myanmar Citizens Bank Opens First Ayeyarwaddy Branch

​​ Myanmar Citizens Bank (MCB) opened its 23rd branch in January, in Pathein Township, the bank’s first branch in Ayeyarwaddy division. The Pathein branch is the 5th to open in the 2016- 2017 financial year following new branches in Mandalay, Pyay, Latha and Sittwe. “By opening new branches, the locals can access safe, secure and […]

Rakhine commerce minister sees bright future for black bean exports

​​ The Rakhine State commerce minister is hoping around 10,000 tonnes of black gram beans will be exported to India from Sittwe this year, pending completion of the Kaladan Multi-Model Transit Transport Project. The Kaladan project will connect Mizoram in India to Sittwe, the capital of Rakhine State, via the Kaladan River. The project was […]

Maritime Trade Value Declines While Border Trade Value Increases

The value of trade through normal trade as of 11th November in this fiscal year declined by over US$328.406 million, while value of trade through border area increased by US$ 390.421million, according to the statistics provided by the Commerce Ministry. The value of exports as of 11th November in the current fiscal year was US$4,234.941million […]

Border trade tops US$3billion, a rise from previous fiscal year

Border trade as of 14th October in this fiscal year 2016-2017 reached over US$3billion, which is higher compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. Border trade value from 1st April to 14th October in this fiscal year fetched US$3,790.3million, which is up from US$3,451.254million […]

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year […]

Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]