Thailand becomes top corn export market for Myanmar

Thailand is now the top buyer of corn produced in Myanmar, with more than half of Myanmar’s corn harvest now being exported to its neighbour, said U Myo Thu, Deputy Director General of the Myanmar Trade Promotion Organisation. Corn to be used as industrial or animal feed is in high demand in Thailand. With exports […]

Household service providers in Myanmar among latest COVID-19 casualties

Providers of housekeeping and home maintenance services are among the latest casualties of the second wave of COVID-19 in Myanmar. Many have suspended their businesses in view of the spread of the virus in the past month. Demand for housemaids, cleaners, and other household service providers has collapsed and these businesses have also been suspended […]

Tourism companies and tour guides shift to other businesses

Myanmar Tourism Operators Association Chairman Naung Naung Han said that domestic tourism companies had to shift to other businesses such as the food industry since almost all tourism businesses had to be stopped in the wake of COVID-19 outbreak in the country. COVID-19 positive cases are surging in Myanmar and domestic airlines and express bus […]

Indian investors interested in Myanmar opportunities, but more govt support needed

Despite travel restrictions and other setbacks as a result of COVID-19, investors from India have shown a great interest in expanding into Myanmar and some have even proposed novel ideas on boosting business and trade between the two countries, said Sunil Seth, President of the India-Myanmar Chamber of Commerce (IMCC). Since international flights to and […]

Over 800 companies struck off register due to the absence of Annual Return

A total of 810 companies have been struck off the register as they fail to submit an annual return (AR) on the on- line registry system, MyCO, according to the Directorate of Investment and Company Administration (DICA). The DICA has notified any company which fails to submit its AR within 13 months will be notified […]

Feasibility study on Muse-Lashio-Mandalay railway project suspended despite MoU signing

Feasibility study on Muse-Lashio-Mandalay railway project has been suspended for uncertain area security despite MoU signing between Myanmar and China, said a source from Myanma Railways (MR). “Feasibility study has been suspended because of unsafe area security. We are waiting in Lashio. If the area security is safe, we will resume the project. We win […]

China’s New Economic Priorities Offer ‘Exit Strategy’ on Myitsone Dam

New financial constraints imposed by Beijing to deal with China’s bloated economy could lead to the controversial Myitsone hydroelectric dam project in northern Myanmar being quietly abandoned. The Naypyidaw government has been under pressure from China Power Investment Corporation (CPI) to lift a suspension of construction imposed in 2011 by President Thein Sein, but new […]

US Exim Bank Raises Hopes in Myanmar With Credit Offer

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]

Myanmar Chamber of Commerce Wants More Chinese Hydropower Investment

YANGON — Despite environmental and sustained public opposition, Myanmar’s main business federation has called for more Chinese investment in hydropower projects on the country’s rivers. Numerous plans have been announced to build major dams Myanmar’s two biggest rivers, the Irrawaddy and the Salween, and harness the huge amounts of potential energy on offer to address […]