Lack of storage for daily vegetables result in 40 per cent wastage

The vegetables across the country are flowing into the Yangon market, but the lack of storage for the perishable vegetables result in about 40 per cent wastage every day, said Daw Sandar Myo, the secretary of Myanmar Fruit, Flower and Vegetable Producers and Exporters Association. The Yangon market receives a daily inflow of vegetables from […]

Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

Myanmar Will Hit This Year’s Foreign Investment Target After All, Says DICA Official

Myanmar can reach its target amount of investment for this fiscal year despite a slow start that raised doubts the country would bring in the $6 billion projected by officials, the Directorate of Investment and Company Administration (DICA) has said. U Aung Naing Oo, DICA’s Director General, said that although approved proposals are down more […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Welcome to Mogok, Myanmar’s mysterious mining mecca

High in the hills of northeastern Myanmar, past a few sleepy army checkpoints on a stretch of road where mobile phones lose their signal, an ageing signpost set against a mountainous landscape reads: “WELCOME TO RUBY LAND”. This is the entrance to a little-known and seldom-visited town called Mogok, which is said to be the […]

BASF plant to produce construction chemicals in Myanmar

Germany’s BASF is building a plant in Myanmar to produce chemicals for the booming domestic construction industry, and to fill a need for more advanced materials. “As Myanmar’s construction industry grows more sophisticated in its scope, which includes high-rise buildings, roadways and bridges, the requirement for high-quality technical and construction solutions will increase,” said Christian […]

What the US can learn from Myanmar about infrastructure investment

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

Japanese investments expected to shift to Myanmar: DICA

Japanese government and many Japanese companies are becoming interested in making investments in Myanmar as Japanese companies are looking into shifting their investments from Thailand, according to the Directorate of Investment and Company Administration’s press release. The DICA has drafted a 20-year Foreign Direct Investment Promotion Plan, which includes ‘China plus one’ and ‘Thailand plus […]

MAPCO courts investment for agri-industry park

​​ Myanmar Agribusiness Public Corporation (MAPCO) is building the first of several planned agricultural industrial parks in Ayeyarwady Region aimed at attracting foreign and local investment into agriculture and agri-business. U Ye Min Aung, MAPCO’s managing director said the Myaungmya township-based project is small-scale but innovative. Basic infrastructure including roads, a jetty and an electricity […]