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IFC, partners working toward boosting Myanmar rice industry

YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Myanmar tackles food safety in bid to boost agricultural exports

MYANMAR plans to improve food safety in a bid to boost agricultural exports and extract more value from a sector that accounts for 38 per cent of the country’s gross domestic product. Ye Tint Tun, director general of the Department of Agriculture, said exports of agricultural products made up 23 per cent of Myanmar’s export […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Yangon University is modelled on Oxford, but there are no dreaming spires

Walking around Yangon, though there are the affluent areas and fast food restaurants that exist in nearly all big cities, these areas are few and far between. Poverty pervades in this former capital city to a greater extent than in many of its Southeast Asian counterparts. The military regime, though removed in 2013, has had […]

UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

UK, Japan help in Myanmar’s urban planning

YANGON – Both seek greater involvement in infrastructure investment The United Kingdom and the Japan International Cooperation Agency have agreed to cooperate in an urban development planning project targeting Mandalay, Pathein of Ayeyarwaddy region and Mawlamyaing of Mon state. The six-month data collection survey of the regional cities started in January. The team consists of […]

UK provides $300m loan to boost exports to Myanmar

YANGON – The United Kingdom is seeking closer trade engagement with Myanmar, with US$300-million (Bt10.72 billion) in export financing to boost direct exports as well as drive infrastructure projects that require notable UK content. UK Transport Minister Lord Ahmad was here last Friday to unveil the export-finance facility, which will be extended directly to British […]