the US

Falling kyat may put pressure on foreign debt

September 7, 2018 by Thiha

The falling value of the Myanmar kyat versus the US dollar could make repaying external debt harder for the government in the coming fiscal year. In 2018-19, it is expected to repay K877 billion out of the $9 billion Myanmar owes to foreign creditors, according to the budget submitted for the period. That amount may […]

Filed Under: Latest News Tagged With: an economist, Central Bank of Myanmar, China, Chinese Yuan, Daw Si Si Pyone, debt management strategy, Debt Sustainability Analysis, deputy chair, director-general, economist Dr Aung Ko Ko, Euro, Exchange Rate, foreign creditors, Foreign Debt, foreign loans, future value, Government Treasury, IMF, IMF’s Special Drawing Rights, Japanese Yen, Joint Public Accounts Committee, Local Banks, long-term loans, market rate, medium term, Ministry of Planning and Finance, Myanmar kyat, Myanmar’s foreign debts, the US, U Aung Min, U Than Soe, US dollar, World Bank

Chinese manufacturers eye Myanmar base as trade war escalates

June 28, 2018 by Thiha

Myanmar stands to gain from the ongoing trade spat between China and the US, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said yesterday. Interest to set up manufacturing and production facilities in Myanmar among the Chinese has risen ever since the US this month imposed a […]

Filed Under: Latest News Tagged With: Beijing, China, Chinese companies, Chinese products, Deputy Director General, DICA, Directorate of Investment and Company Administration, Exports, foreign direct investments, garment manufacturer, Lu Thai Co, Myanmar, Myanmar-Korea Investment Promotion Seminar, Secretary, the US, Thilawa SEZ, Thilawa SEZ Management Committee, Thilawa Special Economic Zone, U Shwe Hein, U Than Aung Kyaw

Myanmar turns attention to Asian travellers as European markets decline

May 29, 2018 by Thiha

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]

Filed Under: Latest News Tagged With: Asean countries, Asian markets, Asian travellers, Bertie Lawson, Canada, China, European markets, Founder, France, Germany, Indonesia, Japan, Managing Director, May Myat Mon Win, Min Than Htut, Minister of Hotels and Tourism, Myanmar Tourism Marketing chairperson, Myanmar tourism players, North American market, philippines, Pro Niti Travel, Sampan Travel, singapore, South East Asian Countries, South Korea, Thailand, the Philippines, the UK, the US, U Ohn Maung, Vietnamese visitors, western visitors, Yangon International Airport, YIA

New technologies needed as prawn, shrimp exports dwindle

February 14, 2018 by Thiha

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

Filed Under: Latest News Tagged With: China, Department of Fisheries, Director of the Department of Fisheries, eu, Exports, farmed fisheries sector, Fishery Products, fishery resources, Hong Kong, India, Japan, Japan International Cooperation Agency, JICA, Local demand, local seafood, Malaysia, Myanmar coastal areas, Myanmar Fisheries Federation, Myanmar shrimp and prawn exporters, NADP, National Aquaculture Development Plan, Norway, prawn, shrimp, singapore, Thailand, the Ministry of Agriculture- Livestock and Irrigation, the US, U Kyaw Tun Myint, U Tun Win Myint, UAE, Vice Chair, Vietnam, white Vietnamese shrimp

Interbank cash transfers available with single ATM card next year

November 20, 2017 by Thiha

Money transfer services will be available through a single ATM card from next year onwards, U Mya Than, non-executive director and former chair of Myanmar Payment Union (MPU), told The Myanmar Times. With a single ATM card issued by any of the 23 local banks under the MPU network, users will be able to perform […]

Filed Under: Latest News Tagged With: ATM card, Ayeyarwady Bank, central bank, China, cooperative bank, digital and mobile phone penetration, domestic banks, educational programmes, email, fax, Financial inclusion, foreign countries, former chair of Myanmar Payment Union, Global Treasure Bank, Interbank cash, interbank market, Kanbawza Bank, mobile banking, mobile financial services, Money transfer services, MPU, MPU card system, MPU network, Myanmar banking and finance industry, Myanmar Times, non-executive director, the US, U Mya Than, U Soe Min, vice-chair of the Central Bank of Myanmar, Yoma Bank

Tariffs and policies: The crux of Myanmar’s power problem

August 16, 2017 by thiha

In 2017, Myanmar is projected to generate a maximum of 2,700 megawatts of electricity, up from around 2,500 MW in 2016, as the population expands and demand for power in the country continues to rise. Yangon, its largest city, is expected to generate almost half, or 1,300 MW of the country’s maximum electricity demand for […]

Filed Under: Latest News Tagged With: 2017 Myanmar Green Energy Summit, Asian Development Bank’s (ADB) Energy Sector Assessment, Aye Kyaw Kyaw, China, Germany, Japan, Japan International Cooperation Agency, Malaysia, Myanmar, National Energy Master Plan, Renewable Energy Association of Myanmar, secretary of the Yangon Region Electricity Development Management Committee, singapore, South Korea, the US, Yangon

What is single origin coffee and why you just know about the Shan State Kyauk Kuu Pyin

July 28, 2017 by Thiha

In the world of scotch whisky, the term “single malt” has a very special meaning, one that is often revered (perhaps to a fault) by both those in and out of the know. For better or for worse, the term has become synonymous with quality. The reverence attached to it is sort of silly; there […]

Filed Under: Latest News Tagged With: Bella Donovan, Blue Bottle Coffee’s green coffee buyer, Blue Bottle’s Habegger, Brazil, Burmese coffee, Cerrado Mineiro, Charlie Habegger, coffee companies, coffee shops, coffee world, Colombia, Costa Rica, Costa Rica Regulo de Rivas, Ethiopia, Ethiopia – Yirgacheffe, Ethiopian Yirgacheffe, experiment, exporters, farming cooperative, floral, food industry, French, Giant Steps, Grounds & Hounds Coffee Co. founder, Guatemala – Huehuetenango, harvest time, Illy master barista Giorgio Milos, Jordan Karcher, Kyauk Kuu Pyin, luxury, Mahara coop, mask flaws, mediocre-low quality, Mexican Chiapas, multi-dimensional coffee experience, Myanmar Shan State, Papua New Guinea, Peru, premium roasters, quality, Representatives, Rivas, San Isidro de El General, Shipment, single malt persists, single origin coffee, single origin Ethiopian, single-family farm, Sumatra Takengon Mahara, the coffee beans, the US, world of scotch whisky

As the World Moves to Renewable Energy, Myanmar Will Follow

July 26, 2017 by Thiha

YANGON — The government has been pushing plans for coal-fired power plants to address Myanmar’s great need for electricity. Renewable energy expert Hans-Josef Fell talks about how Myanmar can develop its energy plan. Fell is a former parliamentarian in Germany and the current president of the Berlin-based Energy Watch Group. The Myanmar government has been […]

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Only high-tech firms for hydro, coal power

July 3, 2017 by Thiha

Only companies and countries with access to the latest technologies and technologies which minimise environmental impact will be considered to take part in hydro and coal power projects in Myanmar, a senior official from the Ministry of Electricity and Energy told The Myanmar Times. “For electricity generation sources, we are planning to consider only the […]

Filed Under: Latest News Tagged With: Ayeyarwady Region, Coal Power, coal power projects, Dawei, Democracy Central Executive COmmittee member, foreign countries, Germany, globalization, high-tech firms, hluttaw, hydro, japanese, Karen, Kayin State, Kayin State Committee member, Kengtung, long-term maintenance, Low-cost energy sources, MATA, Ministry of Electricity and Energy, Mon, MOU, Myanmar Alliance for Transparency and Accountability, National League, natural gas power plants, Ngayokekaung, NLD’s central committee, Norway, poorer standards, power generation, social implications, socio-economic benefits, Tanintharyi, Technology, Thai company, Thanlyin-Kyauktan project, The Memorandum of Understanding, the Ministry of Natural Resources and Forestry, The Myanmar Times, the UK, the US, TTCL coal power plant project, U Saw Mi Pway Do, U Win Htein

Myanmar: Time for a Sovereign Rating

February 6, 2017 by Thiha

“After two years of strong economic growth and macroeconomic stability, Myanmar faced a more difficult economic environment in 2015-2016. Economic growth declined, but remained strong, at 7 percent during the period, compared with 8.5 percent in 2014-2015” that was according to the World Bank’s May 2016 edition of the Myanmar Economic Monitor published as a […]

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