Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

Sule Port premier port of Myanmar

Sule Port, the nation’s busiest sea port for rice, handles an average of 1.3 million metric tons of imports and 600,000 metric tons of export, annually. A total of 49,801 metric tons of rice were exported to foreign countries via Sule Port in current financial year. Sule is a major transit point for cement, timber […]

Japan grants US$ 501,075 for three school constructions and road upgrading in Rakhine and Mon States, Magway Region

Ambassador of Japan to Myanmar, and Chairpersons of the Construction Committees from States and Region Mr. Tateshi HIGUCHI concerned signed the grant contracts for four projects on Monday. Japan’s Grant Assistance for Grassroots Human Security Projects (GGP) Scheme will provide a total of US$ 501,075 to the project for construction of Shwe Ze Ti Monastic […]

Timber export volumes may fall when new regulation introduced

Export volumes may fall when new regulation introduced The MyanmarTimes has reported that a spokesperson from the Ministry of Natural Resources and Environmental Conservation, U Win Zaw, has said the volume of timber that can be exported is likely to decline beginning May this year. The news item says “Only timber cut from logs sold […]

Govt rejects China’s request for timber-based industrial zone in Myanmar

The Myanmar government has rejected China’s requests to purchase timber in log form under a tender system and to build a timber-based industrial zone in Myanmar, said Khin Maung Yi, the permanent secretary of the Ministry of Environmental Conservation and Forestry. Rumours have circulated recently about Myanmar signing an MoU with China to facilitate the […]

Container service to Yangon from Sept. 4

In yet another major development to make Visakhapatnam a container hub, Herbilan Shipping Pvt. Ltd, one of the leading players in shipping, will launch a feeder service connecting Visakhapatnam Port to Yangon in Myanmar from September 4. The new service will be launched from Colombo to Yangon via Visakhapatnam and back. It will be a […]

Gov’t Invites Tender for Log Sale

Myanmar has invited open tender for sale of teak and hardwood logs and sawn timber in Yangon, setting the date of the sale for Friday and next Monday, according to an announcement of the Myanmar Timber Enterprise (MTE). The forest products to be tendered include more than 1,240 tonnes of teak logs, 410 tonnes of […]

MTE to sell wood through open tender

Myanma Timber Enterprise (MTE) will sell more than 5,700 tonnes of logs and sawn timber through an open tender system. “At present more than 300,000 tonnes of timber have been sold out to Myanmar businessmen. According to the open tender system, the person who offers the highest price can buy the timber. Some businessmen saw […]

Myanmar sets annual limit on future timber demand

YANGON, Dec. 29 (Xinhua) — Myanmar has set an annual limit of 1.16 million tons of timber for future demand despite annual increase in both local and foreign consumption out of growing number of construction projects, according to the state-run Myanmar Timber Enterprise (MTE) Monday. The MTE said logging in 2013-14 fiscal year totaled 925,050 […]

Imported Timbers Key for Wood Processing Industry

The growth of Myanmar’s timber-processing industry will rely more on timbers imported from abroad than those produced domestically, industry insiders say. Despite heaving logging inside Myanmar, raw timber from outside of the country will ensure more profit for the timber-processing plants, which have increasingly received foreign investment, said U Bar Bar Cho from the Myanmar […]