Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Three 100-Ton Bran Oil Plants to Be Built in Myaungmya, Kyaiklat and Yangon

Three 100-ton bran oil plants will be built in Myaungmya, Kyaiklat and Yangon this financial year, Ye Min Aung, the managing director of Myanmar Agribusiness Public Corporation, said. “In the 2017-2018 fiscal year, three 100-ton bran oil plants will be built in Myaungmya and Kyaiklat from Ayeyawady Region and Twantay from Yangon Region. The investment […]

Eel cultivation experiment to sell larvae in February

The traditional catching of eels in Myanmar has resulted in a decline in the eel population, so eel hatcheries will be experimenting to locally produce the larvae of eels in Feb 2017, according to eel cultivators. The eel market will flourish if eels can be locally cultivated, making for a profitable venture considering the high […]

Public transport to be prioritised in Yangon urban development plan

Changes are planned on the ground, on the water and on the rails. To improve public transport in Yangon, approximately eight public bus companies will be established, with Public Transport Control Center and Traffic Control Center to oversee the bus system. In addition, the circular railway system is will be upgraded. Also, bidding for the […]

Aquaculture in Transition in Myanmar

Introduction Fish farming (aquaculture) is important to Myanmar’s food security and is developing and transforming quickly. This study presents findings from a new field survey of the farmed fish value chain that is more detailed and broader than any previous study conducted in Myanmar. Many of our findings are at odds with what we perceive […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]

Myanmar Japan joint-venture company to manufacture rice and rice products

Japan based Mitsui & Co. Ltd. and Myanmar Agribusiness Public Corporation Ltd. (MAPCO) had permission in September last week to form Myanmar Rice Industry Co. Ltd. to produce rice and rice products. Directorate of Investment and Companies Administration (DICA) allowed the registration of Myanmar Rice Industry Co. Ltd. in September 27 and the launching of […]