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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 […]

Still no Decision on Hotels in Bagan Zone

The government is yet to decide on what to do with the hotels in Bagan heritage zone, even as the UNESCO has been suggesting their relocation since 2013. “UNESCO suggested the transfer of the hotels and buildings in heritage zone to other places since 2013, but no action has been taken yet,” UNESCO’s national project officer […]

Rice farmers need government support: federation

Polices set by the new government will determine the success of Myanmar’s rice industry, which is in dire need of funding, according to the Myanmar Rice Federation. The agricultural staple will depend heavily on government support over the coming years, said MRF president U Chit Khine at the federation’s annual meeting on February 5, where […]

Apex to lend against farm permits

Myanmar Apex Bank will begin allowing farmers to access bank loans by using their work permit certificates as collateral, according to bank chair U Chit Khine. The Form-7 certificates were created with the 2012 Farm Land Law, functioning as a farmland work permit certificate for people with the right to farm a particular plot of […]

Hilton Worldwide Signs Agreement For Five Hilton Hotels & Resorts Properties In Myanmar

Hilton Nay Pyi Taw and Hilton Ngapali Beach Resort to open in October 2014 as first Hilton-branded properties in Myanmar Hilton Worldwide today announced the signing of management agreements with Eden Group Company Limited for five Hilton Hotels & Resorts properties in Myanmar. The partnership with Eden Group represents another significant milestone for Hilton Worldwide’s […]