Local investments in edible oil production needed to reduce import reliance

Yangon Chief Minister U Phyo Min Thein has urged edible oil merchants and businessmen to invest in the local cooking oil sector. As domestic production is not sufficient for consumption, Myanmar is forced to import cooking oil. As such, U Phyo Min Thein said boosting domestic production of edible oil is needed to reduce reliance […]

Government allocates funds for U Bein Bridge repairs

The Union government has stumped up almost US$200,000 for urgent repairs to Mandalay’s U Bein Bridge, a popular tourist attraction that some have warned is in danger of collapse. The Mandalay Region government will use the K227 million ($199,500) in funding to undertake major repairs at the teak bridge, according to Minister for Finance U […]