Government Steps in to Limit Re-Exports of Sugar

The Union Govern­ment is stepping in to control sugar re-export and call for invest­ment to help the industry get on its feet, according to U Kyaw Win, Union Minister of Planning and Finance. The Union Minister emphasized the need to stamp out re-export in favor of stronger national production and the pro­motion of value-added industries […]

Faster, easier loans for Mandalay SMEs

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Solar energy to power Maubin industrial park

Solar energy will be distributed at the recently opened Maubin Industrial Park, according to Ayeyawady Region government. The electricity infrastructure plays a vital importance for the development of industrial zone. The State still cannot supply sufficient electric power for the park. And so, the companies concerned are preparing to supply solar energy, said U Win […]

Southern Indian Merchants, Mandalay UMFCCI ink MoU

Southern Indian business concerns and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) of Mandalay have signed an MoU, linking merchants from both countries to explore opportunities. “The thrust of the MoU is to foster greater exchange of information linking merchants and to promote business to business connections. The agreement is […]

New Power Plant to be Established in Ayeyawady

THE AYEYAWADY Region government plans to build its own power plant capable of producing up to 50 megawatts of electricity with the aim of fulfilling the growing local energy demands in the coming summer. The current daily consumption of electricity in the region is 97 megawatts. It is estimated that the consumption rate is likely […]

Government temporarily closes large-scale Ayeyawady brewery

THE Yaung Ni Brewery, situated in Ayeyawady Region’s Myanaung Township, has been ordered by regional government to suspend its activities after the Brewery was found to be in violation of waste management regulations. The government’s directive comes following a surprise inspection to the brewery during which it was discovered they were polluting nearby streams and […]

Sugarcane, sugar law expected to develop sugar business

SUGARCANE growth and the sugar law is expected to help develop the sugar business and to enable sugar businessmen to survive for the long term, said U Win Htay, the vice chairman of Myanmar Sugar Development Public Co Ltd. Local sugar entrepreneurs are being faced with high costs of production and cannot compete with the […]

China sucks in Myanmar sugar

High demand from China is boosting Myanmar’s sugar exports, as world prices for the sweetener also increase on the back of forecasts of a global production deficit over the next two years. Traders estimate about 100 trucks a day are crossing the Myanmar-China border carrying sugar. So lucrative is the business becoming that even rice […]

Food processors push to allow sugar imports

Soaring sugar prices have prompted Mandalay food companies to appeal to the government for help. Myanmar Food Processors’ and Exporters’ Association (Mandalay) has asked the commerce ministry to allow the import of sugar, which has been blocked since the end of April. As world sugar prices have fallen, local prices have gone in the other […]

Taking aim at China’s fertiliser dominance

The price of Chinese-manufactured fertiliser has increased significantly in the last few months, with traders blaming a weakening kyat and increasing transportation charges. Since the beginning of March, the market cost of 1 yuan has gone from K156 to about K180, while transportation costs between the fertiliser factories and the Muse border gate has gone […]