Government Commits to Long Term Aquaculture Development; Starts Dialogue on Issues

Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly. “The fisheries sector is one of the most important for our ministry, contributing to the protein needs of our […]

Korea Inc. Spies a Bountiful Market in Ride Sharing

The ride-sharing industry is a new battlefield for major conglomerates in search of new areas of growth. Samsung Electronics inked a strategic partnership with Grab, the top ride-sharing company in Southeast Asia, the company said Friday. It was Samsung’s first foray into the field. The tie-up is expected to allow Grab to improve its customers’ […]

MBA focus: China Dominates The Rise of Asian Business Schools

Are you thinking of taking an MBA programme? Since the FT’s complete Global MBA ranking 2018 was published this week, The Myanmar Times compiled the relevant analysis for our readers. Stanford snatched the top spot while Insead claimed second place, followed by University of Pennsylvania, Wharton and London Business School. The top 10 schools are listed below: 1   […]

Government Reaffirms Commitment to Labour Market Reforms

Representatives of the Myanmar government, employers, workers, civil society and international partners on Wednesday gathered for the third time since 2015 in a forum to discuss the progress and challenges faced in an ongoing effort to implement labour market reforms. Taking place in Nay Pyi Taw, the forum was held as part of the ‘Initiative […]

Myanmar’s Manufacturing Sector Attracts over 1.5 Bln USD of Foreign Investment in 9 Months

​​ YANGON, Jan. 19 (Xinhua) — Myanmar’s manufacturing sector attracted 1.55 billion U.S. dollars of foreign direct investment (FDI) in the first nine months of present fiscal year 2017-2018, according to the Directorate of Investment and Company Administration (DICA) Friday. It was followed by real estate sector with 1.06 billion U.S. dollars and other service […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

Businesses Are Still Investing Billions in Refugee Crisis-Hit Myanmar

As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest. Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned $3 billion coal-fired power plant in Kayin state bordering Thailand. […]

Vietnamese garment industry faces fierce competition from China, Myanmar

Competition in the world garment market is forecast to be stiffer, not only with China but also with countries such as Myanmar and Cambodia as they increase competitive pressures on Vietnamese products. The information was announced at a seminar on the prospect of garment exports in 2018 held in Ho Chi Minh City on November […]