Myanmar to launch TradeNet 2.0 system in January

Myanmar is aiming to fully implement the newly upgraded TradeNet 2.0 system by January 2021, said Minister of Commerce U Than Myint during the launch of the online trade platform on November 12. When the system is fully implemented, traders will be able to apply for export/import licenses online. The upgraded e-licensing system is expected […]

Myanmar to Establish Credit Guarantee Corporation

Union Minister of Planning, Finance and Industry U Soe Win revealed during a January 22 meeting with local micro, small and medium enterprises that the ministry is working to form a credit guarantee corporation to help MSMEs get access to financial services. The ministry is working in collaboration with the Central Bank of Thailand to […]

Kevin Fitzsimmons: Myanmar’s aquaculture potential on par with Thailand

The Government of Myanmar has targeted Aquaculture as a solution to widespread malnutrition and rural poverty in the Southeast Asian nation. With its 2,000 kilometers of coastline, Myanmar has the potential to reach the production levels of its neighbor, Thailand, as a seafood Producer, according to Kevin Fitzsimmons, a professor in the Department of Soil, […]

Myanmar urged to develop microinsurance for the poor

Insurance services in Myanmar need to reach out beyond the existing clientele to support households with lower incomes to manage their insurable risks, participants at an industry workshop said. UK-funded DaNa Facility and the USAID’s Private Sector Development Activity jointly organised the seminar on “Promoting Microinsurance in Myanmar” in Yangon on September 9. “It is […]

First Myanmar RoboLeague 2019 held in Yangon

The First Myanmar RoboLeague 2019 was held in Theinbyu Stadium in Yangon Region on June 1, with opening speeches by Dr Myo Thein Gyi, Union Minister for Education and Mr Scot Marciel, ambassador of the United States to Myanmar. The USAID is supporting the RoboLeague competition, together with the Ministry of Education and Phandeeyar. It […]

Study backs benefits of small-scale commercial aquaculture

The true value of small-scale commercial aquaculture as a means of generating rural development and reducing poverty has been revealed in a new academic study. The study, Give a Man a Fishpond: Modeling the Impacts of Aquaculture in the Rural Economy, looks at how aquaculture can impact rural development in Myanmar. As author Dr Ben […]

New aquaculture economy emerged on rising fish demand

Domestic demand for farmed fish in Myanmar has risen substantially over the past 10 years, with many small-scale fish farms emerging across the Ayeyarwady region. That’s led to a budding economy of aquaculture-related businesses along the value chain as well as more innovative uses of new farming methods and technology. Between 2004 and 2014, fish […]

Political make-up a bottleneck for Shan economy

The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]

Coffee Exports Stimulated by Production and Demand

Myanmar coffee traders have exported 535 tons of coffee beans this fiscal year, twice as much as the same period the year before, according to statistics from the Ministry of Commerce. Last year, the nation exported 860 tons of coffee generating $1.438 million. In the first five months of the 2017-2018 fiscal year, exports have […]

Yangon Chief Minister Apologizes to Military Chief

YANGON — Yangon Chief Minister U Phyo Min Thein apologized to the Myanmar Army Commander-in-Chief Snr-Gen Min Aung Hlaing for comments that the military called confrontational. The chief minister said there were no civil-military relations in the democratic era and that the military’s commander-in-chief was the same as the level of director-general according to the […]