Tin Mg Oo With the government and private sector working to increase exports, Myanmar witnessed some $1.144 billion rise in export earnings in the first four month of the new fiscal year compared to the year-earlier period, according to Ministry of Commerce data. Imports surged by $697 million during the same...
Tin Mg Oo The Ministry of Energy and Electricity has asked the country’s highest legislative body to approve its proposal to borrow $113.036 million from South Korea’s Economic Development Cooperation Fund (EDCF) to fund the replacement of gas pipelines running from Magway to Shwe Taung. “The aim of this project is...
Myo Sandar The Directorate of Industrial Supervision and Inspection under the Ministry of Planning, Finance and Industry said that those applying for SME membership cards through its website www.msmewebportal.gov.mm/login can now pay registration fee online. Applicants need to provide a passport-size photo taken against a blue background and fill out the...
Myo Sandar Myanmar started drafting a National Export Strategy (NES) in 2013 and has been implementing the strategy since 2015. When the current NES ends, the Ministry of Commerce will extend it for five more years, with 10 additional sectors placed on the priority list. The new prioritized sectors include agricultural...
The Lagonpyin water supply project, implemented using JICA official development assistance loans and expected to be completed in 2022, will provide water to 23 quarters in Dagon East Township, according to Yangon Mayor U Maung Maung Soe’s recent remarks to the Regional Parliament. “This project is to increase the city’s...
Zin Thu Tun Chin State saw its first elephant foot yam processing factory open in Mindat Township on January 26. The factory, located on 6.7 acres of land, is operated by Chin Hills Treasure Company (CHTC), a farmers-owned-and-operated agricultural enterprise. “This first-ever elephant foot yam processing factory in Chin State is...
The Yangon Regional Government has paid over K15.39 billion in compensation to 139 landowners for lands confiscated for projects by the Yangon City Development Committee. The confiscated lands are in Dagon Myothit (Seikkan), Dagon Myothit (South), Dagon Myothit (North), Dagon Myothit (East), Hlaing Thar Yar, Shwe Pyi Thar, Mingalardon, Dala,...
If you believe in investing in a vision rather than just in companies, Myanmar’s first tech hub, Phandeeyar, will give you the lowdown on the country’s burgeoning startup market. Nowadays, buying a SIM card for $1.5 or less has become commonplace, yet it would have been unthinkable in Myanmar just...
Telecom operator MPT has expanded into mobile payment services with the introduction on January 28 of mobile financial app MPT Money, which the company hopes will enable greater access to financial solutions across Myanmar. The app will allow users to make electronic financial transactions such as OTC remittance, wallet services,...
Consumers are concerned by news of salmonella-tainted chicken being sold in three markets in Yangon and rumors have spread online that tainted chicken is unsafe to eat. However, livestock and public health experts have reassured that salmonella-infected chicken is safe to consume if well cooked. “Meat and fish production in Myanmar...