European Union will fund a EUR 1.43 million project supporting older people and those with disabilities affected by the COVID-19 in Myanmar reaching five million people. The project will be implemented by the Ministry of Health and Sports and HelpAge International. In its COVID-19 response plan, the Ministry of Health and...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Myanmar will implement National Food and Agriculture System Project across the country borrowing $200 million from the World Bank, according to the meeting on the project by the Ministry of Agriculture, Livestock, and Irrigation. The project will run from the 2020-21 fiscal year to the 2024-25 fiscal year...
Myanmar has made progress in poverty reduction as the proportion of the population living in poverty declined by almost 50 percent between 2005 and 2017, according to the Poverty Report, issued by the World Bank, UNDP, and the Central Statistical Organization.  The proportion of the population living below the poverty line...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် “If a problem arises, protect your valuable assets first,” says Mr. Christoph Vavrik, Managing Director of Myanmar Carlsberg, during an interview with Myanmar Business Today. “The most important asset in a company is not necessarily a brand or exploration rights for an oil company or real estate....
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် India's ONGC Videsh Ltd (OVL) will invest over $120 million in the Shwe Gas project, according to the Financial Express. The investment proposal was approved by the cabinet meeting held by the Indian Prime Minister. ONGC Videsh Ltd (OVL), an overseas investment subsidiary of ONGC, has made $722 million...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Local cooking oil mills have been struggling to have market share in the domestic oil market for years. Their struggle continues as they only manage to hold 5 percent of the market, U Khin Soe, President of Mynamar Edible Oil Millers Association, told Myanmar Business Today. "We have...
Despite the COVID-19's devastating impact on trade and economy, Myanmar's fishery sector is seemingly doing well, at least according to data released by the government.  The Ministry of Commerce estimates that fishery export will generate over $1 billion this fiscal year.  "The local aquaculture has increased, which in turn increase fishery...
The World Bank’s Board of Executive Directors on June 26 approved a $200 million credit from the International Development Association (IDA) to increase agricultural productivity and diversification and enhance market access for Myanmar farmers, with a strong focus on inclusion for smallholder farmers, women and other vulnerable groups. According to...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Post and Telecommunications Department announced that all unregistered SIM card will be terminated after June 30 and prepaid balance in them will go to the state revenue urging users to register their SIM cards. After the SIM card is terminated, users will not get reimbursement or be able...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Ascent Myanmar Growth Fund I LP (AMGF), Myanmar-Focused private equity fund owned by Ascent Capital Partners Pte. Ltd, a Singapore-registered fund management firm, has made a combined $26 million minority investment in Frontiir Pte. Ltd, an internet service provider under the name Myanmar Net. “By supporting Frontiir, a...