Submitted by ksmaw on Fri, 05/13/2016 - 19:22
Myanmar is expected to export at least 1.5 million tonnes of rice this financial year, according the vice chairman of Myanmar Rice Federation.
However, drought across the country due to El Niño is raising concerns.
Despite floods last July, August and September, 1.4 tonnes of whole and broken rice was exported last financial year, 400,000 tonnes down on 2014-15.
Ninety per cent is exported to China overland.
Submitted by phochan on Fri, 05/13/2016 - 08:08
KBZ Bank, Myanmar’s leading private bank, will open a representative office in Thailand later this year to cash in on the Asean Economic Community.
The rep office will be the first step of the bank in establishing its presence in Southeast Asia and beyond, said Than Cho, senior managing director.
Submitted by mthan on Wed, 05/11/2016 - 16:11
Border trade has stalled at the Myanmar-India border gate at Tamu due to the gate’s closure by Indian authorities on the evening of May 9 after two people from India crossed into Myanmar without passes and went missing.
Submitted by mthan on Wed, 05/11/2016 - 16:05
Ooredoo Myanmar will launch 4G Plus service in Yangon and Mandalay this month, according to the company’s May 9 statement.
The operator is now working to raise its spectrum and boost internet speed.
Rene Meza, the CEO of Ooredoo Myanmar, said most customers choose Ooredoo for its data connection, and users can enjoy 4G service with their old SIM cards on 4G-enabled handsets without having to buy new ones.
Submitted by mthan on Wed, 05/11/2016 - 14:51
Only 10 per cent of Myanmar’s industrial zones can produce export-quality goods due to the high manufacturing costs exacerbated by poor infrastructure, according to people in the manufacturing industry.