Business

Yangon looks to cut rice production

The Yangon regional government 

Export profits set to rise as demand soars

 

DICA processes investment proposals

The Directorate of Investment and Company Administration (DICA) says it has started

Rakhine continues to export rice to Bangladesh

KITSAPA- Although trade already suspended in Maungdaw  Border Trade Camp due to violence attacks of ARSA extremist Bengali terrorists in northern Maungdaw Township, Rakhine State, rice is being exported to Bangladesh from Sittway border trade camp.
 

China, Myanmar discuss establishment of border economic cooperation zone

 

The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while Myanmar entrepreneurs have also invested $100 million in the province, according to a press release.

Myanmar to export rice to Sri Lanka

 

Myanmar is negotiating with Sri Lanka to export rice under a government-to-government agreement, according to the Ministry of Commerce.

“We are in discussion with China as well as Sri Lanka to export rice,” said an official from the ministry.

Myanmar parliament to Thai loan for Dawei SEZ road

The Ministry of Commerce says borrowing from Thailand to build a two-lane road that will connect the Dawei Special Economic Zone to Thailand will be discussed in parliament.

Thailand will offer a loan of 4.5 billion baht (US$136 million) for the construction of the road, and officials from both countries are now working on the project’s financial plan.

Export earnings from natural gas on the rise

Up to early September, Myanmar’s export earnings from natural gas exceeded US$1.2 billion, up nearly $7.986 million from the same period last year, according to the commerce ministry.

U Khin Maung Lwin, the ministry’s assistant permanent secretary said: “Export earnings reached $1.233 billion. Last year, they exceeded $1.226 billion. This is due to an increase in gas prices this year.”

Myanmar is producing natural gas from four gas projects. The production capacity of the Yedagon and Zawtika natural gas projects is declining.

Myanmar turns to marketable crops

Myanmar’s commerce ministry has announced plans to grow crops that can penetrate international markets.

Myanmar’s main agricultural exports at the moment are paddy, beans and pulses. Mung beans are a main export to India. However, bean exports have declined recently after India implemented some restrictions.

The ministry is discussing the new export plan with the Ministry of Agriculture, Livestock and Irrigation, along with entrepreneurs.

Export earnings from jade decline

Until early September