Foreign trade appears set to resume the generally upward trend of the past five years, the Ministry of Commerce has announced. So far in the current fiscal year, which began on April 1, both imports and exports are up compared to this time last year by more than a quarter of a billion dollars.
Myanmar's growing fish farming industry is helping increase wages and improve diets, but without strict regulation farmed fish pose a huge threat to wild species, say environmental experts.
Bangkok Airways is exploring adding Bagan and Myeik to its list of Myanmar destinations. But the Department of Civil Aviation (DCA) says there are no immediate plans to open up more airports to Thai firms, a move that would likely anger local airlines.
Sagaing Region authorities are launching a crackdown on small-scale gold mines that, they say, contribute to environmental degradation. But concern is growing that larger companies, which are licensed at the level of the Union government, may be allowed to continue operating.
Rising trade and more foreign investment could be on the way, says the World Bank, but warns that careful steps are required to ensure they provide inclusive growth and reinforce rather than undermine the country’s peace process.
Officials from firms planning to launch their shares on the Yangon Stock Exchange have not been dissuaded by price fluctuations on the country’s new bourse, and are pushing on with the listing process.
The government is planning to make the extension of jade mining permits in Hpakant and Lone Khin that are due to expire this year contingent on an environmental assessment, an official from the Department of Mines has said.