Sunday, August 20, 2017

Corn sellers hit hard by falling prices

Plunging prices risk ruining Nay Pyi Taw farmers who have invested in corn crops. Interest on loans and rising labour costs are increasing their woes, farmers say.

Continue reading »

MADB to stick with group-loan structure

Myanmar Agricultural Development Bank (MADB) will continue to disperse loans using a group-pledge system rather than allowing individual farmers to be responsible for the risk, the deputy minister for agriculture told parliament.

Continue reading »

Government continues to push capital as a tourism destination for event holders

The government has again announced a series of initiatives to help draw tourists to Nay Pyi Taw, including stepping up its efforts to lure foreign travellers looking for a destination to hold events and conferences.

Continue reading »

Myanmar struggling to meet bean shipping target to India

They said it would never happen, but Myanmar may be in danger of running out of beans due to a surge in demand from India.

Continue reading »

Toyota sees uphill sales battle in Yangon

Local car dealer Toyota Aye and Sons is hoping a hire purchase scheme will help boost sales of a new Toyota model, which has to compete with a sea of used vehicles in a market complicated by regulations.

Continue reading »

Protests dog Thilawa SEZ as second phase nears start

Over 70 companies across 14 countries have invested more than US$700 million in the Thilawa special economic zone, but local residents affected by the project are still campaigning to have the next phase halted until issues around resettlement, compensation and environmental impact are resolved.

Continue reading »

Share split eyed for Thilawa Holdings

BRIEF: Myanmar Thilawa SEZ Holdings’ board of directors is proposing to split each of the firm’s nearly 3.9 million shares into 10 in order to make the shares more affordable and boost trading.

Continue reading »

Dutch firm invests in local feed factory

After five years of importing Vietnamese products into Myanmar, Dutch animal feed company De Heus has opened a factory in Myanmar to start producing for the local market directly.

Continue reading »

AIIB invests in Myanmar

BRIEF: The Chinese-led Asian Infrastructure Investment Bank (AIIB) has approved its first loan for a Myanmar project.

Continue reading »

Foreign banks finish licence legwork

BRIEF: E.SUN Commercial Bank and State Bank of India – the last of the foreign lenders that won approval to open branches in Myanmar earlier this year – have finished the entry process and begin this week fully licensed.

Continue reading »