The Myanmar Marine Fisheries Association (MMFA), an organisation representing fishermen, is again asking the Department of Fisheries to reduce the no-catch period from June 1 to August 31 set by the department. The no-catch period specified for certain areas is aimed at helping fish stocks to recover. The MMFA is asking that the no-catch period […]
Fiscal Year 2017-18: a New Dawn for Economic Policies
The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]
Rakhine’s coastal waters still plagued by off-shore fishing vessels
The illegal entry of off-shore fishing vessels into Rakhine State’s shallow, coastal waters has reportedly see a depletion in amount of fish being caught by near-shore fisherman, Myitmakha News Agency has been informed. The Department of Fisheries has demarcated a territory ten-miles from the shore as an area exclusive to near-shore fishing vessels, but off-shore […]
‘Phuket of Myanmar’ seeks MIC approval
The US$1.2 billion LuxDream Island project is branded “the next Phuket” and will feature a high-end marina, luxury hotels, a theme park and a casino. The plan may seem incongruous with the serenity of Myanmar’s Myeik Archipelago. But the island dream looks set to become reality, as Singaporean Zochwell Group prepares to sign a Build, […]
At Inle Lake, the tension beneath the surface
In January, at an event bringing together about 50 youth from Inle and Yangon, some Yangon youth carried a poster showing a typical Inle scene: a fisherman standing on his long wooden boat, with a conical net in the water and the Shan mountains visible in the background. The picture wasn’t so different from many […]