fisheries sector

Myanmar fisheries sector nears collapse as orders tumble

May 19, 2020 by Thiha

Myanmar’s fisheries sector will face its largest loss in history if demand does not pick up very soon, said U Myo Nyunt, secretary of the Myanmar Fisheries Products Processors & Exporters Association (MPEA). “Exports have collapsed. All international orders have been cancelled and we have not received any new orders from the European Union (EU) […]

Filed Under: Latest News Tagged With: fisheries sector, MPEA, Myanmar

Fisheries sector not developing due to no funding

October 9, 2018 by Thiha

Investments in Myanmar’s fisheries sector are almost all from the private sector and it is time to consider more help from the government for the sake of improving domestic food security and generating more revenue from exports says U Win Kyaing, general secretary of the Myanmar Fisheries Federation. The lack of financing is one of […]

Filed Under: Latest News Tagged With: agriculture-based country, aquaculture, Fisheries Department, fisheries sector, funds, investment, lack of modernization, Myanmar Fisheries Federation, world seafood consumption

Financial services among the fastest growing sectors in Myanmar

November 20, 2017 by Thiha

The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]

Filed Under: Latest News Tagged With: administration sectors, agriculture, Bank Guarantees, construction, deputy minister of the Ministry of Planning and Finance, FDI, Financial Services, fisheries sector, foreign bank, foreign direct investments, forestry sector, government, industrial, Loans, local currency Myanmar, MEB, MFTB, MICB, Myanma Economic Bank, Myanmar, Myanmar Foreign Trade Bank, Myanmar Investment and Commercial Bank, offshore fishing vessels, pollution and ecological damage, Pyidaungsu Hluttaw, Small and Medium Enterprises, SMEs, Social welfare, timber production, tourism sector, Trade, transportation, U Set Aung, Vehicle Insurance

New marine breeding zones in Twante, Yangon to accelerate GDP growth

July 28, 2017 by Thiha

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]