Magwe Region received K1.5 billion (US$966,000) in investments between last October and April this year, says Regional Minister for Planning and Development U Zaw Min. The investments, all from local businesses, created 134 local jobs between October 2018 and April 2019. In the 2017-2018 fiscal year, the region received six domestic investments totalling K1.57 billion […]
Cattle exports to China show good promise, official says
December 4, 2018 by
Magwe Region exports some 25,000 head of cattle a year to China, according to the region and veterinary officials. U Maung Maung Soe Oo, director of Magwe’s Livestock Breeding and Veterinary Department, said 252 shipments of cattle were sent to China in the 12 months ending in October this year. Statistics also showed that 280 […]
Fuel-efficient cooking stoves in 22,000 households in Mandalay
October 30, 2018 by
Some 22,000 households in Mandalay Region are using fuel-efficient stoves as part of a government effort to reduce the use of firewood and the resulting destruction of forests and mangroves, according to the Mandalay Forestry Department. U Tint Swe, director of the department, said the stove campaign is aimed at addressing the energy shortage in […]
MADB to help fuel growth across entire agriculture supply chain
April 19, 2018 by
Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]
Private banks hike lending to SMEs
August 31, 2017 by
SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]
Police raid Rakhine-to-Malaysia Smuggling Junket, Detain 22 Muslim Teens
October 26, 2016 by
Court proceedings and a manhunt have been launched after police disrupted a human smuggling pipeline from Rakhine State to Malaysia in two separate raids in Yangon this weekend. Nearly two dozen Muslim teenagers between the ages of 12 and 18 were rounded up by police and detained. According to officials, the male teens being trafficked […]
Jade Curse Tests Post-Sanctions Myanmar
October 25, 2016 by
Its embrace can bring wealth beyond measure, or instant death. It is a magnet for the most impoverished migrant workers and the most ruthless exploiters. Its haunts are a cauldron of armed conflict beyond the law of the land. In what could be one of its most challenging tests, how will Myanmar’s democratic government deal […]
Draught law causes beer station panic
July 19, 2016 by
On Kyar Kwet Thit Street in Yangon’s Tarmwe township, famous because it is home to more than 50 beer stations, dozens of young and middle-aged men and a handful of girls in their 20s enjoyed the nightlife earlier this week. At around 9pm customers were relaxed as they held mugs of draught beer, while the […]
