China, Thailand become major markets for Myanmar avocados

Myanmar avocados are essential to export legally to China and Thailand, said U Lin Thant Aung, the secretary of the Myanmar Avocados Producer and Exporter Association.Currently, Myanmar avocados are exported to China and Thailand through the border under the order system, which does not guarantee the market and earning good prices, he added. “We export […]

Yangon Broom raises funding led by Yangon Capital Partners to launch mobile app, training school

Yangon Broom, a Myanmar-based company, today announced that it has raised an undisclosed third funding round led by Yangon Capital Partners, the investment arm of a financial advisory company Trust Venture Partners. Other backers include existing investors such as Emerging Markets Entrepreneurs (EME) and NestTechVN, who had previously invested a five-figure funding round in the […]

Neighbouring countries building stronger gems markets than Myanmar

Neighbouring countries are building stronger gems market than Myanmar, which is the country of origin for many gems. Nearby countries are enjoying greater benefits than Myanmar, which is producing the gems and jewelleries, said U La Hpai Khun Sa, chairman of the Myanmar Gems and Jewellery Entrepreneurs’ Federation. “The raw gems, which are produced in […]

YCDC – What do residents really think?

Yangon residents and businesses pay a lot of taxes, and in return expect particular services or utilities to be provided for by the government. A reliable water supply, clean and well-maintained streets, or having access to public recreational facilities are a few of the expectations some taxpayers have. Exactly what Yangon’s five million residents think […]

Inland Port Project to be Implemented in Hlaing Tharyar Township

Yangon Regional Government is planning to implement an inland port in Hlaingtharyar Township to streamline transportation of goods using waterways. The project is being planned near the Nge Pin Le industrial zone and A Le village in Hlaingtharyar Township, but the regional government has not mentioned a proposed completion date. The project is called the […]

Markets in Yangon to be upgraded says Chief Minister

At the inauguration of Danyingone wholesale market on Tuesday, Yangon Chief Minister Phyo Min Thein said that plans were underway to upgrade 170 markets in Yangon. “When we take over administration, there were 174 markets in Yangon. Our new government decided to do upgrading works of these markets. Most of the venders are selling things […]

High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]

Roadside vendors to get space in markets, Yangon mayor says

Two-storey markets will be built near places where there are many roadside vendors, Yangon mayor Hla Myint said at the special session of the region parliament last week. Projects will be implemented based on the budget for the 2015-2016 fiscal year, he said, adding that the first level would be allocated to roadside vendors. “Yangon […]

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

(Reuters) – Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. According to two sources involved in the Dawei Special Economic Zone (SEZ), plans have been overhauled […]