Yoma Strategic profits from equipment sales, KFC expansion in Myanmar

On October 27, Yoma Strategic, an affiliate of First Myanmar Investments Company (FMI), which is listed on the Yangon Stock Exchange (YSX), announced a strong set of financial results for the period ended September 30. The company announced revenues amounting to S$59 million for the six months to September 30, 2017, representing an increase of […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Agricultural Mechanization Department invites open tender for procurement of farm machinery and implements; Submitted Date: Dec 30th, 2015

Subscribe to our tender alert mailing list MINISTRY OF AGRICULTURE AND IRRIGATION DEVELOPMENT OF IRRIGATION AND LAND CONSOLIDATION SCHEMES IN MYANMAR UNDER THE LINE OF CREDIT FROM EXPORT-IMPORT BANK OF INDIA INVITATION FOR OPEN TENDER 1. Sealed bids are invited by Agricultural Mechanization Department (AMD), Ministry of Agriculture and Irrigation (MOAI), the Republic of the […]

Rethinking Myanmar’s state-owned banks

The country’s four state-owned banks account for more than 60 percent of total banking assets, but have not kept up with the reforms and growth at their private counterparts since the sector was liberalised in 2011. Members of parliament have urged the Ministry of Finance to reduce the size of state banks, particularly Myanma Economic […]

Myanmar: 500 tonnes of chilli peppers to South Korea

Myanmar’s Ministry of Agriculture and Irrigation plans to export 500 tonnes of chilli peppers to South Korea on a trial basis. Officials from the ministry stated that the batch is being exported as a test, in order to assess the South Korean market for chilli peppers. Most of the crop would be grown in Myanmar’s […]

Yangon’s new economic hub project set to go ahead

Plans to build a new economic hub in Yangon are underway with or without of assistance from Japan, according to the Yangon City Development Committee (YCDC). The Mindhamma Project is planned to become Yangon’s second economic city to relieve traffic and congestion from an overcrowded downtown. “Japan has previously told us to carry out the […]