Myanmar’s first glass bridge, located near the Goteik Viaduct in Nawngcho (Northern Shan State), is expected to be completed by October 2022. The bridge, developed with Chinese designers and glass bridge experts, will be built on a project area of 17 acres and is estimated to cost approximately $5 million. Cherry Muse Company will oversee […]
Meat industry urged to modernise to counter swine fever
October 9, 2019 by
Myanmar needs to modernise its meat industry to counter the spread of African swine fever (ASF), insiders who attended conferences organised last week by the International Finance Corporation (IFC) agreed. Besides addressing the imminent threat ASF posed to the country, the modernisation of the sector can further bring about higher production and exports, which would […]
India’s Border Trade With Myanmar Stagnates at $50 Million as China’s Hits $6 Billion
January 4, 2018 by
As India prepares to celebrate the silver jubilee of its partnership with ASEAN in a big way, a key border trade link with Myanmar, the closest neighbour of the vibrant Southeast Asian bloc, continues to be hobbled by infrastructure and other issues — 22 years after it was launched. India’s border trade with Myanmar takes […]
DICA Advocates for Investment in Conflict Zones
September 15, 2017 by
By the end of the month, the Myanmar Investment Commission will open a branch office in Sittwe to “provide a solution to regional conflict,” U Than Aung Kyaw, Deputy Director General of Directorate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]
Rubber market back to normal in northern Shan State from the rise of Chinese Yuan
November 4, 2016 by
The rubber market has been brought back to normal in Northern Shan State, resulting from a rise in the price of the Chinese Yuan, it is learnt. The price of rubber remained unchanged in 2015 and 2016 at 9,000 Chinese Yuan (CHY). The merchants stored the rubber in September watching the CHY exchange rate. The […]
Fruit farmers consider forming public companies
June 17, 2016 by
Frustrated with complex procedures, taxes and advantages held by Chinese traders in the border town of Muse, fruit farmers in upper Myanmar have floated the idea of forming companies in the hope of finding strength in numbers. In May, the government tried to help farmers and small-scale importers and exporters in Northern Shan State, Mandalay […]
Chinese motorbikes sell well in Lashio, northern Shan State
March 28, 2016 by
Chinese-made JJ-XY motorbikes with power exhaust installed are selling well in Lashio, northern Shan State. Motorbike prices range between K285,000 and K620,000 per motorbike, depending on the brand. The JJ-XY-125 model is selling best at the moment. Its LED headlight attracts young people in the city. “Market prices do not drop too low, though Chinese […]
