China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]
MADB to help fuel growth across entire agriculture supply chain
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 […]
Myanmar to upgrade 3 local airports to receive Chinese tourists
Some local airports will be upgraded to international-standard airports as a part of a slew of projects under China’s Belt and Road (B&R) initiative, according to U Kyaw Win, Union Minister for Planning and Finance. Backed by rising incomes, some 13 million Chinese are travelling abroad yearly but less than half a million came to […]
Thanakha Cultivators Facing Difficulty Due to Low Demand
Thanakha cultivators from Ayadaw Township, Mandalay Region, are facing difficulty because of low demand and scarcity of the skilled labours, said U Kyaw Moe, chairman of Ayadaw Township Thanakha Cultivation, Producion, Export and Sales Association. Thailand Thanakha cosmetics are challenging our Myanmar Thanakha market. In fact, they are fake thanakha cosmetics, for they do not […]
Major earthquake strikes central Myanmar, kills four, destroys pagodas
A powerful 6.8 magnitude earthquake shook central Myanmar yesterday, killing at least four people and damaging famous pagodas in Bagan and other regions. The earthquake, with its epicenter inside Myanmar, about 12 miles west of Chauk and about 123 miles southwest of the Mandalay seismological observatory, was recorded at 5.04 pm, according to the announcement […]