UK opens door to Myanmar avocado

Myanmar has successfully delivered avocado to the UK’s market on trial, according to the press statement issued by the Embassy of the Republic of the Union of Myanmar in London on 14 November.Amara Variety (local variety), Hass and Buccaneer varieties were placed on the UK’s market in the previous week, under the programme of Myanmar […]

UK GSP to launch from January 1

The United Kingdom’s generalised scheme of preferences (GSP) will cover all countries currently eligible for trade preferences under the European Union’s (EU) GSP after the end of the transition period, the UK government recently said. The scheme will cover all eligible countries that do not have their existing trade agreements transitioned into a new agreement […]

Post-Brexit UK to keep Myanmar’s trade preferences

Boris Johnson’s government says Britain will maintain Myanmar’s access to the UK market after Brexit goes ahead, whether or not the EU decides to withdraw trade preferences because of human rights violations. “Regardless of how we exit the EU in October, the UK is committed to maintaining GSP [Generalised Scheme of Preferences] standards for Myanmar […]

Foreign education providers seek opportunities in Myanmar

The private education industry in the country continues to evoke interest from foreign education providers, with several having invested here in the past year ever since the government loosened regulations for the setting up of such educational institutions. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) officials recently met with private education […]

Facebook among firms named on Myanmar human rights ‘dirty list

Facebook is among a number of companies from the US, UK, France, Switzerland and China named on a “dirty list” of corporations accused of involvement in human rights and environmental violations in Myanmar, or of doing business with the country’s military, which is accused of genocide. A list of 49 companies, compiled by the pressure […]

UK aid agency invests $1.1m to build Myanmar’s micro-insurance

The UK Department for International Development (DFID) and a Swiss insurance technology firm are set to invest US$1.1 million (K1.7 billion) in Myanmar’s micro-insurance market. The aim is to reach 600,000 people in a bid to expand and develop the country’s insurance and risk-transfer market. Stonestep AG, a Swiss micro-insurance technical services company, and the […]

Myanmar pig farming initiative announced

The DaNa Facility, a UK government Department for International Development (DFID) funded programme, and De Heus Myanmar, an international animal feed business, have announced a joint investment of over US$3.2 million in a project focused on increasing the income and productivity of pig farmers across Myanmar. They said it would be the largest single business […]

Investments declined in 2017-18: MIC

Despite an increase in the volume of projects, total investment in value terms fell by around US$900 million in 2017-18 compared to 2016-17, U Thaung Tun, chair of the Myanmar Investment Commission (MIC), said in Parliament last week. In the 2017-18 fiscal year, Myanmar received $5.7 billion for 222 projects. Around $1 billion of the […]

Fixing the tourism industry

The govt wants to lure tourists back to Myanmar. Will its efforts work? The Myanmar tourism industry has suffered from a big drop in tourists due to the unfolding refugee crisis in northern Rakhine. With the number of visitors from the US and Europe declining sharply over the past year, some tour companies and hoteliers […]

Myanmar opens visa-on-arrival door

YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]