Vice Chair

Myanmar to sell rice to China only with down payment system

December 18, 2020 by Thiha

Myanmar will abolish the credit system in the selling of rice to China, and it will now exercise only the cash-down system to sell rice to China, said Vice-Chair U Min Thein of the Muse Rice Commodity Depot. By putting an end to the credit system to sell rice to China, it can prevent occurrences […]

Filed Under: Latest News Tagged With: cash-down, citizen, Commodity, federation, identified, notification, occurrences, Payment, prosecute, purchase, selling, supervision, Traders, Vice Chair

Permission for some businesses to reopen in Yangon ‘appropriate’: UMFCCI

October 12, 2020 by Thiha

Business insiders and executives have commended the government’s move to allow some business to reopen amid COVID-19. “Allowing cut-make-pack (CMP) factories, workplaces, and small and medium-sized enterprises (SMEs) to resume is an appropriate move. The factory closures have hurt workers’ incomes and has been bad for the country’s economy,” said U Maung Maung Lay, the […]

Filed Under: Latest News Tagged With: CMP, commended, COVID-19, Factories, government, medium-sized, Ministry, restrictions, stay-at-home, Vice Chair

Retailers flag need to regulate e-commerce industry

July 16, 2018 by Thiha

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

Filed Under: Latest News Tagged With: advertising, BarLoLo.com, consumers, e-commerce industry, e-commerce law, e-commerce platform, government, Ministry of Commerce, MOC, Myanmar, Myanmar Retailers Association, physical stores, pre-register, Private Sector Development Committee, regulations, Taxes, U Myo Min Aung, Vice Chair, Vice President U Myint Swe

Dutch De Heus sets up $16m feed plant in Myotha

June 22, 2018 by Thiha

Animal feed firm De Heus announced the launch of its second production site in Myanmar on Tuesday, taking the overall investment in the country to more than US$30 million. This feed plant in Mandalay, combined with the Yangon facility, will enable the Netherlands-based company to tap into the growing demand in both upper and lower […]

Filed Under: Latest News Tagged With: Animal feed firm De Heus, Asia, China, De Heus Myanmar, domestic livestock farmers, Dutch De Heus, Europe, FDI, foreign direct investments, fuel sources, India, Johan van den Ban, land law, livestock drug market, Livestock Sector, Managing Director, mandalay, Mr Van den Ban, Myanmar, Myanmar Livestock Federation, Myanmar Times, Myotha Industrial Park, Nay Pyi Taw, Netherlands, Thailand, the Americas, U Kyaw Htin, upper and lower Myanmar markets, Vice Chair, Vietnam

Industry debates tax levels after easing gold trade

February 26, 2018 by Thiha

Speculation has been rife over the level of duties involved in the import and export of gold since the trade was liberalised last month, allowing gold to move freely in and out of the country via air, sea and border routes. Although the authorities have yet to make any announcements, industry insiders reckon a 15 […]

Filed Under: Latest News Tagged With: Air, border routes, China, Current Price, Exchange Rate, export taxes, gold bars and coins, Gold Mining, gold supply chain, Gold tax, gold trade, Illegal Trade, Import and Export, industry, Inland Revenue Department, IRD, Jewelry, local gold consumption, Ministry of Planning and Finance, Myanmar Gold Traders Association, Myanmar Times, Myanmar-Indian border, sea, tax levels, transportation costs, U Aung San Win, Vice Chair

New technologies needed as prawn, shrimp exports dwindle

February 14, 2018 by Thiha

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

Filed Under: Latest News Tagged With: China, Department of Fisheries, Director of the Department of Fisheries, eu, Exports, farmed fisheries sector, Fishery Products, fishery resources, Hong Kong, India, Japan, Japan International Cooperation Agency, JICA, Local demand, local seafood, Malaysia, Myanmar coastal areas, Myanmar Fisheries Federation, Myanmar shrimp and prawn exporters, NADP, National Aquaculture Development Plan, Norway, prawn, shrimp, singapore, Thailand, the Ministry of Agriculture- Livestock and Irrigation, the US, U Kyaw Tun Myint, U Tun Win Myint, UAE, Vice Chair, Vietnam, white Vietnamese shrimp

Local tour agencies urged to register

January 31, 2018 by Thiha

Companies in the tour and travel business have been advised to register their operations and obtain proper licenses, failing which they will be liable to fines. U Muang Muang Aye, vice chair of the Domestic Pilgrimage and Tour Operators Association, made the call on Tuesday in the face of a surge in tourism and the […]

Filed Under: Latest News Tagged With: chairman, Daw Thida Moe, Deputy Director, insurance, Kyihtiyo Pagoda, Local tour agencies, Mandalay chapter of the association, Mandalay’s Ministry of Hotels and Tourism, Ministry of Hotels and Tourism, Mon State’s Thadon township, Penalties, proper licenses, Pyidaungsu Hluttaw, the Domestic Pilgrimage and Tour Operators Association, U Muang Muang Aye, U Zin Min Kyaw, Vice Chair

Overseas demand for locally-produced coffee expected to rise in 2018

January 10, 2018 by Thiha

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Filed Under: Latest News Tagged With: Asia, Asia Coffee Association, Asian demand, Australia, China, domestic market conditions, Dubai, Europe, Foreign Buyers, Green Land coffee plantation, Hong Kong, Iceland, International Market, Japan, Malaysia, Myanmar coffee industry, overseas demand, Pyin Oo Lwin, Russia, Switzerland, Thailand, The market price, The Myanmar Coffee Association, the Netherlands, the UK, U Sai Wan, U Win Aung Kyaw, us, Vice Chair, Yunnan, Ywar Ngan region

China’s latest Myanmar megaproject courts controversy

November 11, 2017 by Thiha

Nearly two years ago, Myanmar chose a Chinese consortium led by the state-run Citic to develop a $10 billion port and industrial park that could turn into the country’s largest foreign investment. With Beijing pledging to create 100,000 jobs and transform a poor region, the Kyaukpyu port plan potentially represents a huge win for Myanmar. […]

Filed Under: Latest News Tagged With: Beijing, Beijing's Belt and Road Initiative, China, Chinese Export-Import Bank, Chinese loans, Dawei, government-led committee, Guangxi, Guizhou, Gwadar, Hambantota Port, Indian Ocean, Japan, Kyaukpyu port plan, Laos, local education programs, local media reports, Muslim Rohingya refugees, Myanmar, Myanmar megaproject, Myitsone dam project, National League for Democracy Government, Naypyitaw, Oo Maung, Pakistan, port and industrial park, Rakhine State, Sino-Laos railway, Special Economic Zones, Sri Lanka, tax revenues, Thailand, Thein Sein government, Thilawa SEZ, Vice Chair, Yangon, Yunnan

Why the construction sector is ailing and how it could recover

November 6, 2017 by Thiha

To help the construction and real estate sectors expand and stay profitable, government support in the form of tax and loan policy reforms is necessary, developers said. Currently, developers must pay taxes of up to 10 percent on the sale of condominium units priced between K100 million to K500 million. Meanwhile, buyers must pay a […]