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Ministry of Agriculture, Livestock and Irrigation is planning to increase quality of fishery exports to meet international standards
The Ministry of Agriculture, Livestock and Irrigation is pushing the quality of fishery exports higher to make sure Myanmar’s fishery products meet international standards. “We are committed to improve the fishery sector to ensure sustainability by following the standards and guidelines practiced globally,” said Dr. Aung Thu, Union Minister of the Ministry of Agriculture, Livestock and Irrigation, at the annual meeting of Myanmar Fishery Federation on May 12. The Fishery Department works under the oversight of the Ministry of Agriculture, Livestock and Irrigation, and has drafted the National Aquaculture Development Plan (NADP). The plan was conceived in collaboration with Myanmar Sustainable Aquaculture Programme, the Myanmar Fishery Federation, universities and civil organizations. -
Italian oil and gas company ENI Myanmar B.V (ENI) will start its oil exploration process in onshore block RSF-5 in Magwe Region by the end of this year
Italian oil and gas company Eni Myanmar B.V (ENI) will commence oil exploration in onshore block RSF-5 located in Magawe Region by the end of the year, the company announced on May 20. Exploration work will start between November and December, it said. The block sits across 320,000 acres and ENI is allowed a six-year exploration period. Eni won the bid to explore at RSF-5 in 2014 and signed an agreement with the government and Myanmar Oil and Gas Enterprise in 2015. ENI owns a 90 percent stake in the RSF-5 block while local company Myanmar Petroleum Exploration and Production owns 10pc. An Environmental Impact Assessment (EIA)for the proposed drilling project at block RSF-5 will be conducted by ENI submitted to the Environmental Conservation Department. Results will be announced to the public next month, according to the company. -
The foundation laying ceremony of all in one project for fishery sector was held in Pantanaw township of Ayeyawaddy Region which will help to increase 20% more of the export income
The foundation laying ceremony for the 500 TPD Processing plant, 10,000 Ton Cold storage factory, 300 TPD fishmeal factory was held in the project zone in Pantanaw Township of Ayeyawaddy Region on Saturday. It’s part of the mega project, Food Industry complex which includes all the stages from hatching to production of value-added products in one place. Global Earth Argo & Aqua Industry Public Company has developed the project since 2017 with 200 million USD worth investment. Union ministers for Agriculture, Livestock & Irrigation and Commerce and many other officials attended the ceremony. -
Local and foreign investors are invited to invest in any sector they desire Chin State where have huge opportunities to invest
Salai Lian Luai, Chin chief minister, sees big opportunities for growth and returns for investors willing to channel funds into the state. Besides hotels and tourism, Chin, he said, requires large investments in infrastructure such as roads and power grids to draw a higher volume of tourists and connect the state to rest of the country. Owing to its difficult and mountainous terrain, Chin State is one of the poorest states in Myanmar with the least investment. Yet, it is also the most scenic. In Chin, the most successful sectors are hotels and tourism because of the scenery and attractions such as Nat Ma Taung National Park, Reeds Lake and Kanpatlat township, which is home to the famed Mount Victoria. -
The Industry 4.0 in Myanmar conference was held in Yangon to create an inclusive digital economy in Myanmar
It is of primary importance, Myanmar Minister of Industry U Khin Maung Cho told the more than 100 gathered at the Novotel Yangon Max hotel Friday morning for the Industry 4.0 in Myanmar conference, to create an inclusive digital economy. Industry 4.0—a term with a fluid definition but that generally refers to commercial and industrial advances in automation and digital connectivity, and their resulting social and economic impacts—will “affect more than just manufacturing,” U Khin Maung Cho said. “We have to develop our country to match with the other countries surrounding Myanmar.” The event was hosted by the Delegation of German Industry and Commerce in Myanmar, known also by its German-language acronym AHK Myanmar, and defining the titular term was itself a recurring theme of the conference. It is often described as the next step in a process that began with steam-powered mechanization at the turn of the 19th century and in the 20th progressed through electric-powered assembly lines and, later, computer technology. The conference’s slogan, “leapfrogging across sectors,” hints at the notion that Myanmar is developing at a time that could enable it to “leapfrog” over several of these stages of production directly into the new, digital economy. -
The 27th Regular meeting of Private Sector Development Committee with entrepreneurs was held in Yangon to implement in cooperation between government and entrepreneurs for the private sector development
The 27th Regular Meeting of Private Sector Development Committee with entrepreneurs was held at UMFCCI in Yangon on Wednesday. Chairman of Committee, Vice President U Myint Swe attended the meeting and gave an opening speech. Chairman of the Private Sector Development Committee, Vice President U Myint Swe pointed out that the committee has implemented 394 points reported by the entrepreneurs since the beginning of the Regular Meetings. He stressed that it is important to implement in cooperation with the relevant ministers and entrepreneurs to lessen the difficulties and obstacles for the private sector development. Vice President, The Republic of the Union of Myanmar, H.E. Myint Swe said “The government has been implementing for private sector development since 2016 by organizing 5 working committee to be effectively implemented for development tasks. The committee is carrying out for Public-Private Dialogue with the ministries and entrepreneurs to be implemented for the private sector development. The committee is also making effort for promoting of the Ease of Doing Business Ranking.” -
Myanmar Government will invite an international tender for power delivery to the country via floating power plant to generate more electricity supply in Yangon by summer 2020
Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The Myanmar Times. “We will invite an international tender. We will select those who can offer the cheapest price. This is a short-term emergency plan to generate more electricity supply as quickly as possible,” he said. The MOEE plans to buy gas from the international market, which will be generated on the floating unit and channeled via pipeline to the transmission lines, he said. Distribution will be based at the jetties nearest to existing power generation infrastructure, he said. There are currently eight locations in Myanmar with the required infrastructure allowing such ships to dock and supply electricity. The transmission lines, substations and pipelines are located in Kyaukphyu in Rakhine, Pathein in Ayeyarwady, Thilawa in Yangon and Mawlamyine in Mon State. -
Bilateral trade between Myanmar and Thailand reached the best situation of optimal trade level (Mr. Pakainay Leng-Ee, Minister Counsellor for Commercial Affairs to Myanmar)
Khun Pakainay Leng-Ee, who was Thailand’s Minister Counsellor for Commercial Affairs to Myanmar from October 4, 2015 to May 15, 2019, reckons the two neighbouring countries have reached an optimal level of trade. “I think we’ve reached the best situation now,” he said. Among the main goods exported to Thailand are car parts and components, which are used to assemble vehicles at Thai car factories and later exported. Myanmar also exports natural gas, meat, natural resources, aquaculture products, vegetables, timber and other wood products to its neighbour. Meanwhile, it imports edible oil, soft drinks, metals, agricultural wars, carpets, car parts, cosmetics, skincare products, wheat, instant foods and plastic products from Thailand. Last year, Myanmar exports to Thailand rose by over 20 percent compared to the year before. During the period, trade volumes between Myanmar and Thailand totaled some 70 billion baht (K3.3 trillion), according to Khun Pakainay Leng-Ee. -
Maw Taung Trade post will be opened officially at the border city Maung Taung, Tanintharyi Township once the agreement between Myanmar and Thailand has been reached
Once the agreement between Myanmar and Thailand has been reached, Maw Taung border trade post will be officially opened at the border city Maung Taung, Tanintharyi Township. The new trade post will promote trade between the two countries. The two countries are currently having discussions about the matter at the meetings for the Myanmar-Thailand Border Trade Joint Committee and Myanmar-Thailand Joint Commission as well as a high official meeting. “Maw Taung Border Trade Post is next to Prachuap Khiri Khan Province. The border trade post was opened in May 2013 as a temporary check point, and currently operates with 28 staff members,” said U Aung Htoo, Deputy Minister of the Ministry of Commerce. Through the temporary check point at the Maw Taung Border Trade Post, the two countries traded $2.5 million in the 2015-2016 Fiscal Year and $13 million from October 2018 to May 3, 2018. -
Myanmar Rice Federation (MRF) called for the government intervention to regulate rice market with policy and laws to promote the rights and benefits of farmers
The Myanmar Rice Federation (MRF) called for government intervention, including regulation with policy and laws, subsidies and exploration of markets, in a bid to promote the rights and benefits of farmers, according to a recent press release from MRF. To tackle problems being faced by farmers by the recent price drop and difficulties, MRF members have been traveling to farms to purchase summer paddy. However, they are limited by storage capacities to dry the rice, as well as by logistics problems, coupled with power cuts. As exports through border gates are plummeting, the private sector’s sole efforts cannot deal with this. Government intervention is needed, and MRF has already forwarded requests to the government. Last month, Myanmar Rice Federation (MRF) declared it would purchase long-grain rice with 90-day yields which have no demand in the market at the set price of K19,500 per bag starting from 8 April.
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