Economy and commerce

Myanmar’s Ministry of Commerce revealed that the Philippines has offered to ink a government-to-government treaty to buy rice from its fellow ASEAN country. “The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently, it imports rice mainly from Vietnam. ...

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...

President Trần Đại Quang pledged that Việt Nam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism. At a meeting with visiting Myanmar Minister of Home Affairs Kyaw Swe in Hà Nội yesterday, the President said that Việt ...

The Laos-China railway will provide significant momentum for the development of the Boten-Mohan border economic cooperation zone, experts have noted. The railroad, a key project under China’s Belt and Road initiative, will link the Mohan-Boten border crossing in northern Laos to Vientiane, over a distance ...

A famous chef from France has tasted the organic coffee in Pakxong district, Champassak province and agreed to place an order for the top quality beans for coffee shops in Europe including France. The order is expected to serve as a boon for the region’s ...

The government has three months to act on issues raised in a petition submitted on December 5 to the National Assembly and the Ministry of Agriculture, Forestry and Fisheries or risk a mass protest being staged. A group of 300 people, representing 2,260 families from Svay Rieng, ...

Global beverage giant Coca-Cola officially inaugurated its new $100 million Cambodian production facility on December 5, significantly increasing its local bottling capacity while bolstering the confidence of foreign investors. The 25,000-square-metre factory, situated on 12.5 hectares in the Phnom Penh Special Economic Zone on the ...

Customs authorities should work quickly to adopt an envisioned online registration system for cross-border cargo shipments that would expedite delivery and cut out pesky middlemen who tack on unofficial fees, Transport Minister Sun Chanthol said on December 5. “Online registration is important because right now ...

A super fast railway will connect Myanmar’s cities, cutting the journey time from Muse, Shan State, to Yangon to one hour. That was the claim made by China’s consul general in a recent meeting in Mandalay. Wang Zongying was discussing China’s One Belt One Road project, ...

Japanese microfinance lender MJI Enterprise has started offering three new types of loan and is expanding into two new areas, its chief executive told The Myanmar Times. Yuko Kato said the firm is now offering education, health-care and solar power loans, in addition to its ...