Economy and commerce

Myanmar Agricultural Development Bank, the only state-owned bank in the agriculture sector, was under the Ministry of Agriculture, Livestock and Irrigation. But from now on, the institution has been relocated to the Ministry of Planning and Finance which will make loan processes more efficient, according ...

There is a slowdown in the paddy market in Nay Pyi Taw, with prices remaining stagnant since late last year. Ko Myo Lin Aung, a paddy stocker from Pyinmana township, said the price was stuck at over K500,000 per 100 baskets. “Some get K520,000 at ...

The domestic garment industry has faced many challenges in exporting to key markets, such as the European Union and the United States, but it still has a chance of achieving its export target this year, according to experts. First quarter figures appear to support this expectation. ...

Prime Minister Nguyễn Xuân Phúc and his Cambodian counterpart Samdech Techo Hun Sen on April 25 agreed on several measures to strengthen multi-faceted relations between the two countries. PM Hun Sen said he considered the Vietnamese leader’s official visit as having historical significance, with the two ...

Many accomplices are involved in the sperm smuggling that was detected at a border checkpoint last week, the Health Service Support Department said. “There are at least three to four suspects involved already – two sperm owners, the person who picked up their sperm, the ...

UBER has expressed confidence that it can clear within five months the legal hurdles that have dogged its taxi-service operation in Thailand. The Thai operation of the US-based company put out the timeline after its representatives met officials from the Department of Land Transport late ...

Former Foreign Secretary Albert del Rosario on Tuesday urged the Association of Southeast Asian Nations to invoke the arbitral tribunal ruling that invalidated China’s expansive claims in the South China Sea in crafting a planned code of conduct in the disputed waters. The Permanent Court ...

Savan Logistics based in the Special Economic Zone or Savan Park has proposed establishment of Common Control Areas in the park, aimed at easing traffic congestion at the Lao-Thai border checkpoint. Currently the CCA proposal is being discussed among the officials concerned from line ministries, ...

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...

Chinese construction machinery giant Sunward Group will set up an office in Cambodia this year to capitalize on the surge in infrastructure development in the country. He Qinghua, chairman of the board at Sunward Group, told Khmer Times his company is currently researching business opportunities ...