Magway cattle prices drop
Falling demand from Chinese buyers has sent Magway region cattle prices into a slump. Cattle farmers at Magway’s Myothit cattle market have reported a price drop of as much as MMK 300,000 per animal, with fewer buyers than ever, reported Mizzim
Rice floor price to remain MMK 500,000 per basket
The Myanmar government will maintain its minimum rice price to protect farmers from market fluctuations. The rice floor price, or reference price, will remain at MMK 500,000 per basket through 2020. The announcement came from the Leading Committee fo
US official criticizes repatriation process
Myanmar is still struggling to resolve the refugee crisis, which continues to damage its international reputation. A top-ranking US foreign aid official delivered a sharp criticism of how Myanmar is handling the repatriation process for more than 750
Myanmar auto industry revs up
Myanmar automotive factories are upping their output in response to higher demand, according to an industry analysis by the Myanmar Times. Production has increased from both Japanese and Chinese brands, taking advantage of growing local demand, im
Huawei will remain big part of Myanmar telecom development
Chinese tech giant Huawei will remain a big player in Myanmar’s telecom sector development despite security warnings from the United States and other countries. Huawei Myanmar spokesperson Zhu Bo has claimed that Huawei communications networks
