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Nilgiri
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Myanmar struggling to meet bean shipping target to India
By Chan Mya Htwe | Tuesday, 04 October 2016
Tweet strong demand from India, local farmers are having to scrape together every last bean they can find for export.
Myanmar, the world’s second-largest bean producer after Canada, has been struggling to meet an export order now edging toward a million tonnes of beans since its giant, and hungry, neighbour to the west said it wanted to import a total of 900,000 tonnes.
U Khin Maung Lwin, assistant secretary for the Ministry of Commerce, said discussions were proceeding with India, which wanted to amend an existing memorandum of understanding to increase its imports. While Myanmar was ready to export 600,000 or 700,000 tonnes of mung bean and green gram, it can meet the demand for an extra 200,000 tonnes only by throwing in pigeon peas as well.
“They want mung and green gram. We already sell 600,000 or 700,000 tonnes to India of those two types, but we don’t have enough to meet an order for 900,000 tonnes. We might be able to make it if we add pigeon peas. Our department is negotiating this,” he said.
This will put paid to any attempt by Myanmar to penetrate any other market, he added.
The Ministry of Commerce is taking the lead in the negotiations, which will also bring in the ministries of Agriculture and Foreign Affairs, the Attorney General’s Office and the Myanmar Pulses, Beans and Sesame Seeds Merchants’ Association.
They hope to be able to reply to India soon, said the assistant secretary.
The Indian demand has already driven up the price of mung beans from K1.25 million a tonne to K1.45 million, said U Myat Soe, an executive with the Myanmar Pulses, Beans and Sesame Seeds Merchants’ Association.
According to the Ministry of Commerce, the export of 720,000 tonnes of beans since the start of this fiscal year ( April,2016) brought in US$838 million, of which more than half, or $440 million, came from the export of 310,000 tonnes of mung beans.
Last year’s exports were in excess of the 720,000 tonnes exported so far this year, but income on the exports was only $666 million.
“We earned more this year than last year because the prices are higher. We might be able to export the same tonnage as last year,” said U Myat Soe.
Indian consumers place value the Myanmar mung bean and the pigeon pea for their quality and taste, which explains why almost 80pc of Myanmar’s pulses exports are sent to India. India has promised to provide money and seeds, but first has to confirm that the seeds they intend to supply will be a good match with Myanmar’s climate and soil, said U Khin Maung Lwin said.
Myanmar exports beans and pulses to more than 50 countries, including Pakistan, UAE, Malaysia and Vietnam.
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Its true, Myanmar toor dal is good quality and good taste. Myanmar must look into expanding its production in balanced sustainable way as the demand from India will only increase with time.
Aung Zaya
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yes..!! ..we grew more to export India but hard to meet demand from India due to lack of labour in Agri sector and suffer continous flooding within 2 years.. now hiring harvesters and providing seed to all over victim state.. hope to export more in coming years..
plus India should invest in Myanmar agri sector such as sharing the knowledge about growing beans or contract farming system.. if so u dont need to worry about rising prices when u import and our farmers also will get more stable income.. this will benefits for both side..
Aung Zaya
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Obama ends Myanmar state of emergency
Ray Locker , USA TODAY 3:44 p.m. EDT October 7, 2016
This is a modal window.
(Photo: Michael Reynolds, European Pressphoto Agency)
WASHINGTON — President Obama ended the 19-year state of emergency against Myanmar on Friday, saying that the nation's elections in November 2015 have led to greater freedom of expression and democracy.
The negative conditions in Myanmar, Obama said in his order, have been "significantly altered by Burma's substantial advances to promote democracy,including historic elections in November 2015 that resulted in the former opposition party, the National League for Democracy, winning a majority of seats in the national parliament."
Myanmar, also known as Burma, was first hit with a declaration of emergency on May 20, 1997, by the Clinton administration. President George W. Bush followed with another executive order tightening the sanctions in 2007.
The end of sanctions against Myanmar has been years in the making. In 2012, Obama visited Myanmar, where he met with longtime democracy activist Aung San Suu Kyi, who is now the nation's state counselor.
Last month during a visit by Suu Kyi, Obama ended 27 years of punitive tariffs on Myanmar and restored it to a list of countries receiving special trade status.
The Myanmar government declared martial law in 1989. Suu Kyi won a national election the next year, but the military junta refused to cede power and kept her under house arrest for 15 of the next 21 years. She was awarded the Nobel Peace Prize in 1991. After her party won a national election last year, she became state counselor, a role similar to prime minister.
Ray Locker , USA TODAY 3:44 p.m. EDT October 7, 2016
This is a modal window.
(Photo: Michael Reynolds, European Pressphoto Agency)
WASHINGTON — President Obama ended the 19-year state of emergency against Myanmar on Friday, saying that the nation's elections in November 2015 have led to greater freedom of expression and democracy.
The negative conditions in Myanmar, Obama said in his order, have been "significantly altered by Burma's substantial advances to promote democracy,including historic elections in November 2015 that resulted in the former opposition party, the National League for Democracy, winning a majority of seats in the national parliament."
Myanmar, also known as Burma, was first hit with a declaration of emergency on May 20, 1997, by the Clinton administration. President George W. Bush followed with another executive order tightening the sanctions in 2007.
The end of sanctions against Myanmar has been years in the making. In 2012, Obama visited Myanmar, where he met with longtime democracy activist Aung San Suu Kyi, who is now the nation's state counselor.
Last month during a visit by Suu Kyi, Obama ended 27 years of punitive tariffs on Myanmar and restored it to a list of countries receiving special trade status.
The Myanmar government declared martial law in 1989. Suu Kyi won a national election the next year, but the military junta refused to cede power and kept her under house arrest for 15 of the next 21 years. She was awarded the Nobel Peace Prize in 1991. After her party won a national election last year, she became state counselor, a role similar to prime minister.
ahojunk
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A bit of good news for Myanmar.
========
U.S. Lifts Economic Sanctions Against Myanmar
October 7, 20163:42 PM ET
MERRIT KENNEDY, NPR
President Barack Obama and Myanmar's leader Aung San Suu Kyi meet
in the Oval Office of the White House last month.
The U.S. has lifted sanctions against Myanmar that have been in place for nearly two decades.
President Obama issued the executive order on Friday, saying he made the decision in light of political reforms in the Southeast Asian nation also known as Burma.
This move was widely expected. During last month's trip to Washington by Myanmar's de facto leader, Aung San Suu Kyi, Obama told reporters that he was going to lift sanctions "soon." As we reported at the time, he said it was "the right thing to do in order to ensure that the people of Burma see the rewards from a new way of doing business, and a new government."
The sanctions were imposed in 1997 and were meant to isolate the military junta then ruling the country. Although the military remains powerful, the country has seen major changes recently. In March, the country elected a civilian leader for the first time in decades.
"With these advances, U.S. national security and foreign policy interest no longer support the blocking of assets and other measures," Obama said Friday in a letter to the speaker of Congress and the president of the Senate. "While Burma faces significant challenges, including the consolidation of its democracy, the United States can, and intends to, use other means to support the government and the people of Burma in their efforts to address these challenges."
As The Two-Way has previously reported on the U.S. sanctions against Myanmar:
========
U.S. Lifts Economic Sanctions Against Myanmar
October 7, 20163:42 PM ET
MERRIT KENNEDY, NPR
President Barack Obama and Myanmar's leader Aung San Suu Kyi meet
in the Oval Office of the White House last month.
The U.S. has lifted sanctions against Myanmar that have been in place for nearly two decades.
President Obama issued the executive order on Friday, saying he made the decision in light of political reforms in the Southeast Asian nation also known as Burma.
This move was widely expected. During last month's trip to Washington by Myanmar's de facto leader, Aung San Suu Kyi, Obama told reporters that he was going to lift sanctions "soon." As we reported at the time, he said it was "the right thing to do in order to ensure that the people of Burma see the rewards from a new way of doing business, and a new government."
The sanctions were imposed in 1997 and were meant to isolate the military junta then ruling the country. Although the military remains powerful, the country has seen major changes recently. In March, the country elected a civilian leader for the first time in decades.
"With these advances, U.S. national security and foreign policy interest no longer support the blocking of assets and other measures," Obama said Friday in a letter to the speaker of Congress and the president of the Senate. "While Burma faces significant challenges, including the consolidation of its democracy, the United States can, and intends to, use other means to support the government and the people of Burma in their efforts to address these challenges."
As The Two-Way has previously reported on the U.S. sanctions against Myanmar:
"In 2012, the Obama administration began to ease some financial and investment sanctions following political reforms, according to the Treasury Department. But it 'retained more targeted restrictions on military-owned companies and dozens of officials of the former ruling junta,' as The Associated Press reports.
...
"Obama and Suu Kyi said in a joint statement [last month] that the U.S. will also give preferential trade status to Myanmar 'in light of progress on a number of fronts, including strengthening protections for internationally recognized worker rights.'
"These changes are designed to create incentives for U.S. businesses and nonprofits to invest in the country, Obama said."
...
"Obama and Suu Kyi said in a joint statement [last month] that the U.S. will also give preferential trade status to Myanmar 'in light of progress on a number of fronts, including strengthening protections for internationally recognized worker rights.'
"These changes are designed to create incentives for U.S. businesses and nonprofits to invest in the country, Obama said."
ahojunk
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October 7, 2016 8:00 pm JST
KBZ Bank rides on Myanmar's economic boom to expand in ASEAN
JUSTINA LEE, Nikkei staff writer
KBZ Bank rides on Myanmar's economic boom to expand in ASEAN
JUSTINA LEE, Nikkei staff writer
U Nyo Myint, senior managing director of the KBZ group of companies (center), and U Zaw Lin Aung,
deputy managing director (right), at the opening of KBZ Bank's new Singapore office.
SINGAPORE -- Kanbawza Bank (KBZ Bank), Myanmar's largest private bank, has opened a representative office in Singapore as part of efforts to expand its footprint into Southeast Asia. It already has an overseas base in Thailand and intends to open another representative office in Malaysia by the end of December.
KBZ Bank is tapping into the growing interest of companies from the Association of Southeast Asian Nations in Myanmar's economy, as it continues to grow rapidly after decades of isolation. Its gross domestic product growth is expected to reach 8.6% this year, making Myanmar the world's fastest-growing economy, according to the International Monetary Fund's latest World Economic Outlook.
ASEAN companies are pouring investment into the country. Keppel Land, a subsidiary of Singapore's Keppel Corp, entered a conditional joint agreement with Myanmar conglomerate Shwe Taung Group in September to invest $48.6 million to develop premium serviced residences and offices in Yangon. Indonesian conglomerate Lippo Group has also announced plans to build 20 hospitals in Myanmar equipped with sophisticated, mostly U.S.-made, equipment within 10 years.
Singapore is currently Myanmar's largest trading partner among the ASEAN countries, said U Nyo Myint, senior managing director of the KBZ group of companies. Bilateral trade between Singapore and Myanmar was valued at 3.23 billion Singapore dollars ($2.35 billion) in 2014.
Interest in Myanmar continues to grow among Singapore companies who "see tremendous opportunities in the country," Myint told the Nikkei Asian Review. "Most of the Singaporean investors are interested in real estate development and infrastructure development in Myanmar, as well as hospitality and tourism," he added.
Through its new Singapore representative office, KBZ Bank intends to assist Singapore companies who are looking to invest into Myanmar. The office will provide private sector liaison services and information on regulatory requirements for both Singapore and Burmese companies to enter each other's markets. The bank believes that the move will bring it closer to its "goal of becoming Myanmar's foremost commercial presence in the Southeast Asian region and internationally." It also intends to strengthen relationships with international financial institutions in Singapore.
alaungphaya
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It's official.
http://www.bbc.co.uk/news/amp/37592380
President Barack Obama has formally eased long-standing sanctions on Myanmar.
Mr Obama issued the executive order weeks after meeting Myanmar's de facto leader, Aung San Suu Kyi.
Myanmar's access to trade benefits for poorer nations was suspended in 1989 over human rights abuses.
But the White House said substantial advances to promote democracy meant that it was no longer a threat to America's national security.
Correspondents say the move is designed to coax the rapidly transforming South East Asian country from decades of economic isolation as Ms Suu Kyi's government manages the difficult transition to democracy in Myanmar, also known as Burma.
"While Burma faces significant challenges, including the consolidation of its democracy, the United States can, and intends to, use other means to support the government and people of Burma in their efforts to address these challenges," Mr Obama wrote in a letter to the US House and Senate speakers.
Image captionSanctions were put in place during the rule of the oppressive military junta
However, while many companies will now enjoy lower tariffs, there are some sanctions which remain in place.
A "blacklist" of at least 100 companies and individuals with links to the former military junta has been scrapped, although a few individuals will remain sanctioned.
Myanmar was run by an oppressive military junta from 1962 to 2011.
Ms Suu Kyi, who as opposition leader was kept under house arrest for 15 years, led her National League for Democracy party to victory in Myanmar's first openly contested election for decades in November 2015.
Good analysis.
http://www.bbc.co.uk/news/amp/37592380
President Barack Obama has formally eased long-standing sanctions on Myanmar.
Mr Obama issued the executive order weeks after meeting Myanmar's de facto leader, Aung San Suu Kyi.
Myanmar's access to trade benefits for poorer nations was suspended in 1989 over human rights abuses.
But the White House said substantial advances to promote democracy meant that it was no longer a threat to America's national security.
Correspondents say the move is designed to coax the rapidly transforming South East Asian country from decades of economic isolation as Ms Suu Kyi's government manages the difficult transition to democracy in Myanmar, also known as Burma.
"While Burma faces significant challenges, including the consolidation of its democracy, the United States can, and intends to, use other means to support the government and people of Burma in their efforts to address these challenges," Mr Obama wrote in a letter to the US House and Senate speakers.
Image captionSanctions were put in place during the rule of the oppressive military junta
However, while many companies will now enjoy lower tariffs, there are some sanctions which remain in place.
A "blacklist" of at least 100 companies and individuals with links to the former military junta has been scrapped, although a few individuals will remain sanctioned.
Myanmar was run by an oppressive military junta from 1962 to 2011.
Ms Suu Kyi, who as opposition leader was kept under house arrest for 15 years, led her National League for Democracy party to victory in Myanmar's first openly contested election for decades in November 2015.
yes..!! ..we grew more to export India but hard to meet demand from India due to lack of labour in Agri sector and suffer continous flooding within 2 years.. now hiring harvesters and providing seed to all over victim state.. hope to export more in coming years..
Good analysis.
Aung Zaya
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Welcome back... broGood analysis.
TopCat
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Bangladesh is in different league. BD does not get threatened by Burmese but poor soul Rohingyas are.
Nilgiri
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Hi, where is the shipyard is being made in?
Aung Zaya
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အာ့ ေတာ့ကပ္ ကို ဂရုမစိုက္ျကနဲ့ေနာ္ ဘရိုတို့
Myanmar have sucessfully overhaulled Mi-2 at local facility.. upgrading rader and rocket launcher.. now 12+ Mi-2 have been upgraded and started it operations.. in years ago., most of them are grounded due to shortage of spare parts..
Myanmar have sucessfully overhaulled Mi-2 at local facility.. upgrading rader and rocket launcher.. now 12+ Mi-2 have been upgraded and started it operations.. in years ago., most of them are grounded due to shortage of spare parts..
Navy shipyard.. bro
Nilgiri
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Near yangon, bassein, sittwe or somewhere else?
Aung Zaya
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Yes..!! it's near Yangon.. just next to Navy HQ... bro
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