Red tape cut allows exporters to skip on taxes

The Ministry of Commerce has cut red tape on exports, but some unscrupulous exporters are taking advantage of eased restrictions to avoid taxes, officials say. Exporters were previously required in some instances to show proof that foreign buyers had deposited money in foreign accounts to pay for the goods they were purchasing. However, Myanmar traders […]

Mango farmers frustrated by money changers in Muse

The Ministry of Commerce is working to arbitrate a Mandalay dispute between mango farmers and the Muse money changers they claim are giving them an unfair deal. Local mango farmers and merchants generally export their produce to nearby China, and often must make use of informal currency brokers in the border city of Muse to […]