Prospect for manufacturing in Myanmar

YANGON — As chairman of the Hlaing Tharyar Industrial Zone, U Myat Thin Aung understands the challenges facing Myanmar’s manufacturing sector. Despite concerns about whether local manufacturers will be able to compete when the country becomes part of the Asean Free Trade Area next year, however, Hlaing Tharyar—Yangon’s largest industrial zone, with nearly 600 factories […]

Trade rebounds in May, says ministry

The recently reported downward trend in trade in Myanmar has bounced back during the second week of this month due to strong imports, according to a report from the Ministry of Commerce. The total trade volume between April 1 and May 9 of fiscal year 2014-15 showed US$2 billion — with US$ 1.48 billion from […]

Myanmar uses int’l gold standard for first time

Myanmar is inviting world investors to join its gold rush. The southeast Asian country announced Wednesday that for the first time it will use international measurement standards to issue gold bars. Myanmar officials say the change will further open their country’s gold market to the outside world. Myanmar will start selling gold with 99.99 percent […]

Ford launches as govt revamps import rules

Industry observers said they welcomed the notice, which was obtained by The Myanmar Times last week, from the ministry’s Directorate of Trade outlining parameters for distributors to sell new cars in Myanmar though some added it is at most a first step and further clarification is required. Ford became one of the first among other […]