Shops close as jade prices drop by 70pc in Kachin State

Demand has fallen after a Chinese government crackdown on traders who bought value-added jade without paying tax, said U Z Lum, chair of the Myanmar Gems and Jewellery Entrepreneurs’ Association in Myitkyina, the capital of Kachin State. “Chinese buyers have to pay high taxes in China if they buy our value-added products. This has had […]

BD to build 23km road inside Myanmar to connect with China

Bangladesh will build a 23-kilometre road from Gundam in Myanmar towards Kunming to connect with China to establish cross-border transport link among the three countries, Finance Minister AMA Muhith said Tuesday. “We will build 23-km road out of 170 kms which reaches from Gundam to Kunming as part of regional connectivity initiatives,” he told newsmen […]

China wants to invest in Dawei deep-sea port and Thilawa Industrial Zone

President U Thein Sein met with State Councillor and Secretary General of China’s State Council Mr. Yang Jing, at the Presidential Palace on Monday, 11 May 2015. Discussions centred on investment in industrial zones and the 21st Great Silk Waterway and the Great Silk Road. Myanmar has a possible link with the two because there […]

Ten more rice firms for China trade after outcry

The Myanmar Rice Federation will accept invitations for ten more rice companies to receive permission to export rice to China after the first nine firms it selected were criticised for their lack of experience. Myanmar Rice Federation joint secretary U Soe Tun said the decision to have a second round of firms came following a […]

China loan suspensions hurt Mandalay jade market

A recent change in policy by the Chinese government, to stop giving loans to jade merchants, has affected trade at the world-famous jade market in Mandalay frequented by Chinese jewellers and tourists. Sein Win, a jade merchant and chairman of the market’s Philanthropist Association, said the market has been quiet since the loan suspension was […]

Myanmar calls to end illegal timber trade with China

YANGON – Myanmar officials have demanded that the Chinese government stop importing thousands of tonnes of illegal timber into China. The move came after a China-Myanmar trade cooperation meeting during the 13th China-Myanmar Border Expo held in China from December 6 to 8. “There are about twenty thousands of logs in the southern part of […]

Huawei chosen as main supplier company for Myanmar mobile operators

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. China communications giant Huawei Technologies has been chosen as a main technological supplier for three main mobile operators in Myanmar despite US warnings over cyber security. The three operators are the state-owned Myanmar Posts and Telecommunication (MPT), Yatanarpon […]