US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

UMFCCI urges Chinese businesses to start factories

The joint secretary of the Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI), has urged Chinese investors not only to buy raw materials from Myanmar but also to set up factories. Aye Lwin was speaking at a business meeting between Myanmar and Chinese entrepreneurs on December 16, co-organised by the UMFCCI and […]

Myanmar urges China to invest in Kyauk Phyu SEZ

YANGON – Myanmar urged Chinese investors to invest in the Kyauk Phyu Special Economic Zone (SEZ) during a bilateral trade meeting on Saturday, according to the Directorate of Investment and Company Administration (DICA). Located on the western coast of Myanmar, Kyauk Phyu Project is one of three special economic zones in the country. The other […]