Commerce ministry allows re-export licensing for more commodities

The Ministry of Commerce will continue to issue licences for re-exporting because of the foreign market’s demand and the local production process. Over 20 categories of commodities are re-exported to other foreign countries after being locally reproduced at its origin. The main categories of re-export are sugar, fuel oil (diesel) and betel nut. Sugar exports […]

Finance Education in Myanmar: Demand Grows as Capital Market Develops

A student takes notes during a Bloomberg Terminal course at the Myanmar Institute of Business, August 2016/ Courtesy of the Myanmar Institute of Business) Traditionally, the small number of domestic investors in Myanmar have constructed investment portfolios primarily centered around cash, real-estate, commodities or currencies via position-trading. That’s beginning to change as Myanmar’s first stock […]

40 Thai subcontractors seek business in Myanmar

“All our members want to expand their markets and are willing to cooperate with companies in neighbouring countries,” said Somkiat Chupukcharoen, president of TSPA and managing director of SCC Tech Co. “We want to know more about Myanmar people and culture, etc. We must know each other first. Only then will we be able to […]

Colgate-Palmolive to open factory in Myanmar

The Myanmar Investment Commission (MIC) has given U.S. company Colgate-Palmolive a licence to produce commodities in Myanmar. The company applied to the Directorate of Investment and Company Administration (DICA) to create Colgate-Palmolive (Myanmar) Ltd., and was granted permission on May 29. The MIC fully licensed the company on June 13. “We’ve experienced that Western companies […]

Thai coup delays car imports to Myanmar

Around 1,000 cars of different brands are waiting to be imported as border trade remains limited due to Thailand’s political situation. The Thai-Myanmar friendship bridge crosses the Thaungyin River which marks the border between the two countries. Since a military coup, border trade has been limited to basic commodities and only at certain hours of […]

More than Ks 350 million in illegal goods seized

The customs department has seized more than Ks 350 million in commodities over the month of April, most have not paid tax duty at various airports, seaports and check-points. Items included cell phones, computers, cameras, electronic devices, cosmetics, medicines and a car. They were seized at Yangon International Airport, Yangon Ports and Terminals, and Mandalay […]

Some wholesale businesses to jack up prices due to increased electricity charges

Some retail businesses in Myanmar have received notice from their wholesalers that prices for some commodities will be going up as electricity charges double starting this month. “With the meter charges going up, some wholesale businessmen have distributed notices in writing letting us raise our prices as the cost of electricity is higher for the […]

Tax-free markets to emerge at Myanmar-India border region

Tax-free markets will emerge along Myanmar and India border area aimed at developing border regions and alleviating poverty, official media reported Thursday. A preliminary agreement has reached between Chin State government and India to open tax-free markets, said the New Light of Myanmar. Tax-free markets will be opened in nine places at border regions between […]