Myanmar’s smoking pipes and blackboards to penetrate international market

Businessmen in Chaungzon, Mon State are attempting to distribute Myanmar’s smoking pipes and blackboards, which have already caught the attention of many foreigners to the international market. Mon State Hotels and Tourism ministry will provide the capacity-building so that Myanmar’s smoking pipes and blackboards can more easily enter the international market. The small-scale businesses will […]

Natural gas core of export activity,followed by garment sector

Natural gas comprises 45 per cent of the export sector, by far the biggest chunk of the market, it is learnt from an announcement released by the Customs Department.The second most exported category is the garment sector, at 17 per cent. The export of natural gas in the 2015-2016 fiscal year fetched over US$4.3billion, whereas […]

Number of beekeepers increases due to foreign demand for Myanmar honey

With the demand for Myanmar’s honey on the rise from foreign countries, including the United States, private entrepreneurs engaged in honey bee keeping has reached about 750, it is learnt from officials. Myanmar’s honey is exported annually to the United States, Canada, South Korea, Singapore, Malaysia, Thailand, China and Japan. The bee-keeping business could help […]

Myanmar imports hit all-time high for this fiscal year

IMPORTS to Myanmar reached an all time high of US$13.6 billion this January, up $162 million from the previous year, according to an official from the Ministry of Commerce. The import volumes for this fiscal year were valued at US$13.6 billion according to figures received this year until the end of January, said Director U […]

UK provides $300m loan to boost exports to Myanmar

YANGON – The United Kingdom is seeking closer trade engagement with Myanmar, with US$300-million (Bt10.72 billion) in export financing to boost direct exports as well as drive infrastructure projects that require notable UK content. UK Transport Minister Lord Ahmad was here last Friday to unveil the export-finance facility, which will be extended directly to British […]

Government restricts forex to banks

Exporters and importers must use banks for foreign currency transactions, according to new government regulations. The new rules would be another step toward a functioning interbank currency market, but bankers are doubtful they can be immediately enforced. The government amended its 2012 Foreign Exchange Management Law last week to prevent exporters from selling foreign currency. […]

Chinese fruit traders extend reach into into Shan State

Chinese fruit traders are cutting out the middleman – extending their reach deep into upper Myanmar to deal directly with fruit farmers, rather than with brokers at the Muse border post. The Chinese traders are also opening their own retail fruit stores in Muse, Shan State. Myanmar companies based in Muse township normally buy fruit […]

Over 35,000 Parking Space Recommendations Issued in Nine Months

In the last nine months, 35,282 parking space recommendations, which proves that a car importer has sufficient space to park the car, have been issued, according to the Ministry of Commerce. Under a new law, introduced in January this year, an individual importer or a company who apply for a car import licence need a […]

MAMDA Eyes to Organise Standalone Auto Traders

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) has opened a regional sub association for Yangon region in a bid to develop a more organised auto trading sector with the participation of the public. Although many people in Myanmar engage in auto dealing as middlemen, only a few are fully informed about the fast changing […]

MRF to Control Rice Prices

The Myanmar Rice Federation (MRF) will work towards controlling the price of rice at open wholesale rice centres in Yangon and other regions, according to U Aung Than Oo, chairman of the MRF. “The federation will monitor who increases the wholesale price of rice. If they find price gouging by rice distribution centres, we will […]