Investment goods import value on the rise

The import value on investment-related equipment during April 1-November 14, of the 2014 fiscal year, was more than US$3 billion, a big surge from US$1 billion during the same period of last fiscal year, according the Ministry of Commerce. These imports were made by investment companies obtaining privileges from the Myanmar Investment Commission (MIC). “Business […]

Over US$9 billion worth of goods imported this year

More than US9 billion worth of goods has been imported this fiscal year (FY) including automobiles and the volume is more than US$2 billion than last year, according to the Ministry of Commerce. From April 1 to October 24 of 2014-2015 FY, total volume of imports including cars was US$9295.681 million. During the same period […]

US group touts roles in support of multinationals

Local companies ought to eye opportunities to supply large American multinationals with the goods and services they need to invest in the region, according to US-ASEAN Business Council president Alexander Feldman. American officials hope to discuss business opportunities when a Myanmar delegation led by Minister for the President’s Office U Soe Thein visits New York […]

Myawady border trade down by US$12 million

The Myawady town on the Myanmar – Thai border has recorded over US$33 million in total trade volume over the last two months, according to the department of commerce and consumer affairs. US$2.8 million has been earned from Myanmar exports and over US$30 million had spent on imports between April 1 to May 30 this […]

ASEAN free trade must consider development gap – Than Htut

Myanmar’s vice director of the ministry of national panning and economic development has said that the ASEAN region needs to renegotiate its free trade agreement to account for the development gap between richer and poorer countries. Than Htut was addressing the 25th high level meeting of the ASEAN Economic Community held at the Sedona Hotel […]