India setting up 9 border trade points with Myanmar

Keen to boost border trade between Northeast India and the neighbouring Southeast Asian countries, the Indian government is setting up nine border haats or markets along the border with Myanmar, a top official said on Wednesday. Addressing the inauguration of the Eighth Delhi Dialogue here, Anil Wadhwa, Secretary (East) in the Ministry of External Affairs […]

Maybank Yangon’s revenue growth to come from lending, transaction banking in 5 years

Maybank International’s chief executive officer Pollie Sim said lending will be driven mainly by working capital financing and transaction banking by Myanmar’s growing international trade and demand for cash management, especially as projects are completed and operationalised. “We believe that Maybank’s success in Myanmar hinges on the growth of Myanmar’s financial sector,” she said in […]

Panalpina opens office in Myanmar

Panalpina has opened its own office in Yangon, the largest city in Myanmar after working through agents for many years. The move follows the establishment of a civilian government in the country in 2011. “Panalpina has worked with customers in Myanmar for many years through dedicated agents,” said country Thorsten Harenberg. “We have been grateful […]

BES organising eight events in Myanmar this year

The business of hosting international trade shows and exhibitions is booming in Myanmar, according to Bangkok Exhibition Services Co (BES), which is running eight events there this year. “Myanmar has seen many political and economic reforms in recent years that have led to the easing of international sanctions and the opening of its doors to […]

Import exceeds export in current fiscal year

Myanmar sees the international trade through land and sea routes amounted to US$7.8 billion from April 1 to July 25 with about $1 billion trade deficit, according to the Ministry of Commerce. The trade volume increased $1.9 billion in comparison to the same period last year. The country earned $3 billion for exporting agricultural produce, […]