Declining market threatens small-scale miners in jade central

The jade market in Hpakant,Kachin State, the jade central of Myanmar, has ground to a halt threatening the survival of small-scale mining companies, according to the merchants and locals. Low prices are being offered for high quality jade pieces,while lesser pieces are proving almost impossible to sell. “Despite clashes between the military and KIA (Kachin […]

First finished gem market to open in Yangon next month

Myanmar’s first-ever finished and cut gem market will open in the compound of Myanma Gem Museum in Yangon next month, according to Myanmar Gem Entrepreneurs Association. The market will include a laboratory to allow foreign gem merchants to conduct tests on finished and cut gems, said association chairman Yone Mu. Plans are also underway to […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Visa focus on Myanmar as Thailand slow down

Visa International (Thailand) estimates single-digit percentage growth in spending through its cards here this year compared with double-digit growth over the past few years, said Somboon Krobteeranon, country manager for Thailand and Myanmar. Visa card spending in other Asean countries in 2014 is expected to expand at a double-digit pace, he said. Southeast Asia’s second-largest […]