Border trade tops US$3billion, a rise from previous fiscal year

Border trade as of 14th October in this fiscal year 2016-2017 reached over US$3billion, which is higher compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. Border trade value from 1st April to 14th October in this fiscal year fetched US$3,790.3million, which is up from US$3,451.254million […]

Casinos thrive in Myawady

The number of casinos in Myawady, Kayin State, is growing, according to local sources. Casinos are heavily restricted by Myanmar law, and gamblers around the country are frequently arrested by police. The Maw La Min Casino is the first of its kind to advertise publicly by erecting a billboard in Ward 5. Kayin State MP […]

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year […]

Telenor on a building spree in Myanmar

The Norwegian-linked company Telenor wants to make sure that affordable mobile communication services reach all levels of Myanmar society, and not only targeting the high-income earners. CEO of the company, Lars Erik Tellmann, says that they plan on doing so by adopting the same sales and distribution model that was implemented in several other Asian countries. “Telenor is committed […]

Trade of unlicensed Thai-imports shift up a gear in Myawady

Unlicensed cars imported from Thailand into the Myanmar border town of Myawady are reportedly selling well, according to local car traders. “[Trade at] the Kanku Car Sales Depot is doing better [than normal]. The state of the cars is as to be expected: some are replete, while some are lacking parts – it’s a mixed […]

MIC grants permission for nine investments

Myanmar Investment Commission (MIC) granted permission on 19th August for nine local and foreign investments, including a five-star hotel. Pun Hlaing Lodge Hotel Management Co., Ltd has been given permission to operater a five-star hotel on 2.196 acres of land at Pan Hlaing Golf Estate, Hlaingthaya Township, Yangon, it is learnt from a meeting of […]

New customs system scheduled for November

The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times. The Myanmar Automated Cargo Clearance System (MACCS) is being rolled out between August and October, and will make moving […]

Urban development plan being formulated for Mawlamyine, Hpa-an, Myawady

A PLAN to improve urban system in Mawlamyine, Hpa-an and Myawady is being formulated by the government with US$80 million loans from the Asian Development Bank (ADB). The four-year project will be implemented next year by the Ministry of Construction, focusing on installation of urban facilities in those central towns, which plays an important role […]

Myanmar imports nearly 15,000 motorbikes this month

MYANMAR imported about 15,000 motorcycles worth over US$6m through border trade camps within the first week of this month, according to the Ministry of Commerce. The imported motorbikes mainly entered the local markets in Mandalay and central regions. “Mandalay Region authorities normally issue licenses for over 500 bikes per day although the region has seen […]

Car prices within Kayin State rise amid month-long suspension of Japanese imports into Thailand

Hpa-an, July 11 – reports of a month-long suspension to the normal arrival of Japanese containers into the Thailand – Myanmar border region of Mae Sot has prompted a rise in the car market within Myanmar’s Kayin State, according to car sales agents from Myawady. Changes to the Kayin State car market are reportedly dependent upon […]