Kyaukpyu Deep Sea Port ready to send oil to China

Crude oil brought by ship from the Middle East will be stored at oil tanks on Madae Island in Kyaukpyu Township prior to sending it to China through the recently constructed pipeline, according to a Rakhine State minister. Large 100,000-ton oil tankers will moor at Kyaukpyu Deep Sea Port as of January 2015, Rakhine State […]

Rice federation to introduce Warehouse Financing at Apex

The Myanmar Rice Federation plans to open several warehouses for rice traders to store their product for use as collateral to receive bank loans, said its chair U Chit Khaing. The system would alleviate the need to sell rice immediately even if prices are low to pay for a sudden expense. Instead, traders will be […]