Easing of US sanctions on Myanmar to boost trade and investment

THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]

Dredging makes for easier access to Yangon Port

MORE container ships can enter and exit Yangon port starting from this month after dredging near the port’s inner bar known as Monkey Point has been completed, said an official from the Myanma Port Authority. The dredging project was jointly conducted by Starhigh Asia Pacific Pte Ltd and the Myanma Port Authority from 30 March […]

Illegal timber trade from Myanmar grows

THE London-based Environmental Investigation Agency says it is calling on both governments to stop the trade worth hundreds of millions of dollars a year that is reducing Myanmar’s forests and supplies China’s wood-processing industry, which makes furniture for domestic and international markets. The non-governmental organisation said Chinese businesses acquire the rights to illegally log mountains, […]

Singapore Firm Finishes Yangon River Dredging Project

Singapore-based Starhigh Asia Pacific Pte Ltd has finished dredging the river near Yangon Port, a project that is expected to improve navigability for ships and reduce traffic congestion near the port. Starhigh partnered with the Myanmar Port Authority (MPA) to dredge the area near the port’s inner bar known as Monkey Point. The project kicked […]

Ship cleared to leave Yangon port after collision

As the investigation into the collision of two ships in Yangon River on April 26 proceeds, the container ship involved was allowed to leave Yangon Port, said a Shipping Agency Department spokesperson. U Aung Myo Tin said the container Panja Bhum, carrying 525 containers of beans, garments and other goods, had been cleared to depart […]

Seven jetty bridges to be built in Yangon Port for international ships

Yangon Port currently will build seven more jetty bridges for the convenience of international ships, in addition to the seven already under construction. In fiscal year 2003-04, only 917 international ships were able to dock at Yangon Port but in fiscal 2013-14, the number rose sharply to 2,334. There is an urgent need for more […]

Crackdown on illegal imports nets US$18 million

Mobile teams patrolling for illegal trade have seized more than US$18 million in goods over the past year and a half, according to the Central Committee for Preventing and Controlling Illegal Trading. It said 3,391 cases of illegal trade have been transferred to the Customs Department as of June 26. The crackdown on illegal trade […]

Dealers put the brakes on car imports

An expected drop in import costs set for January has left thousands of imported vehicles sitting in containers at Yangon Port as dealers fear that bringing them into the market now could result in losses. Officials said that sellers are expected to impose a reduction in transportation and insurance costs to dealers termed Cost, Insurance […]

Workload of Myanmar ports doubles in last decade

The workload of Yangon Port in Myanmar has doubled in the last ten years, according to Myanma Port Authority (MPA). The amount of workload during the fiscal year of 2003/4, when compared to 2012/3, has doubled. “MPA has also invited private businesses to cooperate in upgrading Port of Yangon, the main port. Workload of Yangon […]