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Myanmar exports over one million ton of rice from Yangon ports

Myanmar exported more than one million ton of rice from Yangon ports between 2014-15 FY and 2017-18 FY, according to Myanma Port Authority (MPA). “Myanmar exported one million ton of rice from Yangon ports within four fiscal years and most of them are exported from Sule port terminal,” said Managing Director Ni Aung from the […]

Authorities plan to upgrade Sule jetty

Authorities are planning to upgrade Sule jetty to accomodate 30,000 DWT bulk carriers, according to Myanma Port Authority (MPA). The jetty alone handled about 700,000 tons out of 1.7 million tons of rice exported last fiscal year. Myanmar is expecting to export more than four million tons of rice in this year. The authorities are […]

Asia World Port Terminal bullish about Myanmar economy with long-term investment in 14 new pieces of equipment

Asia World Port Terminal (AWPT), developed, managed and operated by Asia World Port Management Company Limited (AWPM) and one of the leading players delivering efficient and professional port services in Myanmar, has invested in 14 new pieces of port equipment for the long-term. These include 9 new SANY Rubber Tyred Gantry (RTG), 1 Mobile Harbour […]

External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Yangon stock exchange risks opening under US sanctions

Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]