Export value via border trade camp reaches US$ 0.492 million within more than two weeks

The export value to Bandaladesh through the Maungtaw border trade camp, which was opened on 24th December after shutting down following violent attacks in November and October, has reached a volume worth US$ 0.492 million in the first 17 days of January. The camp saw exports resume on 1 January with a flow of fishery […]

Australia Wants AIIB to Invest in Coal Power

​​ Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]

Export entrepreneurs hope for reopening Maungtaw Border Trade Zone as soon as possible

U Aung Myint Thein, chairman of Maungtaw border trade’s merchants association said, “After a series of October 9 armed attack, Maungtaw border trade had been suspended. Goods which needed to be exported essentially were transported during November 14 to November 18 by linking with the neighboring country, but it stopped now due to the current […]

VPower Launches HK$1.94 bn IPO to Fund Expansion into Emerging Markets

Hong Kong generator and engines firm aims to target supply-short countries in Africa and Middle East VPower Group, which generates electricity from natural gas and diesel-based engines in regions of China and Southeast Asia short of energy supply, aims to raise HK$1.94 billion via an initial public offering to fund further expansion, particularly emerging markets […]

Sea-Water Dikes Essential For Agriculture in Coastal Areas on Rakhine State

Rakhine State Irrigation and Water Resources Management Department is planning to start maintenance work on Chanpyintar Sea-water Dike at the border of Myanmar and Bangladesh as soon as security in Rakhine State improves. “We will start maintenance tasks on Chanpyintar Sea-water Dike as soon as possible as we have been permitted to do so by […]

Myanmar Rice Market Encounters Challenges

The Myanmar rice market is being faced with many challenges in its attempt to enter the highly competitive international market. Concerted efforts need to be exerted by all the stakeholders who are engaged in supply chain and the officials concerned to maintain a stable price, to make a profit for those who are participating including […]

Cambodian Garment Workers Urged to Boost Sectors Productivity as Bangladesh & Myanmar Workers are Cheaper

Prime Minister Hun Sen yesterday urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony at the National Technical Training Institute, where he also pointed out […]

Axiata Unit to Raise Stake in Myanmar Tower Operations

KUALA LUMPUR (NewsRise) – Axiata Group, Malaysia’s biggest telecom operator by revenue, said its infrastructure unit is buying an additional 12.5% stake in a telecom tower company in Myanmar for $35 million. The deal, which involves purchase of 250,000 shares under a put and call option agreement with YSH Finance, will raise edotco Group’s stake in […]

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 […]

Border trade booming in Maungdaw

An absence this rainy season of what locals deem almost-annual landslides along the Buthidaung — Maungdaw road has augmented the flow of bilateral trade between Bangladesh and Myanmar through the border town of Maungdaw, border traders have told Myitmakha News Agency. U Thein Htun, an exporter based in Maungdaw, says the 16 mile-long trading route […]