THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]
Sino-Myanmar border trade falls by $562 mln in Q1
January 16, 2019 by
The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]
Rice export declines within eight months
January 8, 2019 by
Myanmar only exported over 1.5 million tons of rice and broken rice within eight months from April 1 till December 14, according to Myanmar Rice Federation (MRF). Myanmar earned about US$288 million from more than 800,000 tons of rice and broken rice export through border trade routes and over US$240 million from over 700,000 tons […]
Border trade between Myanmar and India reaches USD 87 million
October 4, 2018 by
Border trade between Myanmar and India has reached 87 million U.S. dollars as of Sept. 21 during the six-month transitional period which started in April this year, according to Myanmar’s Commerce Ministry on Sunday, Xinhua reported. Myanmar has changed its fiscal year period from original April-March to Oct-Sept beginning 2018-2019, producing a six-month transitional gap. […]
Myanmar earns US$538 M from CMP garment export
June 28, 2018 by
Myanmar earned US$538 million from CMP garment export and US$433 million from natural gas export in April and May, according to Ministry of Commerce. Myanmar exported US$2.4 billion worth of products in this period. The CMP garment export also topped the export list in the same period of last year with US$277 million, according to […]
Border trade increases by $196 million
June 12, 2018 by
Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]
Border trade down by $165 million
September 5, 2017 by
The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]
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