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Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

On Myanmar border, a city thrives

Opening-up has played a key role in the economic development of Tengchong, Yunnan province, both in the past and today, local authorities say. “It is not hard to see that all the economically active periods in Tengchong’s history were those when we had close contacts and deep exchanges with South and Southeast Asia, and the […]

Thai-Myanmar border commerce to double by 2026

The value of border trade between Thailand and Myanmar is expected to double to US$12 billion by 2026, says the assistant spokesman of the Prime Minister’s Office. The cabinet has approved the proposed draft of policies and initiatives for the ninth Meeting of the Myanmar-Thailand Joint Commission, as diplomatic relations between the two nations turn […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Myanmar Banks ‘Facing Five Key Challenges’

YANGON – MYANMAR’S HOPE of becoming an investment destination in Asean may fade away if the country fails to address five major challenges in its financial sector, experts said at the launch of a GIZ banking report titled “Myanmar’s Financial Sector: A Challenging Environment for Banks” last week. During a PowerPoint presentation and a panel […]

Ban on Burmese Gemstones Lifted, Task Force Visits Myanmar- AGTA

October 24, 2016 – Dallas, TX — Responding to the concerns of its members regarding U.S. sanctions and perceptions of the Myanmar Gem and Jade sectors, the American Gem Trade Association (AGTA) developed a coalition of the U.S. Jewelry Industry to make a scoping mission to Myanmar. This mission was similar to past AGTA efforts […]

Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]

Seeds No Longer Need Inspection: Ministry

The Ministry of Commerce (MOC) announced that it has withdrawn the need for phytosanitary certificates to import seeds. Previously, if a company wanted to import seeds, they needed both a phytosanitary certificate as well as an import certificate, which would have to be submitted together to the Department of Agriculture. Seed importers also had to […]