DKSH to drive Herballines’ sales in Myanmar

DKSH, the leading Market Expansion Services provider with a focus on Asia, has started a partnership with Paradise Products Company Limited, a leading personal care manufacturer from Myanmar, to drive market share of its Herballines brand in its domestic market. Yangon, April 28, 2017 – DKSH Business Unit Consumer Goods, Asia’s leading Market Expansion Services […]

ADB Trade Finance Program Marks Milestone with First Transaction in Myanmar

The Asian Development Bank’s (ADB) Trade Finance Program (TFP) has issued its first guarantee for Myanmar, supporting the import of fertilizers from Italy. The guarantee was issued in favor of Banca Popolare di Sondrio in Italy in respect of the payment obligation of United Amara Bank (UAB), one of TFP’s local partner banks in Myanmar. […]

External trade value reaches US$17billion, over US$2700million in trade deficit

External trade value as of 2nd December in this fiscal year 2016- 2017 totaled US$17,521.102million, with US$2,792.774million in trade deficit, according to the Commerce Ministry. In the similar period of last fiscal year, the external trade value was US$18,209.307million with a trade deficit of US$3,888.887million. The trade value this year slumped by US$688.250million when compared […]

Trade value slumped by over US$855million compared to similar period in last FY

Trade value as of 25th September in this fiscal year slumped by US$855.644million when compared to the similar period of last year, according to the statistics of the Commerce Ministry. The value of trade through sea trade as of 25th September in this fiscal year was US$12,096.291million whereas that in the previous fiscal year was […]

BLP to open in Myanmar with ex-Bakers Yangon MP

Berwin Leighton Paisner (BLP) is set to open an office in Myanmar after hiring Chris Hughes, formerly the managing partner of the Baker & McKenzie office there. Hughes, who will head the Myanmar office for BLP, stepped down from his previous role in late August. An emerging markets transactional specialist, he worked on finance deals, […]

Yangon is 44th priciest city in Asia Pacific

Expatriates and locals alike are complaining about the rapid increase in the cost of living Yangon should remain an attractive work place for expatriates, if their employers base the relocation decision on ECA International’s cost of living survey. The survey, released yesterday, showed that Yangon is the 44th cheapest city in Asia Pacific and 204th […]

Myanmar’s trade volume nearly hit US$16bn

Myanmar’s total trade volume has nearly hit US$16 billion in the first nine months of fiscal year 2013-14, according to the Ministry of Commerce. The trade volume reached US$15.92 billion between April 1 and December 6, which is US$3.65 billion up from the same period last year. The government has targeted US$25 billion for the […]

Unilever receives licence to open Myanmar branch

U.K-based multinational Unilever has been granted permission to open a branch office in Myanmar. The Directorate of Investment and Company Administration issued a temporary license to Unilever under services category through the one-stop service system last Wednesday. Established in 1930, Unilever is a consumer goods company which now distributes over 400 brands to 180 countries. […]