Trade deficit hit US$1.4 billion in past three months

Myanmar’s trade deficit reached US$1.4 billion in the past three months, according to the Commerce Ministry. External trade from 1 April to 30 June this was an estimated $7.7 billion. Exports were worth $3.2 billion and imports were $4.6 billion. Myanmar’s export market includes extractives including minerals, natural gas, agriculture and fisheries products. Agribusiness plays […]

External trade value hit over US$15 billion

The value of external trade as of 28th October in this fiscal year 2016-2017 reached over US$- 15billion, very close to that of last fiscal year, according to statistics from the Ministry of Commerce. The trade value from 1st to 28th October in this fiscal year was US$15,067.626million, and in the same period last fiscal […]

Burma Removes Hundreds of Names from Blacklist

RANGOON — The names of some 600 foreign and Burmese nationals were removed from Burma’s blacklist, the Ministry of Labor, Immigration and Population told The Irrawaddy on Thursday. A move that was pledged by Union minister Thein Swe as part of his ministry’s 100-day plan, led to the removal of 607 names—more than 200 Burmese and 300 […]

Myanmar Gas Exports Worth $3.3Bln Last Year After Slight Drop

YANGON — Myanmar’s earnings from natural gas exports fell in the last fiscal year as more of the resource was consumed domestically but shipments of greater volumes to China as a new pipeline comes up to speed are expected to boost earnings this year. Myanmar earned $3.299 billion from the export of gas during the […]

Myanmar Gas Exports Seen Rising on Ramping Up of New China Pipeline

Myanmar’s earnings from natural gas exports fell in the last fiscal year as more of the resource was consumed domestically but shipments of greater volumes to China as a new pipeline comes up to speed are expected to boost earnings this year. Myanmar earned $3.299 billion from the export of gas during the 2013-14 (April/March) […]