Kyat rebounds after re-export activities suspended

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]

Import of Diesel to Myanmar, Calling Interested parties.

Numaligarh Refinery Limited (NRL), a Government of India Enterprise, operating a 3 million metric tonnes per annum (60,000 bpd) petroleum refinery is looking for interested parties in Myanmar to import NRL diesel at Tamu, Myanmar and establish a market for its products in the Sagaing region. -Source of supply: Numaligarh Refinery in Assam, India -Distance […]

Numaligarh Refinery Limited, Expression of interest, For import of Diesel at Tamu, Myanmar.

Numaligarh Refinery Limited(NRL), a Government of India Enterprise, operating a 3 million metric tonnes per annum (60000 bpd) Petroleum Refinery located at a distance of around 425 kms from Moreh(India)- Tamu(Myanmar) border invites Expression of Interest (EOI) from interested parties in Myanmar to import NRL diesel at Tamu, Myanmar. NRL is interested to export diesel […]

Yangon government plans to buy, store fuel in attempt to control prices

As domestic fuel prices are expected to rise faster than global prices, the government will hedge against price volatility by buying and storing petrol onshore as demand rises during the coming fiscal year, said Yangon Chief Minister U Phyo Min Thein. Fuel, gasoline and diesel are vital for facilitating the flow of trade in Myanmar. […]

Car import permits down 60pc in 2017-18

Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]

India Exports Diesel to Myanmar; Aims for Stronger Trade to Contain China

India has been bidding to strengthen socio-economic ties with Myanmar as part of its ‘Act East’ policy but its latest overtures are being viewed as tactics largely aimed at containing Chinese influence. NEW DELHI (Sputnik) — India has dispatched the first consignment of diesel to Myanmar ahead of Prime Minister Narendra Modi’s two-day official visit […]

India starts exporting diesel to Myanmar

NEW DELHI (Reuters) – India has started exporting diesel to Myanmar via a land route, in a boost to Prime Minister Narendra Modi’s pledge to enhance hydrocarbon trade with neighbouring countries. Modi, who is due to start a three-day visit to Myanmar on Tuesday, wants to expand ties with eastern neighbours to develop India’s landlocked […]

Ford opens Yangon factory

The government and motor giant Ford jointly opened a car assembly plant in Yangon on July 21. Ford worked with Capital Automotive Limited and Capital Motors Limited to open the factory at the industrial zone in east Dagon Myothit. Khin Tun, chairman of Capital Automotive, praised the collaboration. The Capital Motors factory puts together Ford […]

Dawei port grows busier

The number of cargo ships arriving at and leaving Dawei port in Taninthayi Region has significantly increased this year compared to the same period last year. From January to April last year, 107 ships entered and exited the port trading 56,693 tonnes of goods. However, in the same period of this year, there were 111 […]

Indian Railways to export 18 diesel locomotives to Myanmar

Subscribe to our tender alert mailing list The Indian Railways will export 18 modern diesel locomotives to Myanmar soon. The engines worth about Rs 200 crore are manufactured at the Diesel Locomotive Works (DLW) in Varanasi. The first lot of six locomotives are ready to be shipped next month, while the rest will be delivered […]