Photo shows workers at a garment factory in Yangon. (Photo-Zeyar Nyein) Out of total export value in the six-month mini budget from April to September this year, earnings from export of CMP garments reached the largest amount with US$2.2 billion, exceeding over US$1 billion compared to the same period of last year, according to the […]
Myanmar to export gold to foreign markets
October 1, 2018 by
Myanmar will export gold to Shanghai, Dubai and Thailand, said Dr Ye Thu Aung, director of Myanmar Gold Development Public Co., Ltd at a ceremony to open One Stop Services Center (OSSC) at Myanmar Culture Valley in the People’s Squares in Yangon on September 24. The OSSC will provide one stop services for exports and […]
UMFCCI suggests four points for the country’s economy
September 4, 2018 by
Zaw Min Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) submitted the four-point suggestion to Myanmar State Counsellor Aung San Suu Kyi. On August 27, Myanmar State Counsellor Aung San Suu Kyi held a talk with local entrepreneurs at Nay Pyi Taw. The four points are: export promotion, […]
Economic outlook negative: UMFCCI
August 29, 2018 by
Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]
Economist warns of adverse impacts on kyat depreciation
August 8, 2018 by
MYANMAR’S government has been urged to rein in the rise of the kyat and ease the impact of a decline in export competitiveness on the country’s manufacturing and agricultural sectors. The economy could be in deep trouble, if the exchange rate continues to appreciate against the US dollar, said U Myint, who served as the […]
PTT’s Expansion Plans Will Benefit Myanmar’s Natural Gas And LNG Sector
August 7, 2018 by
Myanmar’s energy sector will benefit from PTT’s overseas expansion strategy, as the state-owned looks to diversify away from the mature and saturated Thailand market. PTT’s focus will be on natural gas, demand for which is expected to expand at a robust rate in Myanmar, alongside shifting government power policy. PTT investment will improve domestic gas […]
Yoma Strategic unveils new plans, new name
July 6, 2018 by
The family-run holdings company behind Yangon luxury developments Pun Hlaing Estate, StarCity and Yoma Central announced on June 26 that the real estate portion of their business dealings will be rebranded under the name Yoma Land and that they will also be delving into “mass market product offerings.” While Yoma Land Managing Director Cyrus Pun […]
Rubber export earnings decline
July 6, 2018 by
Rubber export earnings declined during two-and half-month mini budget period due to a drop in global rubber price, according to the Commerce Ministry. Myanmar exported more rubber than the previous year in two-and half-month fiscal year. Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry said: “Last year, the country earned US$ 53.641 million […]
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