Rice and broken rice export hit 1.2million tonnes

The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]

Vendor Managed Inventory Scheme to begin in Thilawa SEZ

“Vendor Managed Inventory” (VMI) scheme will begin its operation in Thilawa Special Economic Zone (Thilawa SEZ), allowing alternative method for non-resident foreign companies to distribute their products into Myanmar. Such instruction about the new scheme was issued by Thilawa SEZ Management Committee on 7th October 2016. Warehouse operators in Thilawa SEZ will be required to […]

Myanma Timber Enterprise Tender. Auction Date 16 and 19 Dec 2016

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanma Timber Enterprise will sell teak & hardwood round logs and sawn timbers by open tenders in US Dollars particulars of the open tender sales are as follows: (a) DATE & TIME (16-12-2016) (12;00)Noon and (19-12-2016) (13;00)Noon […]

Myanmar’s smoking pipes and blackboards to penetrate international market

Businessmen in Chaungzon, Mon State are attempting to distribute Myanmar’s smoking pipes and blackboards, which have already caught the attention of many foreigners to the international market. Mon State Hotels and Tourism ministry will provide the capacity-building so that Myanmar’s smoking pipes and blackboards can more easily enter the international market. The small-scale businesses will […]

Natural gas core of export activity,followed by garment sector

Natural gas comprises 45 per cent of the export sector, by far the biggest chunk of the market, it is learnt from an announcement released by the Customs Department.The second most exported category is the garment sector, at 17 per cent. The export of natural gas in the 2015-2016 fiscal year fetched over US$4.3billion, whereas […]

Number of beekeepers increases due to foreign demand for Myanmar honey

With the demand for Myanmar’s honey on the rise from foreign countries, including the United States, private entrepreneurs engaged in honey bee keeping has reached about 750, it is learnt from officials. Myanmar’s honey is exported annually to the United States, Canada, South Korea, Singapore, Malaysia, Thailand, China and Japan. The bee-keeping business could help […]

Myanmar imports hit all-time high for this fiscal year

IMPORTS to Myanmar reached an all time high of US$13.6 billion this January, up $162 million from the previous year, according to an official from the Ministry of Commerce. The import volumes for this fiscal year were valued at US$13.6 billion according to figures received this year until the end of January, said Director U […]

UK provides $300m loan to boost exports to Myanmar

YANGON – The United Kingdom is seeking closer trade engagement with Myanmar, with US$300-million (Bt10.72 billion) in export financing to boost direct exports as well as drive infrastructure projects that require notable UK content. UK Transport Minister Lord Ahmad was here last Friday to unveil the export-finance facility, which will be extended directly to British […]

Government restricts forex to banks

Exporters and importers must use banks for foreign currency transactions, according to new government regulations. The new rules would be another step toward a functioning interbank currency market, but bankers are doubtful they can be immediately enforced. The government amended its 2012 Foreign Exchange Management Law last week to prevent exporters from selling foreign currency. […]

Chinese fruit traders extend reach into into Shan State

Chinese fruit traders are cutting out the middleman – extending their reach deep into upper Myanmar to deal directly with fruit farmers, rather than with brokers at the Muse border post. The Chinese traders are also opening their own retail fruit stores in Muse, Shan State. Myanmar companies based in Muse township normally buy fruit […]