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 […]

Border trade down by $165 million

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Myanmar Exports Seek Their Own, Unique, Identifying Barcode in the Vast World of Retail Products

Companies wish­ing to export their products will be­gin applying to Belgium-based global barcode as­sociation, GS1, for their country specific bar code by the end of the year. With the assistance of the Myanmar Barcode Association, companies with international ambi­tions are applying for this unique, but universally recognized barcode, to identify their product as “Made in […]

Muse trade rises again after merchant accounts unfrozen

The Muse land port of entry saw trade values increase by US$100 million in first four months of the current financial year compared to same period of last year, said the merchants engaged in Muse border trade. The increase in trade is due, in part, to the unfreezing of bank accounts by China after a […]

Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

Myanmar Imports Thai Shrimp as Local Breeders Struggle to Meet Demand

Shrimp and prawn is being imported from Thailand as production from local shrimp breeders struggles to keep pace with domes­tic demand, U Kyaw Tun Myint, Chairman of the Myanmar Shrimp Asso­ciation, said. “Local supply can’t meet the local consumption rate. Myanmar is losing its market share because of unsuccessful shrimp breeding businesses,” U Kyaw Tun […]

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 […]

Traders wish for negotiations with Chinese for blocked bank accounts

Traders want the State to enter into negotiations with the Chinese government over 1,000 bank accounts of Myanmar merchants which are frozen by Chinese banks, merchants said. The Chinese government blocked the bank accounts which are used in transactions in the course of taking actions against illegal importers from Myanmar and Viet Nam. The bank […]

Myanmar’s edible bird nest industry comes home to roost

The cries of amorous swiftlets echo around the dark room, an unlikely gold mine for traders in southern Myanmar who are cashing in on rising demand for the edible nests from China’s growing middle class. Dozens of buildings dedicated to the tiny birds have sprung up around Bokpyin in recent years, their grey concrete structures […]