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Vietnamese ride-hailing FastGo launched in Myanmar

FastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]

Myanmar seeks new export markets for local cattle

Myanmar will seek new foreign markets to which it can export cattle, said Daw Tin Nwe Yee, a deputy director from the Livestock Breeding and Veterinary Department under the Ministry of Agriculture, Livestock and Irrigation. “We are working on exporting to India through Tamu-Moreh border trading point and will continue to legalise new routes,” she […]

Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

Myanmar to export gold to foreign markets

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 […]

Gold and jewellery trade centres to open in three cities

Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Mon State Missing Out on Rubber Profits

MAWLAMYINE, Mon State — Mon State rubber, which accounts for nearly half of Myanmar’s production of rubber, loses hundreds of millions of kyats in rubber exports because it is unable to produce high-grade rubber and relies solely on the Chinese market for exports, according to Mon State minister for agriculture, livestock, transportation and communications U […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

IP protection for a better mango

Trademark protection is in the works for Myanmar’s famous sein ta lone [diamond] mangos, according to Mandalay Mango Association chair Daw Than Than Swe. The fruit has been exported since 2006, but only began catching on in foreign markets around 2011. Sein ta lone mangos are growing in popularity overseas – one food reviewer from […]

Website launched for SMEs to access foreign markets

A new website ‘’myanmarsmelink.com’’ has been launched to provide local small- and medium-sized enterprises access to regional and international corporations. “The SME owners can express their needs on the website, for example: capital, technology or investors. In this way they can seek a partnership. The website is free of charge,” said an official at the […]