Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

Myanmar’s Oil Production Tipped to Decline; Fuel Imports to Increase

Myanmar will become increasingly dependent on imported crude oil and refined fuels over the next ten years because of a lack of planning and investment, an industry report has forecast. A rise in crude oil imports is highly likely in spite of an expected upsurge in onshore and offshore exploration in coming years, while underinvestment […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]