Industry lobbies for gold and diamond trade to be legalised

Industry bodies have asked the government to strike gold and diamonds from its list of restricted goods, saying it would boost government earnings and help to combat smuggling. The Myanmar Gold Entrepreneurs Association has filed a proposal with the Ministry of Commerce to lift restrictions. At present, gold and diamonds can only be traded overseas […]

China sucks in Myanmar sugar

High demand from China is boosting Myanmar’s sugar exports, as world prices for the sweetener also increase on the back of forecasts of a global production deficit over the next two years. Traders estimate about 100 trucks a day are crossing the Myanmar-China border carrying sugar. So lucrative is the business becoming that even rice […]

Myanmar to mull tariff cut for Taiwan’s fabrics following an economic summit

TAIPEI — Myanmar has agreed to study the possibility of lowering its tariffs on imported Taiwanese fabrics, a move seen as a goodwill gesture following an economic dialogue held by Taiwan and Myanmar, the Ministry of Economic Affairs said Saturday. A Taiwanese delegation led by Yang Jen-ni (楊珍妮), head of the MOEA’s Bureau of Foreign […]