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Tough time for Mandalay’s iron smelting businesses

The iron smelting industry using iron scraps is facing challenges to survive, according to the business managers and owners in Mandalay. The industry’s challenges include the lack of technology, capital, skilled labour as well as regional competition – key difficulties shared by small and medium-sized enterprises (SMEs) in other sectors. What iron melting factories in […]

Unlicensed forex traders hauled in for questioning

Investigations are under way on several “Lay Patkar” traders, or unlicensed speculators dabbling in illegal trading of foreign exchange, a senior official from Yangon Police Force told The Myanmar Times. After the dollar-to-kyat exchange rate hit a high of K1,642 in the local market on September 20, four dollar traders from Shwe Bon Thar Street […]

Timber auctions temporarily suspended as illegal trading rises

Auctions for timber rejected by the Myanma Timber Enterprise (MTE), which are conducted by the Forest Department under the Ministry of Natural Resources and Environmental Conservation, have been suspended since December 29, ministry officials confirmed. The auctions, which are typically held across the regions and states, have been temporarily suspended in an attempt to control […]

Thailand and Burma Set Sights on Boosting Bilateral Trade

On the heels of the launch of the Asean Economic Community in January, Burma and neighboring Thailand are making plans for a multi-billion dollar trade boost next year. Thailand is second only to China as Burma’s largest trading partner, and both countries are hopeful that they can make strides toward growing total trade volume by […]