The Road Transport Administration Department (RTAD) is planning to issue Form D slips to owners of old, modified vehicles so they can import new vehicles to replace them, according to U Lian Cin Mang, also known as Ngam Khai Pa Pa, the director of the department. “Vehicle modification is not allowed under the vehicle law. […]
RTAD to issue Form D slips for old modified vehicles; allow owners to replace them
October 3, 2019 by
Government proposes to raise import licensing fees
September 4, 2019 by
The government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]
Myanmar spends $1.8 bln on import of CMP raw materials
July 29, 2019 by
Myanmar’s imports of raw materials used by CMP (cut-make-pack) businesses exceeded US$1.8 billion between October and July in the present Fiscal Year 2018-2019, up by over $298 million from the year-ago period, the Ministry of Commerce reported this Friday. At this time last 2017-2018 FY, Myanmar spent $1.5 billion on importing CMP raw materials from […]
China-Myanmar oil pipeline carries 5 mln tonnes crude in H1
July 25, 2019 by
KUNMING, July 21 (Xinhua) — China imported 5 million tonnes of crude oil via the China-Myanmar oil and gas pipeline in the first half (H1), up 2.7 percent year on year, according to the Kunming Customs in southwest China’s Yunnan Province. The customs statistics available on Sunday showed that the import value amounted to 17.27 […]
Myanmar to ease decades-old alcohol import ban
July 1, 2019 by
Just months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the decades-old ban on alcohol imports. Assistant secretary U Khin Maung Lwin told The Myanmar Times that the ministry is currently drafting a bill […]
Sugar export licences to be suspended on lack of demand
April 9, 2019 by
The Ministry of Commerce (MOC) last month suspended 103 licenses to re-export sugar due to a lack of demand from China, said U Win Htay, deputy chair of the Myanmar Sugar and Sugarcane Related Products Merchant & Manufacturers Association. Out of 103 companies, 49 companies will have their trading registrations suspended for three months, while […]
Government prohibits import of frozen meat at Thai border
February 20, 2019 by
The import of frozen meat at the Myanmar border will be prohibited from March 1 onwards, U Khin Maung Lwin, assistant secretary of Ministry of Commerce (MOC), told The Myanmar Times. The border ban includes all forms of frozen meat, including red meat, fish and marine produce. However, importing via sea routes is still permitted. […]
Economic outlook negative: UMFCCI
August 29, 2018 by
Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]
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