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RTAD to issue Form D slips for old modified vehicles; allow owners to replace them

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. […]

Government proposes to raise import licensing fees

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

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

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

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

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 […]

Aviation authorities continue to expand the cargo terminal at YIA

Aviation authorities are continuing the expansion of the new cargo terminal owned by Mingalardon Cargo Services (MCS) at Yangon International Airport (YIA), sources said. It will stock up all export and import cargos and can provide high quality aviation cargo services. The expansion work is expected to last about 14 months. At present, only the […]

Government prohibits import of frozen meat at Thai border

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. […]

Southeast Asia seeks ways to protect car industry

Several Southeast Asian countries are finding ways to protect their emerging car industries from imports, after eliminating auto duties by the end of last year. Indonesia, Vietnam and Thailand have introduced measures either to hinder imports or benefit local production, while Malaysia is looking at possible curbs on foreign car sales. The new trend is […]

Economic outlook negative: UMFCCI

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 […]