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Black market fills the gap as drug quotas create shortage of opioids

Low domestic production and strict controls on the import and distribution of opioid medicines has created a shortage of pain-killing drugs, forcing some to turn to the burgeoning black market for relief. A CALM and peaceful atmosphere prevails at the U Hla Tun Hospice, a palliative care facility in Yangon’s East Dagon Township where treatment […]

Myanmar on track for economic growth, says ADB

The Asian Development Bank (ADB) has released its report on economic outlook of the region, including Myanmar, for this year. The Asian Development Outlook 2019 Update report, released on Wednesday in Manila, provides analysis of macroeconomic issues in developing Asia, including new growth forecasts by country and region for 2019 and for 2020. In the […]

Pig, pork product imports remain suspended as swine fever continues to spread

Myanmar continues to restrict imports of pigs and pork products following an outbreak of African swine fever (ASF) in neighbouring China and other countries, according to the Livestock Breeding and Veterinary Department under the Ministry of Agriculture, Livestock and Irrigation. The department has temporarily suspended transport and trading of live pigs and pork products from […]

India maintains curbs on bean imports

India’s Ministry of Commerce and Industry informed Myanmar last week that it is maintaining a ban on imports of beans. Myanmar’s Office of the Commissioner of Customs was informed last Thursday that the imports of peas (yellow peas, green peas, dun peas and Kaspa peas) and pulses (black matpe, toor dal) from Myanmar were to […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Border trade increases by $196 million

Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]

Myanmar considers direct imports, new infrastructure to lower domestic fuel costs

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in Asia. The move took place during a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI […]

India explores “cheap power” sales to neighbours

India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term basis and wants state utility NTPCBSE -0.92 % to expand overseas, its power minister said on Tuesday. Indian companies such as Reliance PowerBSE 1.98 % Ltd and Adani Power Ltd have already signed agreements to supply power to Bangladesh, […]

Falling farm prices, currency hit Thai-Myanmar trade

TAK: Trade value across the border with Myanmar border in Mae Sot district dropped more than 10% last year on falling prices in the agricultural sector and a drop in the value of the kyat. Suchart Triratwattana, the chief adviser of the Tak Chamber of Commerce, said on Wednesday border trade between the district and […]