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Reform of extractive state businesses delayed

The reform of Myanmar’s opaque and powerful state-owned enterprises (SOE) has been delayed for over a year due to sensitivity surrounding the industries. A public debate in Mandalay to reform Myanmar’s state-owned enterprises engaged in the extractive sectors was held under the work programme of Myanmar Extraction Industries Transparency Initiative (EITI), according to Department of […]

Myanmar continues efforts to generate international demand for local gems

The Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]

Myanmar to hold raw gems, jade fair

Myanmar will hold special sale of raw gems and jade in local currency Kyat in Nay Pyi Taw on Nov. 12-17, the Information Ministry said on Wednesday. Only local licensed and authorized buyers are allowed to attend the six-day fair, aiming to provide more raw materials to the country’s finished gem industry, promote development of […]

China’s 9 Air spreads its wings in Mandalay

One of China’s most popular airlines, 9 Air, began a Guangzhou-Mandalay route last week, boosting the country’s sagging tourism industry amid increasing interest in the jade market. From October 2, the airline started direct flights between the two cities three times a week, on Tuesday, Thursday and Saturday, according to Ji Guangping, chief of 9 […]

New data demystify Myanmar’s jade sector

Myanmar’s gemstone sector is opaque and unaccountable. In 2017, the country scored just 27 of a possible 100 points and ranked 83rd among 89 assessments in the Resource Governance Index. However, new data are helping observers to unpack this sector and inform eventual reform. In March 2018, the Extractive Industries Transparency Initiative’s (EITI) Myanmar office […]

Myanmar’s New Gold Mine is Dinosaur Amber

On the discovery of the “Amber hunter” for the discovery of the Jurassic Park-style of the Dinosaurs, through the rocks of precious resin in Myanmar – an attractive business that attracts the paleontologists but in the far north the struggle for decades also fueled. Kachin revolves around the merchants using the Amber Market torch and […]

55th Myanmar Gems Emporium continues on seventh day

The seventh day of the 55th Myanmar Gems Emporium fetched 86.866 million euros through the sale of 818 jade lots yesterday. Over 4,000 local and foreign merchants attended the sale, and a total of 1,150 jade lots from lot numbers 2,301 to 3,450 at a floor price of 4,000 euros and above were put on […]

Ministry of Natural Resources and Environmental Conservation, Central Committee for Holding Myanma Gems Emporium , The Information on Fifty-Fifth Myanma Gems Emporium 2018.

1. The significant Fifty-Fifth Myanma Gems Emporium will be held on June 20 to 29 , 2018 at Maniradana Jade Hall in Nay Pyi Taw . 2. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings , gold and silver wares and gemstone pictures will be sold in Euro currency at the Emporium. […]

Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Jade exports earnings plummet since last year

In the first four months of this fiscal year, jade export earnings reached US$24.8 million, down $85 million since the same period last year, according to an official from the commerce ministry. “In the same period last year, export earnings from jade amounted to $109.8 million,” the official said. “Revenues generated at the emporium held […]