Border trade down by $165 million

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Myanmar, Thailand negotiate to solve migrant labour issue

In an attempt to solve the growing problem of undocumented Myanmar migrant workers in Thailand who are returning to their homeland out of fear of a new labour decree, the two countries are negotiating on issuing official documents to workers, but the talks are still ongoing and incomplete, said Union Minister for Labour, Immigration and […]

Dawei port grows busier

The number of cargo ships arriving at and leaving Dawei port in Taninthayi Region has significantly increased this year compared to the same period last year. From January to April last year, 107 ships entered and exited the port trading 56,693 tonnes of goods. However, in the same period of this year, there were 111 […]

Myanmar-Thailand Border Trade Exceeds $1bn

​​ Earnings from border trade between Myanmar and Thailand reached over US$1 billion this fiscal year compared to $160 million in the same period in last fiscal year, according to Directorate of Trade. Myanmar earned $1.025 billion from border trade with Thailand as of January 20 this fiscal year, according to statistics from the department. […]

1,432 Hotel Licences Issued

​​ The Ministry of Hotels and Tourism says it has issued licences to 1,432 hotels and guest houses, including 27 with foreign investment. By last month the ministry approved 421 licences in Mandalay Region, 354 in Yangon Region and 290 in Shan State. There are reportedly more than 56,000 hotel rooms in the country with 17,700 in Yangon. There are five hotels with joint investment and 21 government-owned hotels. The ministry has allowed foreign-owned hotels in Yangon, Mandalay, Bagan, Kawthoung, Tachilek and Myeik. Investment in hotel construction reached more than US$3 billion. Singapore has led investment with US$1.6 billion, partly because it was used as a conduit by the US and other countries that imposed sanctions […]

S Korea to Help Build Myeik Power Plant

The Myeik Public Corporation explained its plans to build a gas-fuelled power plant in partnership with the Korea-based KMPI Company in Kyunzu Township, Taninthayi Region, at a stakeholder meeting on Thursday. The project would be a combined cycle power plant and cost US$565 million, according to Myo Aung, director of the corporation. He said: “First […]

Monsoon hits Mandalay’s tourism

Popular destinations in Mandalay have seen a significant decline in the number of tourists arrivals this month, as the monsoon season has arrived. The wet season runs from May to September. “Visitor numbers have declined during May. Yet, tourists from Thailand and China visit Mandalay almost every day. In the past years, boat drivers had […]

S. Korean bank to aid Myanmar IT project

YANGON, March 19 (Xinhua) — South Korea’s Export-Import Bank will assist Myanmar’s IT infra-network expansion project by providing a loan of about 56 million U.S. dollars to the project, official report said Thursday. The loan will be disbursed by South Korea’s Economic Development Cooperation Fund to pay for expansion of high-speed fiber links between Taunggyi […]

New domestic airline to begin flights in March

A new domestic carrier, Apex Airlines, will be among the first in Myanmar to offer dynamic pricing when it starts flying next month, a senior company official says. Chief operations officer Selva Kumar said Apex’s first aircraft, an ATR 72-600, would arrive in Nay Pyi Taw in mid-February, with a launch planned for late March. […]

Myanmar targets 4.5m tourists in 2015

The Ministry of Hotels and Tourism has set an ambitious target, aiming to draw 4.5 million foreign visitors this year. The visitors are expected to spend US$2 billion in the country. According to Myo Win Nyunt, a director, the ministry has been busy enlarging travel zones and making other infrastructure improvement to help tourists. “The […]