Beans and Pulses Traders Hopeful to Tap China Market

​​ Beans and pulses produced in Myanmar have long relied on the Indian market, but the industry has started broadening their horizons to another giant market – China, said U Aung Soe, director general from Myanmar’s Trade Promotion Organisation under the Ministry of Commerce. A delegation, which consists of officials from the ministry and nine companies […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

Investments, Solutions Needed on Back of Black Bean Price Collapse

Despite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more investments are needed to support ailing farmers. While demand for mung beans and pigeon peas from China, Nepal and Pakistan has been able to […]

The role of AustCham Myanmar in the Myanmar economy

Australia is proving an important and growing trading and investment partner for Myanmar. The bilateral trade between Australia and Myanmar reached US$144 million in 2016, according to Myanmar’s Ministry of Commerce. Ms. Jodi Weedon is CEO of the AustCham Myanmar (Australia-Myanmar Chamber of Commerce), which was set up in March 2013. In a recent interview […]

Yangon furniture zone in the works

Local furniture makers and Yangon Chief Minister U Phyo Min Thein met recently to thresh out details of a planned furniture industrial zone aimed at developing the country’s furniture industry. The planned industrial zone is also expected to boost the quality of the furniture products intended for exports, according to Kyaw Kyaw Win, president of […]

Legislation for Rubber Sector Being Drafted

The government, in cooperation with the Myanmar Rubber Planters and Producers Association, is currently drafting legislation for the rubber industry. Efforts are being exerted for a Rubber Central market to come out once a Rubber Law is instituted. At present, officials from the Myanmar Rubber Planters and Producers Association and related ministries including the Ministry […]

Myanmar rubber exports set to rise even as global prices take a beating

The price of rubber has fallen below its cost of production in major exporting countries. Yet, international demand for rubber produced in Myanmar has risen and insiders reckon things could remain upbeat for a while more. “Myanmar rubber production will certainly increase on the back of rising international consumption and demand,” U Myo Thant, vice-chair […]

Draft foreigner laws reincarnated as DICA announcement

ELEMENTS of the draft foreigner laws are back, in another form, to haunt businesses and investors. The government’s newly expanded requirements on hiring foreign employees have been criticised as “burdensome and disruptive” and “another incarnation” of the draft foreigner laws which were submitted to the legislature in February. A leading legal expert has described the […]

Collier Propety Report – Yangon Retail Q3 2017

Retail Market Gains Further Momentum Yangon continues to shift towards retail modernisation. In fact, the opening of St. John City Mall and Junction City Shopping Mall defined further quality improvements over the recent quarters. Given robust demand, Colliers expects that supply will build up and more innovative trends will persist. We see especially strong growth […]

Need to reduce consumption rises as fuel imports surge

As fuel can be imported freely from overseas, the volume and value of fuel imports into Myanmar is expected to rise this year compared to last year, U Khin Maung Lwin, Assistant Secretary from the Ministry of Commerce, told The Myanmar Times. “Gasoline has been allowed to be imported regularly into Myanmar. As the private […]