Retailers flag need to regulate e-commerce industry

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

CMP garment’s export earnings up $ 382 m

Garment sector earned US$ 759.172 million from exports of CMP garment, up US$ 382 million from the same period last year, according to the Commerce Ministry. Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry said: “Last year, export earnings from the CMP garment sector reached US$ 377.031 million.” The Commerce Ministry has prioritized […]

Toyota sees rising demand despite inability to issue Yangon license

Toyota Motors is seeing demand rise for its imported automobiles despite the inability to issue Yangon license plates allowing car owners to legally park in the notoriously congested city. The Japanese car maker yesterday launched the new Toyota Rush in Myanmar, where it hopes to sell up to 80 new units of the Rush within […]

China, Myanmar to sign MOU on Economic Corridor in 2018

China and Myanmar will soon sign a Memorandum of Understanding (MOU) on building the China-Myanmar Economic Corridor (CMEC), one of the highlight projects of the Belt and Road (B&R) initiative, according to reports by media in Myanmar. U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration of Myanmar, was recently […]

Myanmar earns US$538 M from CMP garment export

Myanmar earned US$538 million from CMP garment export and US$433 million from natural gas export in April and May, according to Ministry of Commerce. Myanmar exported US$2.4 billion worth of products in this period. The CMP garment export also topped the export list in the same period of last year with US$277 million, according to […]

Government announces new MIC appointments, U Thaung Tun as new chair

The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]

Myanmar earns over $3 billion in exports in current FY

MYANAMR earned US$3.024 billion from the export of domestic products to international countries between 1 April and 15 June of the six-month interim period which began April 1, according to the Ministry of Commerce. The country exported six major groups of commodities to its trade partners, including agricultural products and animal products, fisheries, minerals, forest […]

Commerce Ministry to sign MoU with Yunnan on agro exports

Ministry of Commerce will sign a MoU with Yunnan provincial government in June to officially export rice, sugar, maize and other agricultural products to China, said U Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry. “Trade Department will sign the MoU with Yunnan province government to export agro products to China and import […]

Agricultural exports volume plummets by more than $70m

Agricultural exports from Myanmar, which is an agriculture-based economy, have declined in value by more than US$70 million compared to the same period last year, according to the Ministry of Commerce. During the two months of the transition period, while the volume of trade exceeded by up to more than $900 million compared to the […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]