Foreign firms have invested over $1bn in Thilawa SEZ

Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration. Among the remainder of the foreign investment, $101.2 million went to the commodity trading […]

Philippines invites tender for Myanmar rice

The Philippines’ National Food Authority has invited a tender for Myanmar to supply the country with rice, according to the Ministry of Commerce. The Consumer Affairs Department, under the ministry, held a meeting at its office in Yangon Region on Saturday to discuss the tender invitation. The discussion focused on exports of rice to the […]

Adjustment to Dawei contract eyed

THE Myanmar-Thailand Joint Coordinating Committee (JCC) for development of the Dawei Special Economic Zone (DSEZ) has agreed to work on ways to speed up construction of the initial phase of the project. To do so, it is considering renegotiating the initial-phase contract to make construction of the 138-kilometre two-lane road link between Thailand and Myanmar […]

Foreign Firms Allowed Trade Agricultural Products, Constructional Materials

Myanmar has allowed foreign companies to engage in both wholesale and retail trading of fertilizer, pesticide, seeds, hospital equipment and construction materials, according to Notification 36/2017, issued by the Ministry of Commerce. Foreign firms are allowed to do so in line with prescribed health and safety codes and international trade procedures so that the country […]

Foreigners can now trade in Construction Materials, Hospital Equipment, Fertilizers, Seeds and Pesticides without having to JV with Myanmar citizens

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Under Ministry of Commerce Notification 36/2017 foreign-owned companies can now trade, import, wholesale and retail the following items: Construction Materials Hospital Equipment Fertilizers Seeds Pesticides Previously only local Myanmar companies and foreign JV were allowed to be […]

Ministry, UMFCCI Join Calls for Import Substitution as Import Rises

The import volume has increased by US$600 million, compared to the same period from the previous fiscal year, according to 2017-18 trade statistics up till May from the Ministry of Commerce (MOC). Total trade volume from April 1, 2017 to June 2, 2017 is $5.07 billion – an export of $1.9 billion and import of $3.11 billion. When compared to last year’s performance, export increased by about $100 million while Myanmar imported $600 million more than last […]

Supporting SMEs, Manufacturing Locally and Operating in Underdeveloped Areas Criteria for FDI Approval, Official Says

A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or reject foreign investment proposals. The government will scrutinise every foreign […]

China-Myanmar Border Economic Cooperation Zone Location Speculated

Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State. On May 17, the Communist Party-run newspaper quoted […]

Over 14,000 motorbikes imported via borders in one week

MORE THAN 14,000 motorcycles worth US$7.02 million were imported within a week in May over land ports of entry, according to the official figures issued by the Ministry of Commerce on Friday. Myanmar bought a total of 14,330 bikes from China, Thailand and India via border trade camps between 13 and 19 May of this […]

KBZ to provide 24-hour service for trade-related payments via MPU

Kanbawza Bank has prepared to offer its around-the-clock service for trade-related payments through Myanmar Payment Union-MPU system, said U Aung Kyaw Myo, Deputy CEO of the KBZ Bank. The announcement for the payment system change came at the workshop on trade transaction payments with Myanmar Payment Union (MPU) system and expanding the fully online licensing […]