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Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

Tourism ministry eyes Myeik Archipelago

Myeik Archipelago could soon become a choice destination for luxury cruise passengers. The Ministry of Hotels and Tourism is planning to develop tourism in the area along with local investors, said Minister U Ohn Maung. “Thai investors interested in developing tourism in Myeik Archipelago contacted us, but we would prefer to deal with local investors […]

Timber extraction suspended nationally for remainder of year

THE Myanmar Timber Enterprise has suspended timber extraction for the remainder of this financial year throughout the country, it has been learned. As for Bago Yoma, timber extraction will be suspended over a 10-year period due to the fact that Bago Yoma has experienced the worst rates of deforestation in Myanmar. In order for the […]

Over-Extraction, Chinese Slowdown Blamed for Jade Price Slump ​​

RANGOON — With the government’s biannual gem emporium looming at the end of this month, prices for Burmese jade have continued to slide against weakening demand. Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma. […]