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Border trade during Oct-Dec quarter down

BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Myanmar at losing end in border trade disagreements: leaders

Myanmar must take steps to negotiate bilateral trade agreements with its neighbours to avoid volatility in border trade with China and India, as the consequent losses for locals can be huge. “There is currently no precise policy for border trade. Every country should have a policy to deal with trade disagreements and volatility. Right now, […]

Rice export declines within eight months

Myanmar only exported over 1.5 million tons of rice and broken rice within eight months from April 1 till December 14, according to Myanmar Rice Federation (MRF). Myanmar earned about US$288 million from more than 800,000 tons of rice and broken rice export through border trade routes and over US$240 million from over 700,000 tons […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Beijing Urges Gov’t to Get Ball Rolling on China-Myanmar Economic Corridor

The vice chairman of China’s top economic planning agency has pushed Myanmar’s State Counselor to work out an implementation plan for the China-Myanmar Economic Corridor, a part of Beijing’s Belt and Road Initiative (BRI). China National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe held talks with State Counselor Daw Aung San Suu Kyi […]

Why India looks the other way on Myanmar

While the West moves to re-isolate Myanmar after a short period of re-engagement, neighboring India is taking a more realpolitik approach to reports of massive rights abuses by the nation’s security forces. Indeed, India is doing its utmost to improve relations while the United States and European Union impose new sanctions aimed specifically at Myanmar’s […]

China, Myanmar look into railway project linking Muse to Mandalay

China and Myanmar are looking into the feasibility of building a railway line from their border to the city of Mandalay, four years after a high-speed project was shelved. Two state-owned companies, China Railway Eryuan Engineering Group and Myanmar Railways, signed an agreement on Monday to begin the study on a proposed rail line from […]

Mining Enterprise invites to submit the tender quotation for sale of Metal Ores, Closing date: 16 November 2018.

Invitation for open tender No.2/2018 (1) Ministry of Natural Resources and Environmental Conservation, No. (1) Mining Enterprise Invites to submit the tender quotation sale open tender in the United State Dollars. (a) Cathode Copper (5000) M/T (15) Lot Group (1) (1)Lot 100 Tonnes each, 5 Lot  Monywa, Mine Site Group (2) (1)Lot 200 Tonnes each, […]

Cross-border trade slows due to renminbi fluctuations

Fluctuations in the value of the renminbi are having an adverse effect on China-Myanmar cross-border trade traders in Muse have told The Myanmar Times. China’s renminbi is the currency of choice for trade in the border region and a 10 percent drop in value is enough to cause businesses to lose money on deals, say […]