External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Myanmar diesel imports rise as rice exports improve

Myanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]

China Yunnan courting Myanmar with investment and BRI

Myanmar’s economy is inextricably linked to neighbouring China. The country exports more than half its agriculture produce across the border, making China one of its largest trade partners. Meanwhile, China is also the largest investor in Myanmar, with total approved investments totaling US$19.1 billion as at August 31. As a whole, foreign direct investments from […]

Metal Ore Open Tender No.2/2017. Closing Date 18 Oct 2017

Subscribe to our tender alert mailing list (1) Ministry of Natural Resources And Environmental Conservation, No.(1) Mining Enterprise Invites to submit the sale tender quotation open tender in the United State Dollars. (a) Cathode Copper Lot.1 Cathode Copper Lot.2 Cathode Copper Lot.3 Cathode Copper Lot.4 657,903 Ton Monywa, Mine Site 700 Ton Monywa, Mine Site […]

Border trade down by $165 million

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Muse trade rises again after merchant accounts unfrozen

The Muse land port of entry saw trade values increase by US$100 million in first four months of the current financial year compared to same period of last year, said the merchants engaged in Muse border trade. The increase in trade is due, in part, to the unfreezing of bank accounts by China after a […]

Urbanisation does not mean all roads lead to Yangon

Linking secondary cities to Yangon or Mandalay as well as smaller towns in the regions will filter down economy activity in the two big cities to local regions, the author of Urban Myanmar said. Urban Myanmar, a policy note published by International Growth Centre, outlines how cities in Myanmar can become drivers of economic growth […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Great Hor Kham will invest in Nang Paw Hydropower project

The Great Hor Kham Public Company which was chosen to become one of the first six publicly listed companies in the Yangon Stock Exchange-YSX that opened in December 2015 is now aiming to invest over US$40 million in the Nang Paw Hydropower Project, according to the company’s report. The 20-megawatt Nang Paw Hydropower Project will […]

Border trade value using Individual Trading Card reaches over US$6.6 billion

The value of trade using the Individual Trading Card (ITC) as of 25th November in this fiscal year 2016-2017 reached over US$6.6 billion, about US$200million higher than that of last fiscal year, according to the Commerce Ministry. During the last fiscal year, the value of trade with ITC at the border gates was over US$6.4billion. […]