Ministries join forces to legalise casinos

Several ministries are in the process of repealing the 1986 Gambling Law that forbids the operation of casinos in the country in the hope that legalising gambling will spur tourism and boost revenue, but some people are lukewarm about the move. The ministries of Hotel and Tourism, Planning and Finance, and Home Affairs are spearheading […]

Cost of petrol up on the back of rising oil prices

Local petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On November 15, local petrol prices reached a high of K815 per liter of 95Ron and K775 per liter of 92Ron. Meanwhile, prices hit K785 per liter of 10ppm diesel […]

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 […]