Border Trade: MACCS to be Launched in March

​​ The Myanmar Automated Cargo Clearance System (MACCS) meeting was held at the Union of Myanmar Chamber of Commerce and Industry (UMFCCI) on March 7, is planned launch later this month according to Win Thant, the Director of Customs Department. To facilitate trade, MACCS was launched at international ports, Yangon Airport International Cargo Terminal and […]

Thai Border Trade Tops $1.1b

​​ Cross-border trade with Thailand exceeded US$1.13 billion this financial year until February 17, according to the Ministry of Commerce. Myanmar imported more than US$870 million worth of goods from Thailand and exported just US$250 million, it said. Myanmar trades with Thailand mainly through the Tarchilek border in Shan State, Myawaddy in Kayin State and others in Tanintharyi Region and […]

Govt mulls B4.5bn loan for Myanmar

Thailand is considering granting a 4.5-billion-baht loan to Myanmar to fund an infrastructure development project including the planned construction of a 132-km long road to stretch from the Thai-Myanmar border in Kanchanaburi to the Dawei special economic zone in the neighbouring country. Transport Minister Arkhom Termpittayapaisith revealed this on Tuesday, saying the loan request was […]

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 […]

Myanmar-Thailand to solve East-West Economic Corridor connectivity bottlenecks

Myanmar has accepted Thailand’s 1.8-billion-baht project to improve its Thaton-Ein Du highway, a section of the East-West Economic Corridor, and asked the latter to improve other roads along the corridor. The move is in line with the Thai cabinet’s approval on Tuesday for the Highways Department to conduct the task, and both countries would form […]

Thai delegation visits Myanmar

Deputy Prime Minister Somkid Jatusripitak is scheduled to lead a Thai delegation to Myanmar on Feb 2-3, seeking to expand bilateral trade and investment as well as border trade. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the delegation will include 40 representatives who will meet Myanmar businesspeople to discuss possible partnership on […]

ADB Urges Myanmar to Fix Big Infra Gap

​​ EVEN THOUGH Myanmar is at a critical juncture politically, socially and economically, it has a substantial infrastructure gap that needs to be tackled as a priority, said Winfried Wicklein, Asian Development Bank’s country director in Myanmar. “I think it is important to start the development quickly to get some early runs on the board. […]

Myanmar’s Road Construction Plans: Potholes Ahead

Despite a proven wealth of natural resources and a large, albeit suppressed, domestic market, Western interest in Myanmar has so far been limited. Asia, however, is taking far more notice. While immediate neighbors China and Thailand look to promote their own regional priorities in Myanmar, East Asian nations, such as Japan and South Korea, have […]

Ooredoo hits half a million on 4G

Ooredoo has racked up half a million 4G users since it became the first telecoms operator to roll out fourth-generation services in Myanmar in May, and is looking forward to a planned spectrum auction that would help it expand coverage, chief executive Rene Meza told The Myanmar Times. When it launched 4G the Qatari firm said […]

Gold smuggling thrives across Myanmar’s borders

The thriving illegal business in gold across Myanmar’s porous borders is likely to continue unchecked until the government legalises trade of the raw material, said traders and industry sources. Industry bodies have asked the Ministry of Commerce to strike the precious metal from its list of restricted goods, saying this would boost government coffers and […]