Regions and States Seek Permission to Operate Casinos

FIVE regional and state chief ministers have sought permission to operate casinos in hotels in their respective territories during a meeting with Vice President U Henry Van Thio in Nay Pyi Taw in last month, according to U Yan Win, chair of Myanmar Tourism Federation. The chief ministers from Mandalay, Tanintharyi, Shan, Kayin and Mon discussed […]

New China-Backed Industrial Zone Being Constructed in Ayeyarwady

The Myanmar Investment Commission (MIC) has approved the construction of a new industrial zone in Maubin township, Ayeyarwady region, said MIC secretary U Aung Naing Oo. The Maubin Industrial Zone is now being developed on 250 acres of land in Maubin. Construction of the zone commenced in May this year, although official MIC permission was […]

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 […]

Three Gas-Generators to supply electricity needed for Myawady

Myawady, a Myanmar-Thailand border area town, is going to be supplied electricity needed for the town’s power consumption starting from November 2017 with three gas generators which produce 2 mega-watts each. Presently, efforts are being made for the full acquisition of 8 mega-watts bought from Thailand, according to Shwemyit Thaungyin power distribution enterprise. At present, […]

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, […]

Myanmar businessmen propose Muse FX exchange for China trade

Myanmar businessmen are lobbying the government to open a new state-run foreign exchange bank near Muse Trade Zone in response to China’s recent closures of Myanmar traders’ bank accounts along the Yunnan border, according to a report of Myawady Daily newspaper yesterday. In an effort to crack down on illegal gambling, smuggling and other illicit […]

MIC invites companies to submit proposals to build dry ports, bonded warehouses

Myanmar Investment Commission has invited companies to submit proposals to build dry ports and bonded warehouses on the other bank of the Yangon River, Planning and Finance Minister Kyaw Win has said. Kyaw Win said this while speaking at a seminar held at the office of the Union of Myanmar Federation of Chambers of Commerce […]

Myanmar-Thailand Border Trade Exceeds $1bn

​​ Earnings from border trade between Myanmar and Thailand reached over US$1 billion this fiscal year compared to $160 million in the same period in last fiscal year, according to Directorate of Trade. Myanmar earned $1.025 billion from border trade with Thailand as of January 20 this fiscal year, according to statistics from the department. […]

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. […]

Myanmar fishery export market changes its destination

Myanmar’s fishery exporters made adjustments in their market after trade in Muse ground to a halt due to a series of attacksby ethnic armed groups in Shan State, merchants said. The prices of fisheries products are on the decline in the Muse market. Thousands of vises of live crabs, eels and prawns have spoiled by […]