Gold and jewellery trade centres to open in three cities

Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]

Jade exports earnings plummet since last year

In the first four months of this fiscal year, jade export earnings reached US$24.8 million, down $85 million since the same period last year, according to an official from the commerce ministry. “In the same period last year, export earnings from jade amounted to $109.8 million,” the official said. “Revenues generated at the emporium held […]

Welcome to Mogok, Myanmar’s mysterious mining mecca

High in the hills of northeastern Myanmar, past a few sleepy army checkpoints on a stretch of road where mobile phones lose their signal, an ageing signpost set against a mountainous landscape reads: “WELCOME TO RUBY LAND”. This is the entrance to a little-known and seldom-visited town called Mogok, which is said to be the […]

Mogok residents hope to reclaim ruby trade

Mogok residents want one thing from the incoming government: the right to take back their rubies. Gem traders living and working in the Mandalay Region township, famed for the quality of its rubies, say most local mines are run by outsiders. Now they want the incoming National League for Democracy government to grant more operating […]

Myanmar’s once restricted sites attract foreign tourists

Myanmar’s once-restricted tourist sites are becoming places of interest among the foreign visitors, according to the Ministry of Hotel and Tourism. Many famous sites such as Mogok city in Mandalay Region and Mrauk Oo in Rakhine State were once barred to foreign visitors. Although many are now open, some still require special permits. “In Rakhine, […]