Rakhine commerce minister sees bright future for black bean exports

​​ The Rakhine State commerce minister is hoping around 10,000 tonnes of black gram beans will be exported to India from Sittwe this year, pending completion of the Kaladan Multi-Model Transit Transport Project. The Kaladan project will connect Mizoram in India to Sittwe, the capital of Rakhine State, via the Kaladan River. The project was […]

Maritime Trade Value Declines While Border Trade Value Increases

The value of trade through normal trade as of 11th November in this fiscal year declined by over US$328.406 million, while value of trade through border area increased by US$ 390.421million, according to the statistics provided by the Commerce Ministry. The value of exports as of 11th November in the current fiscal year was US$4,234.941million […]

Border trade tops US$3billion, a rise from previous fiscal year

Border trade as of 14th October in this fiscal year 2016-2017 reached over US$3billion, which is higher compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. Border trade value from 1st April to 14th October in this fiscal year fetched US$3,790.3million, which is up from US$3,451.254million […]

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year […]

Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]

Rakhine’s coastal waters still plagued by off-shore fishing vessels

The illegal entry of off-shore fishing vessels into Rakhine State’s shallow, coastal waters has reportedly see a depletion in amount of fish being caught by near-shore fisherman, Myitmakha News Agency has been informed. The Department of Fisheries has demarcated a territory ten-miles from the shore as an area exclusive to near-shore fishing vessels, but off-shore […]

Buddhist nationalists protest Myanmar govt’s policy on naming Rohingya

NAYPYITAW, Myanmar – The National League for Democacy government argues that saying either Bengali or Rohingya is unnecessary, inflammatory and appears to believe it’s own term will help to reduce tensions. Buddhist hardliners on Sunday staged protests across Rakhine state against the National League for Democracy government’s (NLD) call for Rohingya Muslims to be referred […]

Myanmar Boom Wanes as Overcapacity Bites

When Myanmar opened to the world back in 2012, the country experienced a rapid expansion in air travel. Thirteen foreign airlines carried roughly 2 million international passengers. By 2014, the international market had jumped to 3.2 million passengers traveling with nine foreign airline groups, bringing the total number of international carriers to 22. But now the […]

Fake peanut oils push firms to bankruptcy

Around 90 per cent of peanut oil dealers went out of business in the last two years since substandard and fake varieties started to dominate the market, according to producers. “The fake oils need to be stopped,” said a manufacturer. “It just takes a few chemicals to make palm oil smell and look like peanut […]

FMI Air Starts Yangon-Sittwe Flights; Introduces Upgraded Check-in

Local carrier FMI Air has begun a scheduled direct service from Yangon to Sittwe in Rakhine state. The service will run five days a week from Monday to Friday, and one way ticket will be sold for $65 during the promotion period until September 11. Mark Collins, chief operating officer of FMI Air, said, “There […]