Thai Exim Bank to open rep office in Yangon

The Export-Import Bank of Thailand will open a representative office in Yangon, Myanmar, in April to assist the start-up or expansion of Thai companies there. Bank president Pisit Serewiwattana said.the Exim Bank has been given a licence to open an office in the former capital city by the Central Bank of Myanmar. The next step […]

Brazil sugar flows to Myanmar seen rising as Indian exports abate

Brazilian low quality white sugar flows are expected to increase to Myanmar, believed to be a gateway for sugar smuggled into China, as Indian sweetener exports fall. Surging domestic sugar prices in India mean that Indian mills will increasingly spurn the export market, traders say. Availability of Thai sugar is also thin due to hefty […]

Food processors push to allow sugar imports

Soaring sugar prices have prompted Mandalay food companies to appeal to the government for help. Myanmar Food Processors’ and Exporters’ Association (Mandalay) has asked the commerce ministry to allow the import of sugar, which has been blocked since the end of April. As world sugar prices have fallen, local prices have gone in the other […]