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 […]

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 […]

Phone smuggling booms

Mobile phones smuggling is on the rise and contraband worth around Ks3 billion has been confiscated in the last three years, according to the Prevention and Control of Illegal Trade Central Committee. There were many cases of smuggling across borders or bypassing the customs at Yangon International Airport by using dummy products, it reported. “Nowadays […]

India, Myanmar at odds on Tamu immigration office

Confusion surrounds the status of an apparent agreement between the governments of Myanmar and India over the establishment of a visa-on-arrival system on their common border. While the Indian government appears ready to proceed, the Myanmar side is experiencing delay. India’s consul in Mandalay, N Nandakumar, told The Myanmar Times last week that working-level talks […]