Anti-smuggling teams to watch Yangon airport

The Ministry of Commerce’s mobile enforcement teams will include Yangon International Airport in their air and sea port investigations set to start on July 2, according to ministry officials. With much of Myanmar’s cross-border commerce thought to be carried out illegally, the teams will target tax evasion and promote legalised trade, which has grown to […]

Interest high in jet fuel tender

Nearly two dozen private companies submitted expressions of interest letters to join a state-owned firm in a joint venture distributing jet fuel, though authorities plan to restrict the tender to international firms only. The successful firm will partner with state-owned Myanmar Petroleum Products Enterprise (MPPE) to import, sell and distribute jet fuel throughout Myanmar. MPPE […]

Rice exports fall short of 2.5 mln tonnes against target

Rice exports are falling short of 2.5 million tonnes against the set target of 3 million tonnes for this fiscal year. “Myanmar exported just over 410,000 tonnes of rice during the last eight months. It is half of the figure of the same period last year,” said Dr Soe Tun, secretary general of Myanmar Rice […]