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Chinese President’s Upcoming Visit Seen as Bid to Gain Myanmar Leaders’ Commitment on BRI Projects

YANGON—Chinese President Xi Jinping is reportedly planning to visit Myanmar late next week, in a trip many believe is aimed at sending a signal regarding the country’s importance to China’s strategic ambitions in the Indian Ocean, while shoring up support for Xi’s ambitious Belt and Road Initiative (BRI) among leaders in Myanmar, which is slated […]

Rare earths trade between China, Myanmar facing challenges

Following a new closure of the China-Myanmar border in mid-December, Roskill reports that some Chinese rare earths producers and operators in Myanmar have been asked to head back to their country which, in the view of the market analyst, means that supply to the Asian giant may decline in 2020. According to Roskill, following the […]

Officials see potential for growth in trade, but risks remain

Of the 137 countries that trade with Myanmar, volumes from the 10 largest have spiked in the past decade and could continue growing as the local economy develops and expands, officials said. China is currently Myanmar’s largest trading partner, followed by Thailand, Singapore, India, Indonesia, Malaysia, Japan, Vietnam, Korea and the US. According to the […]

China Focus: Entrepreneurs seek opportunities at China-Myanmar border trade fair

KUNMING, Dec. 14 (Xinhua) — From traditional marionettes and wood carvings to handmade carpets depicting Bagan’s renowned pagodas and stupas, Myanmar exhibitor Thet Thet Naing was more than proud to showcase her country’s best handicrafts at a border trade fair in the southwestern Chinese city of Ruili. Thet Thet Naing, a trade promotion officer from […]

Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech

YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]

Trade War Could be ‘Silver Lining’ for Myanmar

Myanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]

‘Tip of the iceberg’: finance minister pledges to address illicit trade

Smuggling is costing the government heavily in lost revenue; poor enforcement means that for every 5,000 cans of beer brought into the country illegally, only one is seized. THE ANTI-Illicit Trade Forum did not begin like your typical conference or workshop. When Minister for Planning and Finance U Soe Win and Auditor General U Maw […]

Myanmar, Thailand accelerate plans to link, electrify Dawei SEZ

Myanmar and Thailand will speed up development of a Special Economic Zone (SEZ) and deep sea port at Dawei in Tanintharyi Region, officials said during the 9th Myanmar – Thailand Joint Coordinating Committee meeting last week. Basic infrastructure such as roads connecting the SEZ to Thailand and necessities like electricity will be prioritised and carried […]

Traders call for higher trade volumes with Thailand as deal ends

A special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]

Second board to enable trading of non-listed companies planned

A second board will be established to enable the public to trade shares of companies that are not listed on the main board of the Yangon Stock Exchange (YSX), U Htay Chun, member of the Securities and Exchange Commission of Myanmar (SECM), said earlier this month. The move is expected to create an official platform […]