SLCM Ltd signs MoU with Myanmar’s United Amara Bank

KOLKATA: SLCM Ltd, the wholly owned subsidiary of SLCM (Sohan Lal Commodity Management) Group has signed MoU with Myanmar’s United Amara Bank for collateral financing in Myanmar. The step aimed at strengthening the network for providing collateral management solutions to Farmers, Processors, Traders, Exporters & Importers across Myanmar. United Amara Bank will offer their customers […]

Myanmar needs more infrastructure

MUSE, Myanmar — Towering apartment blocks are going up on the northern bank of the Shweli River in the border town of Ruili, in China’s Yunnan Province. On the opposite river bank, in Myanmar’s Shan State, the ground is being prepared for something similar in Muse. In the late 1930s, the ancient trade and migration […]

Jade exports to China generating millionaires and concerns in Myanmar

MANDALAY, Myanmar — Surging exports of jade to China have produced a number of millionaires in Myanmar and provoked concerns about the neighboring country’s overwhelming influence on the economy. Mandalay, the nation’s jade trade center, swarms with Chinese traders looking for good offerings of the green gemstone. Robust demand for jade in China has been […]

Rice federation to introduce Warehouse Financing at Apex

The Myanmar Rice Federation plans to open several warehouses for rice traders to store their product for use as collateral to receive bank loans, said its chair U Chit Khaing. The system would alleviate the need to sell rice immediately even if prices are low to pay for a sudden expense. Instead, traders will be […]

India to resume buying rice from Myanmar: traders

YANGON, Sept. 8 (Xinhua) — India will resume buying rice from Myanmar after suspension for three years, offering to import 500, 000 tons of rice from the Southeast Asian country, said a Myanmar rice traders organization Monday. Prices for the rice deal are under negotiation, said the Myanmar Rice Federation, adding that India’s offer to […]

Car dealers mull import finance

Commerce Minister U Win Myint has pledged to smooth the complicated system for importing foreign vehicles by allowing new payment methods. Currently most vehicles are imported to Myanmar using consignment, meaning foreign exporters own the car but send it to a Myanmar broker, who then sells it for a commission usually between five and 10 […]

Unicef Defends US$90,000 a month rental for Yangon Office

RANGOON — The representative of the United Nations Children’s Fund (Unicef) in Burma has claimed the agency got a “good deal” on its new Rangoon office, after it emerged that the agency is paying a large sum in rent to a former military official. On Tuesday, The Irrawaddy published information from sources close to Unicef […]

Ready or Not, the Tourists Are Coming

Consult-Myanmar welcomes you to the 27th SEA Games Myanmar, 11-22 Dec 2013 “Right here,” says U Aye Kyaw, pointing to the floor of his office in downtown Yangon, where two Scandinavian tourists had to sleep after they were unable to find proper accommodation. That was last year, when a record one million foreign arrivals put […]