Myanmar to Discuss Rice Exports With Sri Lanka

​​ Sri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan ambassador to Myanmar, KWND Karunaratne, made the offer on January 23 during a visit to the Union Minister for Commerce U Than Myint, […]

MoC searches for toll gate solution

The Ministry of Construction has already closed more than half of the 300 road and bridge tollgates it has built, and is looking for ways to make up the lost revenue that would result from plans to close the rest. U Kyaw Lin, the permanent secretary of the ministry, told The Myanmar Timeson August 8 that […]

Thousands of car imports approved

A new government-led supervisory committee has released around 14,000 cars that had been held at Myanmar’s borders after an informal ban on vehicle imports was imposed last December. When the last vehicle import supervisory committee was disbanded at the end of last year, thousands of cars bound for Myanmar were held up, commerce minister U […]

Bidders cry foul on Yangon Region government tender

Two unsuccessful bidders for a Yangon Region government tender have claimed the government decided on the winner before the selection process, and the chair of one of the firms intends to petition the new government. Three companies applied for a tender called by Yangon Region government in early January to build a new industrial zone […]

Rice farmers need government support: federation

Polices set by the new government will determine the success of Myanmar’s rice industry, which is in dire need of funding, according to the Myanmar Rice Federation. The agricultural staple will depend heavily on government support over the coming years, said MRF president U Chit Khine at the federation’s annual meeting on February 5, where […]

High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]

Phony Yangon car showrooms defraud dealers in Japan and Korea

Up to one-third of all Yangon car showrooms are fake, and some may be defrauding automobile dealers in Japan and Korea, local vehicle distributors say. Some may also be failing to pay tax on the cars they sell. U Soe Tun, head of the Myanmar Automobile Manufacturers and Distributors Association, said MAMDA was negotiating with […]

Muse traders flout rice exports ban

Despite a ban on rice exports as Myanmar struggles to recover from a nationwide flooding disaster, traders are continuing business at the Muse border with China. In early August, the Myanmar Rice Federation announced a ban on exports for six weeks as more than 500,000 acres of paddy flooded nationwide and more than 300,000 acres […]

30,000 individuals granted car import licenses

Almost 30,000 individuals have been approved to import cars to Myanmar since the start of the year and over 9000 cars will be imported by companies or groups, according to documents seen by The Myanmar Times. An individual can apply for a car import licence by proving they have space to park it, under a […]

20,000 car import licenses granted

Almost 20,000 individuals have been approved to import cars to Myanmar since the start of the year and over 9000 cars will be imported by companies or groups, according to documents seen by The Myanmar Times. An individual can apply for a car import licence by proving they have space to park it, under a […]