Gold Traders Mull Over Plans to Set up Gold Exchange

The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and industry associations have been seeking to set up an exchange market where gold and metal could be freely traded in one place. In the […]

Myanmar’s fisheries products able to be exported to the Netherlands

Myanmar’s seafood will soon be exported to the Netherlands, it is learnt from the Myanmar Fisheries Products Processors and Exporters Association. Under the guidance of the Ministry of Agriculture, Livestock and Irrigation, fish and prawns that meet with market standards are currently being exported to China, Thailand, Singapore, Kuwait, Malaysia, Saudi Arabia, Japan, Bangladesh and […]

Gold traders fret opaque exchange rate

Mandalay gold dealers are seeing their business complicated by the difficulty determining the daily kyat-dollar exchange rate, with dealers working to avoid too much volatility in price. While dealers had previously been able to simply ask money changers for the kyat-dollar rate each day, many dealers have been reluctant to do so since the unofficial […]

Authorities grapple with restaurants cheating on tax

A Scheme for tax labels to be affixed to local restaurant receipts is running up against widespread cheating, according to insiders. While some restaurants have taken to assiduously placing the stickers on each receipt, many others leave them off and avoid paying the taxes. “Different restaurants are taking different approaches,” said one 31-year-old resident of […]