Local log exporters concerned about foreign competition

LOG exporting businesses in Myanmar have requested the government to hold tenders only open to domestic log traders. Log merchants have called for the Myanma Timber Enterprise (MTE), which is under the Ministry of Resource and Environmental Conservation, to hold separate tenders for local wood-based industry merchants engaging in the business of exporting logs of […]

Foreigners get involved in illicit sale and purchase in Myanmar fishery

According to Myanmar Fishery Products Processors and Exporters Association, foreigners got involved in illicit sale and purchase in Myanmar fishery business. U Myo Nyunt, secretary of Myanmar fishery products processors and exporters association said, “There are many foreigners getting involved in fishery business.” They did not purchase the products themselves. Instead they made Myanmars buy […]

Gold and jewellery trade centres to open in three cities

Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]

Foreign direct investment in Myanmar set to grow

NAY PYI TAW: Myanmar’s foreign direct investment (FDI) this financial year is set to more than double that of last year’s to US$3.5 billion. The momentum is unlikely to slow, with the country projecting US$4 billion in FDI in the next financial year. Telecommunications and manufacturing are the main drivers of this growth. The telecommunications […]