KBZ to provide 24-hour service for trade-related payments via MPU

Kanbawza Bank has prepared to offer its around-the-clock service for trade-related payments through Myanmar Payment Union-MPU system, said U Aung Kyaw Myo, Deputy CEO of the KBZ Bank. The announcement for the payment system change came at the workshop on trade transaction payments with Myanmar Payment Union (MPU) system and expanding the fully online licensing […]

Myanmar Exports More than 900,000 Tonnes of Rice and Broken Rice to December

​​ Myanmar has exported more than 900,000 tons of rice and broken rice for the year until the end of December, reported the Ministry of Commerce. “We already exported more than 900,000 tons of rice and broken rice. It is a good sign for the country,” Yan Naing Tun, the director-general of the Trade Department […]

Border Trade With China Dented by Kokang Clashes

RANGOON — Cargo through the Burmese border town of Muse has declined in recent weeks, with traders saying both recent fighting in northeast Burma and the coming Chinese New Year are to blame. Clashes in Laukkai Township first erupted between an ethnic Kokang armed rebel group and government troops on Feb. 9, and by Friday […]