“Vendor Managed Inventory” (VMI) scheme will begin its operation in Thilawa Special Economic Zone (Thilawa SEZ), allowing alternative method for non-resident foreign companies to distribute their products into Myanmar. Such instruction about the new scheme was issued by Thilawa SEZ Management Committee on 7th October 2016. Warehouse operators in Thilawa SEZ will be required to […]
Easing of US sanctions on Myanmar to boost trade and investment
May 26, 2016 by
THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]
Illegal timber trade from Myanmar grows
September 18, 2015 by
THE London-based Environmental Investigation Agency says it is calling on both governments to stop the trade worth hundreds of millions of dollars a year that is reducing Myanmar’s forests and supplies China’s wood-processing industry, which makes furniture for domestic and international markets. The non-governmental organisation said Chinese businesses acquire the rights to illegally log mountains, […]
Ship cleared to leave Yangon port after collision
May 8, 2015 by
As the investigation into the collision of two ships in Yangon River on April 26 proceeds, the container ship involved was allowed to leave Yangon Port, said a Shipping Agency Department spokesperson. U Aung Myo Tin said the container Panja Bhum, carrying 525 containers of beans, garments and other goods, had been cleared to depart […]
Seven jetty bridges to be built in Yangon Port for international ships
October 29, 2014 by
Yangon Port currently will build seven more jetty bridges for the convenience of international ships, in addition to the seven already under construction. In fiscal year 2003-04, only 917 international ships were able to dock at Yangon Port but in fiscal 2013-14, the number rose sharply to 2,334. There is an urgent need for more […]
Crackdown on illegal imports nets US$18 million
July 3, 2014 by
Mobile teams patrolling for illegal trade have seized more than US$18 million in goods over the past year and a half, according to the Central Committee for Preventing and Controlling Illegal Trading. It said 3,391 cases of illegal trade have been transferred to the Customs Department as of June 26. The crackdown on illegal trade […]
Dealers put the brakes on car imports
December 23, 2013 by
An expected drop in import costs set for January has left thousands of imported vehicles sitting in containers at Yangon Port as dealers fear that bringing them into the market now could result in losses. Officials said that sellers are expected to impose a reduction in transportation and insurance costs to dealers termed Cost, Insurance […]
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