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Commerce ministry suspends issuance of re-export licenses for sugar and fuel oil
BUSINESS Date: Aug 18, 2018   View: 35
Ministry of Commerce had started suspending the issuance of re-export licenses for sugar and fuel oil after the greenback appreciation on August 17. Yan Naing Tun, Director-General of Trade Departm...
Myanmar earns US$1.4 M from CMP export
BUSINESS Date: Aug 17, 2018   View: 56
Myanmar had earned over US$1.4 million from CMP (cutting, making and packaging) garment export in this fiscal year from April 1 to August 3, according to the Ministry of Commerce. “We exported US...
Huawei brings leading digital solutions to Myanmar
BUSINESS Date: Aug 17, 2018   View: 59
HUAWEI Technologies Co is showcasing its digital transformation practices in Myanmar at an information and communications technology gathering hosted by the Chinese giant in Yangon. The second Huawe...
Import of consumer goods increases
BUSINESS Date: Aug 16, 2018   View: 55
Myanmar imported US$1.698 billion worth of consumer goods in the present fiscal year (FY), an increase in value by $135 million than that of the same time last year, according to the Ministry of Comme...
Central Bank cannot control the money market
BUSINESS Date: Aug 16, 2018   View: 56
Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) Vice-Chairman Dr. Maung Maung Lay said that Myanmar Central Bank cannot control the money market. Some businessmen complaine...
Greenback hits record highs after the CBM ditches reference rate
BUSINESS Date: Aug 15, 2018   View: 65
The value of a US dollar hits a record high of Ks-1488 after the Central Bank has abolished the reference rate for currency exchange. On August 13, the CBM issued an announcement that abolishes the...
Consumer prices increase in Myawady amidst high exchange rate
BUSINESS Date: Aug 13, 2018   View: 81
Myawady – Prices of products from Thailand in Myawady market are rising as Thai Baht exchange rate skyrockets and thus, market activities have grind to almost to a halt. “We have only sold a lo...
Myanmar-ROK trade slightly decrease from April to June
BUSINESS Date: Aug 13, 2018   View: 80
EXTERNAL trade with the Republic of Korea in the first half of the current six-month interim fiscal period hit US$186.9 million, which showed a slight decrease in value by $1.7 million from this ...
Produce from illegal Chinese plantations in Myanmar accounts for more than half of Myanmar export to China
BUSINESS Date: Aug 11, 2018   View: 76
There are illegal Chinese plantations in Myanmar and at present, produce from their plantations is more than the export from Muse 105 miles wholesale markets according to Chairman of Muse 105 miles fr...
Ten of 32 state-owned enterprises to make losses this fiscal year
BUSINESS Date: Aug 11, 2018   View: 75
Ten out of 32 state-owned economic organisations, including News and Periodicals Enterprise set to lose over K1 billion, will make losses this fiscal year, according to the Ministry of Planning and Fi...
Myanmar's foreign trade value hits over $11.5 bn in three months
BUSINESS Date: Aug 11, 2018   View: 79
Myanmar has good prospects for foreign trade this year as trade value has hit over US$11.5 billion over the past three months, exceeding over US$1.5 billion compared to the same period of last year, s...
Some exporters not reaping healthy profit due to high US dollar exchange rate
BUSINESS Date: Aug 09, 2018   View: 98
SOME exporters are not earning a remarkable profit, in spite of the fact that the US dollar exchange rate hit a record high of Ks1,475 per dollar in the floating exchange rate system on 7 August...
Barlolo eyes nationwide expansion this year
BUSINESS Date: Aug 08, 2018   View: 89
SPURRED on by increased data consumption in line with rising sales of smartphones in Myanmar, e-commerce operator Barlolo.com is planning nationwide expansion this year, its top executives say. Min ...
Financial Services Key to Rapid Myanmar Growth
BUSINESS Date: Aug 07, 2018   View: 92
The rapid economic growth in Myanmar has the potential to create more new jobs in financial services than any other country in Southeast Asia (SEA), according to Red Dot, the Yangon-based cash accepta...
Seeing gold in Red Sandalwood seeds jewelry
BUSINESS Date: Aug 07, 2018   View: 98
Red Sandalwood seeds, primarily grown in the upper regions of Myanmar, are once used to measure the weight of gold. However, the seeds are no longer used as measuring unit in today’s ‘goldsmith...
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