Business News

Central Bank cannot control the money market

BUSINESS Aug 16, 2018
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... 6

Import of consumer goods increases

BUSINESS Aug 16, 2018
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... 11

Greenback hits record highs after the CBM ditches reference rate

BUSINESS Aug 15, 2018
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... 30

Myanmar-ROK trade slightly decrease from April to June

BUSINESS Aug 13, 2018
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 ... 57

Consumer prices increase in Myawady amidst high exchange rate

BUSINESS Aug 13, 2018
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... 50

Myanmar's foreign trade value hits over $11.5 bn in three months

BUSINESS Aug 11, 2018
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... 58

Ten of 32 state-owned enterprises to make losses this fiscal year

BUSINESS Aug 11, 2018
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... 56

Produce from illegal Chinese plantations in Myanmar accounts for more than half of Myanmar export to China

BUSINESS Aug 11, 2018
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... 56

Some exporters not reaping healthy profit due to high US dollar exchange rate

BUSINESS Aug 09, 2018
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... 76

Barlolo eyes nationwide expansion this year

BUSINESS Aug 08, 2018
SPURRED on by increased data consumption in line with rising sales of smartphones in Myanmar, e-commerce operator is planning nationwide expansion this year, its top executives say. Min ... 74