News
Myanmar- Thai Border Trade Rises $200m
Myanmar’s border trade with Thailand increased by about $200 million in the current fiscal year 2016-2017 as of March 3rd, as compared with the same period of the last fiscal year, official media reported last Thursday.Keep reading ...
Formerly Blacklisted Tycoon Says End of Sanctions Has Restored His Dignity
A local tycoon formerly reviled by American diplomats as a ‘crony’ has said the end of US sanctions last year was a “dream come true” for him.U Zaw Zaw, Executive Chairman of Max Myanmar, one of the country’s largest conglomerates, was speaking at a conference ...
Total Trade Hits $25.8bn, Boosted by Booming Private Sector
The total volume of international trade has reached more than $25.8 billion for this fiscal year, $480 million more than last year, according to the Ministry of Commerce.Overall trade volume at March 13th this fiscal year totalled almost $25.8 billion, while up until March 3rd ...
New economic zones planned
The Ministry of Planning and Finance is carrying out plans for new economic zones and special economic zones as the quality of existing industrial zones is mediocre and upgrading them is difficult, state media reported on 20 March.Keep reading ...
Myanma Timber Enterprise to respond to Danish teak sanctions
Danish authorities have made a ruling to place injunctions on all seven Danish operators bringing Myanmar teak into the Scandinavian country. Myanma Timber Enterprise (MTE) has plans to respond to the sanctions placed on the entire Myanmar teak industry, according to U Khin Maung Kyi, ...
Workers to be sent for S Korean fishing industry
Myanmar plans to send workers for the fishing industry in South Korea as there is a demand for labour in that sector, said U Thein Win, director of the Migration Affairs Department under the Ministry of Labour, Immigration and Population.Keep reading ...
Myanmar Secures K15 Billion Japanese Soft Loan for Local Businesses
Myanmar will receive a soft loan from Japan worth K15 billion for small and medium sized enterprises next fiscal year, Daw Aye Aye Win, director general of the Ministry of Industry, has told a meeting on economic cooperation between Myanmar and Japan. Keep reading ...
PTTEP and Total Team Up for Oil and Gas Exploration Off Myanmar’s Southern Coast
The Thai oil and gas company PTT Exploration and Production (PTTEP) will partner with Total E&P Myanmar for an oil and gas exploration project off the southern coast of Myanmar.Keep reading ...
Myanmar Looks to Step Up Production at Three Offshore Gas Rigs
Gas from three recently-discovered offshore reserves near the coasts of Rakhine and Mon states will feed local and international demand for energy over the next five years, a minister has said.Keep reading ...
Proposed Gold Tax Cut to 1% After Lobbying From Industry
Gold buyers will now only have to pay a one percent tax, down from the planned three percent, after the Myanmar Gold Trader Association argued that the rate would hurt the gold market.The one percent tax only applies to finished products such as jewellery, rather ...
