Myanmar: Construction materials trade opened to local-foreign joint ventures Monday, 11 July 2016 – The Ministry of Commerce has further relaxed trade restrictions on foreign companies, opening onshore trade in construction materials to local-foreign joint ventures, according to a July 7 announcement. International firms were barred until last year from Myanmar’s import-export industry, which was […]
Read MoreMyanmar: MAPCO penalty for Indonesia rice shipment still pending Friday, 08 July 2016 – A delegation led by Myanmar Agribusiness Public Corporation visited Indonesia at the end of June to negotiate the release of around 14,000 tonnes of rice that had been held at the Port of Surabaya for more than three months.The group met […]
Read MoreMyanmar: Border issues delay Myanmar-Laos friendship bridge trade Thursday, 07 July 2016 – A newly built Myanmar-Lao friendship bridge will boost commerce between the two nations and will also allow more direct trade with Thailand, Vietnam and China, but the bridge remains closed while authorities on both sides struggle to agree on where the border […]
Read MoreMyanmar: Myanmar rice price falls as Chinese demand slows Thursday, 07 July 2016 – Rice prices are falling in quiet rainy-season trading, as a weaker yuan makes Myanmar exports to the world’s second-largest economy less competitive and arrests in China in connection with the rice trade discourage buyers across the border.U Thein Zaw, chair of […]
Read MoreMyanmar: New joint venture to bring order to Yangon bus chaos Tuesday, 05 July 2016 – The Yangon Region government is forming a new public-private partnership (PPP) company, as part of a city-wide reform of the chaotic public transport system. Bus line owners are eagerly awaiting the overhaul, but want the authorities to provide infrastructure […]
Read MoreMyanmar: Foreign trade rises Tuesday, 05 July 2016 – Myanmar’s foreign trade has passed US$6 billion since the new government took office, according to U Yan Naing Tun, director general of the Directorate of Trade, under the Ministry of Commerce. At a press conference at the commerce ministry on July 1, U Yan Naing Tun […]
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