BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]
Read MoreMyanmar reduced its trade deficit for the October-December 2018 quarter to US$833 million from $1.2 billion during the same period in 2017, according to government data. Total trade expanded to $8.1 billion during the quarter compared to $7.6 billion in 2017, with exports totaling $3.6 billion compared to imports of $4.5 billion. Myanmar exports items […]
Read MoreThe government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totaled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP is […]
Read MoreTHOUGH DIGITAL literacy is still low in Myanmar, people’s eagerness to try new things and their ability to easily adapt to a new environment could generate a technology boom in the country by encouraging young entrepreneurs to establish tech-based companies, say tech experts. Mike Than Tun Win, founder and chief executive of BOD Tech Co […]
Read MoreAfter a drop in prices of K150 a litre, fuel prices are likely to rise again within a few days according to retailers. Since December 20, local prices for fuel have been falling in line with a drop in the prices of crude oil on the international market. “But the oil prices started rising again […]
Read MoreKyin San Kyawt gate at the Myanmar-China border has been temporarily reopened with effect from January 10, U Khin Maung Lwin, assistant secretary from Ministry of Commerce, told The Myanmar Times. “It is temporarily open for the fruit season,” he said. Details of the official plan have yet to be confirmed. Kyin San Kyawt gate is […]
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