The price of high quality domestic rice has risen the most in five years, driven by rising demand, inflation and potential price manipulation, local traders said. According to data from the Myanmar Rice Federation and Myanmar Rice and Paddy Traders Association, a bag of Ayeyarwady Paw San rice had hit K52,000 in August, which is […]
Read MoreSince initiating reform in 2011, Myanmar has made progress in rejoining regional and international communities – transitioning to a market economy, liberalising trade and investment and promoting industrial development. Yet decades of political instabilities and civil unrest have sown the seeds of an extensive illegal economy, ranging from illicit trade in drugs, logging and mining […]
Read MoreREVISED investment laws in Myanmar have been welcomed as offering greater opportunities for Thai companies of all sizes to move into wholesale and retail businesses across the border. Pakainay Leng-ee, minister counsellor at the Thai embassy’s office of commercial affairs in Yangon, yesterday said Thai companies could have ownership in wholesale and retail businesses of […]
Read More(KPL) CLMVT countries have continued to promote trade and investment through technology. The statement was made at the CLMVT Forum 2018 under theme “CLMVT Taking -Off Through Technology” held in Bangkok, Thailand on Aug 16, 2018. The forum aims to drive seamless connectivity in all dimensions throughout value chain between the CLMVT countries (Cambodia, Laos, […]
Read MoreSean Turnell, economic advisor to the State Counselor, believes the depreciating value of the Myanmar kyat is nothing to be alarmed about. Since May, the dollar has risen by almost 10 percent against the Myanmar kyat. On August 15, the Central Bank of Myanmar set its daily reference rate at K1,475 against the dollar, which […]
Read MoreMyanmar and Thailand yesterday signed several agreements which further cemented ties between the two countries. These included a bilateral airline agreement, inked at the Myanmar Foreign Minister’s office, as well as a second agreement to improve an existing shrimp breeding zone with the aim of facilitating development in Rakhine State. The agreements were signed after […]
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