Myanmar’s trade deficit for the first six months of the 2017-18 fiscal year has widened to $2.2 billion compared to $1.8 billion during the same period in the previous FY, data by the Ministry of Commerce showed. Exports from April 1 to September 22 amounted to $6.5 billion while imports totaled more than $7billion. Trade […]
Read MoreThe European Union and the US are considering targeted sanctions against Myanmar military leaders in response to a mass exodus of Rohingya Muslims from northwest Rakhine, Reuters has reported, quoting officials familiar with the discussion. Around half a million Rohingya Muslims are reported by the United Nations to have fled to neighbouring Bangladesh after an […]
Read MoreKian Joo Group, the largest packaging business in ASEAN, is investing in a packaging plant in the Thilawa Special Economic Zone (SEZ). Construction of the plant is expected to be complete by the first quarter of next year. Malaysia-based Kian Joo is one of the biggest can manufacturers within ASEAN, manufacturing a wide range of products […]
Read MoreMyanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]
Read MoreThai business and investors expressed full confidence in Myanmar’s economic potential and future progress. At the recent Myanmar Insight 2017 held in Bangkok, senior Thai and Myanmar officials joined leading businessmen and investors to exchange views on prospects of investing in Myanmar. The seminar was organised by the Thai Embassy in Yangon to build network […]
Read MoreCounterfeit goods and illegal trade are among the biggest issues for businesses looking to expand in Myanmar, foreign investors and local businessmen told The Myanmar Times. Even though Myanmar has prioritised economic development and identified the sectors it wishes to promote, the counterfeit goods markets and illegal trading activities could undermine the government’s efforts to […]
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