A rise in illegal onion imports from China is crowding out local onion producers and could eventually lead to an oversupply and lower prices. Onions from China first entered the country on a large scale in 2015, when the Ministry of Commerce authorised the import of 800 tonnes of onions from China and Thailand to […]
Read MoreThe country is receiving its first ever budget support from the World Bank. The World Bank and the Myanmar government signed a US$200 million credit for a First Macroeconomic Stability and Fiscal Resilience Development Policy Operation on August 18, according to a press release from the World Bank dated August 18. The press release added […]
Read MoreMyanmar has until December 31, 2018, about 16 months, to join the ASEAN Economic Community (AEC), which aims to create a single market and production base with a free flow of goods, services, labour and capital across its member states. The AEC has so far achieved some success in eliminating tariffs and facilitating trade, streamlining […]
Read MoreThe country’s new automated customs system has no more teething troubles and is up and running at Yangon port, but it is not yet implemented at border points, according to logistics and shipping companies. In addition, the current data entry process remains a significant challenge for the shipping industry. In January 2017, The Myanmar Times reported that […]
Read MoreState Counsellor Daw Aung San Suu Kyi has urged prominent bankers to cooperate and take part in the country’s economic development at a separate meeting held at Nay Pyi Taw. She met with the chairs from 22 banks in Nay Pyi Taw on August 15. The state counsellor urged them to cooperate in banking sector […]
Read MoreThe budget deficit for the 2016-2017 fiscal year ended March 31, 2017 was a little over half of the official target as a result of government under-spending, according to the preliminary data released to members of the parliament. The data revealed an actual deficit of just K2.62 trillion compared to the official target of K4.01 […]
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Thailand
