mm02
Read More

Myanmar: Businesses lament bank rules on transfers

The practice by local banks of only allowing foreign exchange transfers after showing bills of lading is an obstacle for businesses in making trade transactions, say some business owners. After the amendment of regulations governing the management of foreign exchange transactions in the country, the Central Bank of Myanmar began allowing foreign exchange (forex) transfers […]

Read More
mm02
Read More

Myanmar inflation peaks at 8.8% in December 2019

Inflation in 2019 peaked at 8.81 percent in December, the highest level in 12 months, according to the latest available data released by the Central Statistical Organisation (CSO). In January 2019, inflation was 6.94pc. The higher inflation levels are due to steeper electricity tariffs implemented by the government since July last year. Other reasons include […]

Read More
mm02
Read More

Myanmar to set standards for steel, iron

Myanmar will soon set standards to ensure the quality of locally produced and imported steel and iron, a senior official said. U Kan Chun, managing director of No.1 Heavy Industries Enterprise under the Ministry of Planning, Finance and Industry, said standards will be published this year for deformed bar, three types of hot-rolled plate and one […]

Read More
mm01
Read More

China-Myanmar trade slows to a trickle

The coronavirus outbreak in China has caused trade between Myanmar and its neighbor to slow to a trickle, trade officials say. The clearest example of this is the plunge in the volume of watermelons from Myanmar that are crossing the border to the east. “About 600 truckloads of Myanmar’s watermelons used to cross the border […]

Read More