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Myanmar: New CIF value for imported cars to be released soon

New cost, insurance, and freight (CIF) values for imported vehicles will be announced soon, the Customs Department announced yesterday. The values will be used by the Customs Department to calculate duties on imported vehicles and can significantly influence prices. The values are being updated as customs duties on vehicles imported into Myanmar had been calculated […]

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Myanmar: Exchange rate hits local bean market

The strengthening of the kyat against the US dollar and Chinese yuan has begun to have a negative impact on Myanmar’s beans and pulses, merchants in Mandalay say. The rise in the kyats value of the past several weeks means Myanmar’s goods have become more expensive for foreign buyers while at the same time earning […]

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