Despite the gradual resumption of border trade between Myanmar and China via Muse in Shan State, the weakening of China’s currency has hit earnings of the traders, say officials in Muse. According to U Min Thein, vice chair of the Muse Rice Wholesalers Association, as of March 10, the volume of cross-border trade has now […]
Read MoreThe gold market price in Myanmar has dropped with the US dollar exchange rate falling as trade slows down due to the COVID-19. The global economy has been slowing down due to the novel coronavirus outbreak with stock markets across the world also falling. Stock trading in Myanmar has decreased as people are now buying […]
Read MoreAlthough exports of marine products to China have declined slightly so far this year due to the COVID-19 outbreak sweeping the world, some 4,000 tonnes of goods were still sent overseas over the last week, a senior fisheries official says. “As the number of coronavirus cases started rising in China in January, exports of Myanmar’s […]
Read MoreAlthough Myanmar has not officially detected any COVID-19 carriers, the virus has wreaked havoc on the economy and could lead to full-blown economic crisis if not contained soon. The tourism sector has suffered from a stampede of cancellations beginning in China. Now, most tourists from all other countries have decided to stay at home. The […]
Read MoreNew 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 […]
Read MoreSome pharmaceutical products imported from India may soon be out of stock in Myanmar say some local importers and sellers. According to the industry insiders, some 75 percent of the medicines sold in the Myanmar market are imported from India and currently Indian pharmaceutical firms are facing shortages of raw materials for their manufacturing. “Some […]
Read More
Thailand
