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 […]
Read MoreA request from the local automotive industry for duties on cars assembled in the country to be reduced has been presented to Yangon Region’s chief minister, the Ministry of Planning, Finance and Industry says. The duties imposed on components for semi-knocked down (SKD) and completely knocked down (CKD) vehicles assembled in Myanmar is the same […]
Read MoreTrade in Muse, the Myanmar town bordering China, has picked up again after grinding to a halt in the wake of the Covid-19 outbreak, U Min Thein, vice chair of Muse rice merchants association told The Myanmar Times. He said trade activities are now running at 80 percent of their usual capacity, and should return to […]
Read MoreThe outbreak of the Covid-19 virus could slow the pace of foreign direct investments (FDI) into Myanmar in the coming months, according to the Directorate of Investment and Company Administration (DICA). U Myo Min, a director at DICA, said although Myanmar has been unaffected so far, the impact of the outbreak on the world economy […]
Read MoreSiam Commercial Bank (SCB) plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop […]
Read MoreCorn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
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