Local liquor manufacturers are struggling to stay profitable as competition from illegal importers continues eat into their margins, said U Soe Lwin, chair of The Myanmar Liquor Association (MLA). Legally imported liquors and spirits like whiskeys, rum and gin are taxed upon entry and this is passed on to consumers. “The total tax payable for […]
Read MoreLow private-sector productivity is one of the factors that could challenge growth in Myanmar and the number of public holidays in the country this year is among the top productivity killers, manufacturers said. Myanmar will have a total of 27 public holidays in 2020, which is nearly a month, excluding Saturdays and Sundays. By comparison, […]
Read MoreTraders are reporting that Myanmar’s watermelon crop, which is largely dependent on the China market, is currently experiencing a major downturn. Traders in the Muse border trade area in Shan State prices for watermelon have dropped by around 50 percent while sales have declined by as much as 99 pc. Normally, in Muse at this […]
Read MoreThe Ministry of Electricity and Energy (MOEE) says a feasibility study will be conducted as soon as possible on a proposal for Myanmar to purchase electricity from China. This was revealed by MOEE Deputy Permanent Secretary U Soe Myint to the Myanmar Times on Monday. An agreement to conduct a study for a China-Myanmar cross-border […]
Read MoreThe Myanmar kyat has strengthened against the greenback and is now trading at K1465 per US dollar, according to the Central Bank of Myanmar. In comparison, the exchange rate was more than K1500 per US dollar in November 2019. Yet, export volumes have been rising, indiciating that Myanmar goods are still affordably priced. For the first […]
Read MoreMyanmar wants to expand its exports to other markets to hedge against a potential dip in demand from China, where a new respiratory virus has infected more than 14,000 people and killed more than 300, mostly from Hubei province, where illnesses from the new type of coronavirus were first detected in the city of Wuhan […]
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