The CLMV (Cambodia, Lao, Myanmar and Vietnam) countries have agreed on a framework for economic development, which will be submitted to CLMV’s leaders to approve next year, the Ministry of Commerce announced on Wednesday. The announcement was made following the 11th CLMV Economic Ministers’ Meeting during the 51st Meeting of the Asean Economic Ministers which […]
Read MoreThailand and Myanmar have long had business and economic ties, with the Thais even establishing a trade and business centre in Yangon. Last year, trade volumes between the two countries reached US$7.5 billion, representing a year-on-year increase of 7 percent. Moving forward, Thanawut Naigowit, who was appointed as Thai Economic Counsellor and Director of the […]
Read MoreYangon Region collected K36 billion more in electricity payments for the month of July, which is a 65 percent increase compared to the month before, said Daw Soe Soe Nwe, general manager of Yangon Electricity Supply Corporation (YESC), at a press conference on Monday. The higher revenues was due to the Ministry of Electricity and […]
Read MoreThe prices of local peanut oil and groundnuts, which rose in August, are expected to stabilise this month, says an official with an industry organisation. “Groundnut prices last month rose to a high of K4200 a viss (1.6 kilos) and it caused problems for local edible oil millers. However, new groundnut supplies will enter the […]
Read MoreThe Central Bank of Myanmar (CBM) will consider further liberalising interest rates and allow private banks more freedom to set their own rates to be more competitive, U Soe Min, deputy governor of the CBM told Parliament on Monday. The CBM will seek assistance and advice from the International Monetary Fund in doing so and […]
Read MoreA special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]
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