E-commerce has taken the Southeast Asia retail sector by storm, with Indonesia raking in a total of $5.3 billion in retail sales conducted online last year, according to Statista. Retailers in Thailand drew in $3 billion, while in Singapore, Malaysia and Vietnam total retail sales via e-commerce amounted $2 billion dollars over the same period. […]
Read MoreAt the seventh Asian Logistics and Maritime Conference in Hong Kong last week, Arkhom Termpittayapaisith, Thailand’s Minister for Transport, said that Thailand is in the process of developing a deep-sea port in Laem Chabang and that the three ports – Laem Chabang Port, Map Ta Phut Port and Sattahip Port – will be connected via […]
Read MoreAsian businesses have continued to invest in Myanmar despite the unfolding humanitarian crisis in northern Rakhine. Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned $3 billion coal-fired power plant in Kayin state bordering Thailand. […]
Read MoreSince the government’s new car import policy permitting only imports of left-hand-drive vehicles into Myanmar from 2018, speculation over the value of existing right-hand-drive cars in the country has risen, prompting rumours of higher prices for such vehicles. While prices have indeed risen, car dealers said consumers ultimately base their purchasing decisions on the car […]
Read MoreBangladesh, Sri Lanka, Pakistan and Nepal have replaced India as the main importers of Myanmar’s beans and pulses, U Min Ko Oo, Secretary of Myanmar Pulses, Beans & Sesame Seeds Merchants Association, said. After the Indian Foreign Trade Department said in August that it was restricting the import volume quota of black matpe, mung beans and […]
Read MoreEfforts are underway to elevate the export potential of Sagaing Region, northwest of Myanmar, as part of a national bid to boost trade and lower the country’s trade deficit with its neighbours. “Trading is one of the main sources of income in an open-market economy and Sagaing region produces large volumes of export-oriented goods such […]
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