The price of rubber has fallen below its cost of production in major exporting countries. Yet, international demand for rubber produced in Myanmar has risen and insiders reckon things could remain upbeat for a while more. “Myanmar rubber production will certainly increase on the back of rising international consumption and demand,” U Myo Thant, vice-chair […]
Read MoreThe Yangon Region Transport Authority (YRTA) officially announced that all taxis must register as city taxis before January 1. The announcement was made through the state-owned newspaper on November 12. Taxis in Yangon are privately owned and there are no regulations limiting their activities so far. Since late 2016, Yangon Chief Minister U Phyo Min Thein […]
Read MoreTHE Myanmar Times analysed commitments and arrangements related to Myanmar in the ASEAN-HK Free Trade Agreement and the ASEAN-HK Investment Agreement. The free trade deal specifically prioritised customs, professional services, SMEs, logistics and e-commerce as partnership areas. Trade in Goods ASEAN countries have agreed to progressively eliminate or reduce their customs duties on goods originating from […]
Read MoreTo develop and expand, Myanmar must embrace and keep up with the pace at digital technology is changing the economy and the way companies do business around the world, tech experts at the Digital Transformation Summit said. The summit was jointly held by the Myanmar Federation of Chamber of Commerce and Industries (UMFCCI) and US Information […]
Read MoreThe Myanmar Fuel Oil Importers and Distributers Association will submit the parliamentary proposal urging the government to raise the Special Commodities Tax on fuel imports, U Win Myint, secretary of the association, told The Myanmar Times. The move comes after a spike in local fuel consumption and imports. For the first six months of the current fiscal […]
Read MoreTHIS year’s annual international logistics conference will shed light on e-commerce in Asia as well as China’s Belt and Road Initiative, with speakers from Kerry group, Hutchison Port Holdings, DHL, COSCO group, Yamato Global Logistics Japan, Lazada, McKinsey and various port authorities. The seventh Asian Logistics and Maritime Conference (ALMC) will be held on November […]
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