Parboiled rice exporters say they are aiming to more than triple exports in coming years, with recent orders from Russia and Bangladesh showing foreign demand for the nutritious staple is strong.
Leading business figures in Yangon warned last week that attempts to boost the exchange rate of the US dollar – and exports – might not be good for the country’s economic future.
Gold prices are on their way down as demand for the precious commodity has disappeared, a Myanmar Gold Entrepreneurs Association official said last week.
A national workshop on ‘Enhancing Myanmar’s participation in the ASEAN Economic Community’ was held at the Union of Myanmar Federation of Chambers of Commerce and Industry building in Yangon on October 6.
Old cars run on CNG will be included in the government’s initiative to exchange old cars for new, according to a statement by the deputy minister of Rail Transportation Thura U Thaung Lwin during an Amyotha Hluttaw session held on October 6, the state-run New Light of Myanmar reported.
2010 was a record year for Foreign Direct Investment (FDI) to Myanmar that saw almost US$20 billion pour into the country. With 85 per cent of this investment in natural resources, and only 15pc allocated to the manufacturing and service industries, ....
Deposits in private banks are to be insured to protect customers in the event the bank goes under, state-run Myanma Insurance announced last week.
Myanmar and India agreed to double bilateral trade to US$3 billion at a Joint Trade Commission attended by Minister of Commerce, U Win Myint and Indian Union Commerce Minister, Anand Sharma, last week.
Consumers say the privatisation of the liquid petroleum gas (LPG) market in August has not resulted in lower prices, with legally imported bottles of the cooking fuel costing the same as illegal imports.
A conbination of heavy late monsoon rains and the approach of major estivals in India briefly spurred upward the price of black matpe (black gram) from Myanmar, traders said last week.
