Muse border gates remain open despite recent Lashio violence

Muse Border Trade Centre remains open despite the recent violence in Lashio, Myanmar's northeastern Shan state, says an official of the centre, dismissing rumours that it was closed.

World Bank continues its support for Myanmar’s rural development

The World Bank (WB) plans to assist the country with rural development in Myanmar, such as water supply, electricity, transportation and education sectors, it is reported.

Korea-Myanmar Economic Forum to be held in June

Korea-Myanmar Economic Forum will be held in South Korea on June 18, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

Myanmar SEZ Central Body meets

The government is prepared to hire foreign experts and advisors to help with the handling of the Thilawa Special Economic Zone and not to put itself in a tight corner by signing agreement that would permit international law to take actions against the state.

Myanmar rice exporters gain from soaring dollar

A month-long surge in US dollar exchange rates against Myanmar currency ‘kyat’ has benefitted rice exporters in Myanmar, but it has led to an increase in local rice price, businessmen said.

Kanbawza Bank introduces Master Card

Master Card can be used at ATMs of Kanbawza Bank (KBZ), one of Myanmar’s largest banks, starting from May 28, Zaw Lin Htut, senior general manager from the bank said.

Russia to buy Myanmar’s fishery products

Russia is now offering to buy Myanmar’s fishery products, according to sources from Myanmar Fishery Product Processors and Exporters Association.

Experts warn Myanmar about risks with investment treaties

International experts have warned that the use of investment treaty ‘Investor-State Dispute Settlement (ISDS)’ for attracting foreign investments into Myanmar is risky as it grants the investors the right to initiate dispute settlement proceedings against the government under international laws.

Myanmar has potential but risky: McKinsey report

The recent report by the McKinsey Global Institute says Myanmar has the potential opportunities that could quadruple the economy by 2030. However, there are some challenges and risks in the face of ongoing economic reforms.

Myanmar denies its tainted 70,000 tonne rice destroyed in Cameroon

Myanmar Rice Federation has denied a report by a foreign news agency that claimed 70,000 tonnes of tainted rice from Myanmar were to be destroyed in Cameroon.

The federation’s general secretary Ye Min Aung said the false statement is an attack to Myanmar rice which has gained market access in Africa.

Myanmar gets nearly US$300 million from agricultural exports

Myanmar has collected nearly US$300 million from agricultural exports from April 1st to May 17 this fiscal year 2013-14, according to official figures from the ministry of commerce.

Handful Myanmar’s companies meet stock exchange requirements: Security expert

Only a handful of Myanmar’s public companies can meet the operating standards of a stock exchange, Soe Thein, Executive Director of Myanmar Securities Exchange Centre Co Ltd, said on Wednesday.

Mitsubishi to expand business in Myanmar

Mitsubishi Motors Corporation (MMC) will soon open its after-sales service centers in Nay Pyi Taw, the current capital of Myanmar, and Mandalay, according to a statement of MMC released on May 27.

Real Estate booms in Pyin Oo Lwin

The real estate market is booming in Pyin Oo Lwin, a mountain town located in Mandalay Region.

"2011 was the best business for real estate market. Buyers paid the price what the seller asked for.

Myanmar’s jade earning fell 85 percent in 2 years

Myanmar earned about 85 percent less at US$326 million from jade export in the fiscal year 2012-13 compared to the record of US$2.2 billion it hit in 2010-11, according to the reports from the Ministry of Commerce.

Mawtaung Trade Zone not convenience to use

Because of poor transportation of Mawtaung Trade Zone and poor customer services at fish wholesale dealers from Thailand, Myanmar fish merchants will be using Kawthoung and Ranong border trade route during the rainy season.

Htoo Group picked to handle import cargoes at Yangon airport

Mingalardon Cargo Services (MCS), a subsidiary of Htoo Group of Companies, has been chosen among three applicants to provide import cargo handling services at Yangon International Airport, which is the international gateway to Myanmar.

ThaiBev to import Myanmar Beer

Thai Beverage Public Company Limited is planning to import Myanmar Beer, Thai media reported.

ThaiBev is seeking a reliable arrangement in Myanmar through its partner Fraser and Neave, the Singaporean food beverage and brewery company, Bangkok Post reported.

Over 9,000 tons of raw rubber material exported

Some 9,000 metric tonnes of raw rubber worth of US$27 million were exported by sea within the first four months of 2013.
 

Of 9,000 metric tonnes of raw rubber material, 1,517 metric tonnes  were exported to Singapore, 2,110 metric tonnes to China and 6,131 metric tonnes to Malaysia.

World Economic Forum on East Asia

The 22nd World Economic Forum on East Asia will be the first leading international gathering of senior decision-makers from industry, government, academia and civil society to be held in Myanmar after a series of bold economic and political reforms.