Myanmar exported more than one million ton of rice from Yangon ports between 2014-15 FY and 2017-18 FY, according to Myanma Port Authority (MPA). “Myanmar exported one million ton of rice from Yangon ports within four fiscal years and most of them are exported from Sule port terminal,” said Managing Director Ni Aung from the […]
Authorities plan to upgrade Sule jetty
May 9, 2018 by thiha
Authorities are planning to upgrade Sule jetty to accomodate 30,000 DWT bulk carriers, according to Myanma Port Authority (MPA). The jetty alone handled about 700,000 tons out of 1.7 million tons of rice exported last fiscal year. Myanmar is expecting to export more than four million tons of rice in this year. The authorities are […]
Asia World Port Terminal bullish about Myanmar economy with long-term investment in 14 new pieces of equipment
May 3, 2018 by Thiha
Asia World Port Terminal (AWPT), developed, managed and operated by Asia World Port Management Company Limited (AWPM) and one of the leading players delivering efficient and professional port services in Myanmar, has invested in 14 new pieces of port equipment for the long-term. These include 9 new SANY Rubber Tyred Gantry (RTG), 1 Mobile Harbour […]
Filed Under: Latest News Tagged With: Asia World Port Management Company Limited, Asia World Port Terminal, AWPM, AWPT, ECH, Empty Container Handlers, Konecranes Gottwald, Managing Director, MHC, Mobile Harbour Crane, Myanmar Port Authority, professional port services, Reach Stackers, RS, RTG, SANY Rubber Tyred Gantry, Terminal Control Centre, Terminal Operation System, the union minister, transport and communications, U Ni Aung, U Thant Sin Maung
External trade rises year-to-date, but border trade stalls
November 6, 2017 by thiha
Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]
Filed Under: Latest News Tagged With: Asia World Port Terminal, Bangladesh, Chin Shwe Haw, China’s Yunnan Province, Htee Khee, Kanpikete, Kawthoung, Kengtung, Lweje, Maese, Maungtaw, Mawtaung, Ministry of Commerce (MOC), Muse, Myanmar, Myanmar Industry Port, Myanmar Port Authority, Myawady, Myeik, Reed, Sittwe, Tachilek, Tamu, Thailand, thilawa
Yangon stock exchange risks opening under US sanctions
October 13, 2015 by Thiha
Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]
Filed Under: Latest News Tagged With: Asia World Port Terminal, ecurities Exchange Commission, Elizabeth Bourassa, memorandum of understanding, Myanma Economic Bank (MEB), Office of Foreign Assets Control (OFAC), Specially Designated National (SDN), Trade Secrets Act, U Maung Maung Thein, US banking associations, US law, US Sanctions, US Treasury, Yangon Stock Exchange (YSX), YSX
