Traders on losing end, will need time to get used to barter trade deal

Myanmar businesses who participate in barter trading with China will have to find buyers for the goods they get in exchange and this system of trade may take some time to get used to. Myanmar Rice Federation central executive committee member U Soe Tun said it would be more convenient for Myanmar businesses to receive […]

Industry lobbies for gold and diamond trade to be legalised

Industry bodies have asked the government to strike gold and diamonds from its list of restricted goods, saying it would boost government earnings and help to combat smuggling. The Myanmar Gold Entrepreneurs Association has filed a proposal with the Ministry of Commerce to lift restrictions. At present, gold and diamonds can only be traded overseas […]

Burmese-Only Jade Sale Pegged for December

RANGOON — The Myanmar Gems Enterprise will hold the year’s first and only jade sale exclusively for local traders in Naypyidaw this December, with industry players hoping to see more purchases of raw jade and jadeite made with value-added intentions. In Thursday’s state-run newspapers, the Ministry of Mines’ Myanmar Gems Enterprise announced that the central […]