Myanmar Gold Entrepreneurs Association

Government to support internationally recognized gold market in Yangon

October 21, 2019 by Thiha

U Phyo Min Thein promised that the government is committed to providing support for an internationally recognized gold market in Yangon. “Our government is trying to implement a gold market in line with rules and regulations,” he said at the 17th Annual Meeting of Myanmar Gold Entrepreneurs Association, held at Times City (Jewelry Mall) on […]

Filed Under: Latest News Tagged With: China and India, Economic Growth, export, global gold market, gold, gold leaf and gold bars, government, internationally recognized gold market, Myanmar Gold Entrepreneurs Association, Stable, Support, Yangon

Myanmar develops gold trading avenues

August 16, 2018 by Thiha

Myanmar is making progress in developing legal avenues to export gold. The Ministry of Commerce (MOC) yesterday said it would remove the metal from its restricted exports list and open a service centre near the Peoples’ Square in Yangon to handle the legal trading of gold. An official notification has yet to be issued. Legal […]

Filed Under: Latest News Tagged With: central bank, China, Exchange Rate, export gold, gold, gold jewelry, Illegal Trade, legalise gold exports, Ministry of Commerce, MOC, Myanmar, Myanmar border, Myanmar Gold Entrepreneurs Association, Peoples’ Square in Yangon, shortage of dollars in Myanmar, Smuggled, Thailand

Myanmar gold exports could rise to 20 T in 2019 -industry official

August 7, 2018 by Thiha

KOCHI, India, Aug 4 (Reuters) – Myanmar could export as much as 20 tonnes of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday. A pick-up in legal exports will reduce the smuggling […]

Filed Under: Latest News Tagged With: aung san suu kyi, China, export, Exports, foreign investment, India, India International Gold Convention, legal exports, Marcus Loke, metal, mining, Myanmar Gold Development Public Co Ltd, Myanmar Gold Entrepreneurs Association, Myanmar gold exports, senior consultant, Southeast Asian country, southern Indian city Kochi, Thailand

Myanmar Gold Exports Could Rise to 20 Tons in 2019: Industry Official

August 6, 2018 by Thiha

Kochi, India. Myanmar could export as much as 20 metric tons of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday (04/08). A pick-up in legal exports will reduce the smuggling of gold […]

Filed Under: Latest News Tagged With: aung san suu kyi, China, Economic Growth, foreign investment, gold, India, India International Gold Convention, legal exports, Marcus Loke, metal, Myanmar Gold Development Public Co, Myanmar Gold Entrepreneurs Association, overseas investors, senior consultant, Southeast Asian, southern Indian city Kochi, Thailand

Gold Traders Mull Over Plans to Set up Gold Exchange

August 31, 2017 by thiha

The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and industry associations have been seeking to set up an exchange market where gold and metal could be freely traded in one place. In the […]

Filed Under: Latest News Tagged With: Chair of Mandalay Gold Entrepreneurs Association, MGEA, Ministry of Home Affairs, Ministry of Mines, Myanmar Gold Development, Myanmar Gold Development Public Company Limited, Myanmar Gold Entrepreneurs Association, National League for Democracy, NLD, President U Thein Sein, Shanghai, Singapore Gold Bullion Market Association, The Myanmar Times, U Khin Maung Lwin, U Tin Tun, Yangon

Gold industry hopes to see central market in 2017

January 12, 2017 by thiha

Gold industry figures are hoping this will be the year when plans for a central gold market finally come to fruition, although fundamental decisions about the project have yet to be made. U Kyaw Win, general secretary of Myanmar Gold Entrepreneurs Association, said he hopes to see a Yangon-based central gold market established in 2017. […]

Filed Under: Latest News Tagged With: central bank, Gold Industry, Mayor U Maung Maung Soe, Ministry of Commerce, Ministry of Natural Resources and Environmental Conservation, Myanmar, Myanmar Federation of Mining Association, Myanmar Gold Development Public Company Limited, Myanmar Gold Entrepreneurs Association, Myanmar Times, U Khin Maung Han, U Khin Maung Lwin, U Kyaw Win, U Win Htein, Yangon Region Chief Minister U Phyo Min Thein, YCDC

Gold Exchange Market to Open in 2017

January 12, 2017 by thiha

RANGOON — The Myanmar Gold Entrepreneurs Association plans to open a gold exchange market in Rangoon this year. The official gold market has been in the works for three years, and various ministries are now assisting in its creation, said U Kyaw Win, general secretary of the association, at its 14th anniversary ceremony in Rangoon […]

Filed Under: Latest News Tagged With: business, central bank, China, Economy, Gold Business, Gold exchange, Mandalay-based Aung Thamadi gold shop, Myanmar, Myanmar Gold Entrepreneurs Association, Rangoon, The Myanmar Gold Entrepreneurs Association, U Kyaw Win, U Myint Thaung

Entrepreneurs ask finance minister to reconsider special tax

June 22, 2016 by thiha

Planning and Finance Minister U Kyaw Win received a barrage of requests to cut taxes during a meeting with a group of almost 50 business associations in Yangon earlier this week. The minister met with entrepreneurs at the Union of Myanmar Federation of Chambers of Commerce and Industry, to ask their opinions on economic development and learn […]

Filed Under: Latest News Tagged With: Asian Development Bank, Finance Minister U Kyaw Win, IRD, Jewellery Entrepreneurs Association, Mon State, Myanmar Federation of Chambers of Commerce, Myanmar Garment Manufacturers Association, Myanmar Gems, Myanmar Gold Entrepreneurs Association, U Kyaw Win, U Myint Soe, U Thein Sein, Union Tax Law, Yangon

Industry lobbies for gold and diamond trade to be legalised

January 14, 2016 by Thiha

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 […]

Filed Under: Latest News Tagged With: foreign currency, global market, Industry bodies, industry sources, local traders, Ministry of Commerce, Myanmar Federation of Mining Association, Myanmar Gold Development Public Company, Myanmar Gold Entrepreneurs Association, U Myo Myint

Myanmar Unprepared for Stock Market: Economist

January 13, 2016 by Thiha

Trading of stocks at the Yangon Stock Exchange (YSX) is expected to begin in March, giving Myanmar people another option to invest their money. Currently, people invest in the property market or the currency market, however, they are less likely to move their investments into the new stock market, a local economist said. “All of […]