KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans. By THOMAS KEAN and KYAW LIN HTOON | FRONTIER The country’s largest private bank, […]
Indian terminal operator Adani Ports breaks into Mymanar box business with Yangon investment
June 10, 2019 by
Adani Ports and Special Economic Zone (APSEZ) is set to build a container terminal in Myanmar, the group’s first box facility outside India. Slated for Yangon’s inner-city river port, work on the US$290m facility will break ground this month. Total capacity will eventually reach 800,000 teu, with a first phase offering 500,000 teu by June […]
Nearly 1,300 motor vehicles unclaimed at Yangon ports for over a year
October 20, 2016 by
Nearly 1,300 cars which have gone unclaimed at Yangon ports for over a year will be confiscated and not allowed to be withdrawn even with payment of fines, it is learnt from the Myanma Port Authority. Ships load motor vehicles at seven ports — Myanmar International Terminals Thilawa, No.4 Thilawa Port, Myanmar Industrial Port, Sule […]
Container ship jam at Yangon’s port
June 8, 2016 by
Container ships arriving at Myanmar’s Port of Yangon in May were forced to wait in port up to three times longer than normal due to high levels of congestion, according to a report by JOC.com on June 2. Ship call data seen by JOC.com for Myanmar Industrial Port show the vast majority of ships needed […]
Easing of US sanctions on Myanmar to boost trade and investment
May 26, 2016 by
THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]
Myanmar earns US$5 billion from foreign trade
July 15, 2014 by
From April 1 to July 4, Myanmar’s foreign trade through land and maritime routes has amounted to more than $5 billion, an increase of $1 billion from the same period last year, according to the Ministry of Commerce. The exports totalled $1.8 billion and the imports were worth $3.4 billion. The maritime trade accounted for […]
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