CBM mulls new system of bank payments in Myanmar-China trade

The Central Bank of Myanmar (CBM) has said it will allow traders to make payments through banks for conducting trading activities with China. The CBM will allow the payment facility beginning this year, and plans to grant permits to private banks to offer the facility. Under the new service, individual traders will be able to […]

Container service to Yangon from Sept. 4

In yet another major development to make Visakhapatnam a container hub, Herbilan Shipping Pvt. Ltd, one of the leading players in shipping, will launch a feeder service connecting Visakhapatnam Port to Yangon in Myanmar from September 4. The new service will be launched from Colombo to Yangon via Visakhapatnam and back. It will be a […]