Individual trades through land border exceed K8 bln in Q1

According to data released by the Ministry of Commerce, trade conducted by Individual Trading Card (ITC) holders reached over K8.09 billion through the land border in the first quarter of the current financial year 2020-2021. The Trade Department issued 17 cards in the October-December period this FY. Imports exceeded K6.46 billion, and exports were valued […]

Action to be taken against permitted A-level factory unless complied with regulations

The permitted factories in Mandalay Industrial Zone, which meets A-level practices in coronavirus containment measures, will be taken action for a shutdown if they are found not to comply with health regulations during surprise inspections, Mandalay Industrial Zone Management Committee stated. The factories and workplaces, which meet health criteria (Level A) set by the Ministry […]

Foreign investment in Myanmar flows to the production with piecework system

The amount of investment from Hong Kong within three years has increased by more than US$ 589 million while the majority of funds flow to the production operated under the piecework system. Within three years under the new government’s term from the fiscal years 2010-11, 2011-12, 2012-13, Hong Kong investment rose from more than $ […]

Slow entry of foreign banks hinders small and medium enterprises

As foreign banks are not yet permitted to offer full services in Myanmar and confined to run representative offices, local small and medium enterprises are facing hardship. Some of the SME businessmen said that they have to brace for more expenses and time in running their businesses, including money transactions with foreign countries, and that […]

China expands its investment in mining sector

Sichuan Henglu Industrial Company from China and Myanmar’s Good Plus Star Mining Company have formed a joint-ventured company named GPS Joint Venture to refine lead in Kalaw Township, Taunggyi district at Shan State. The joint-ventured company has been permitted to start operation by a meeting of Myanmar Investment Commission (MIC) held at Nay Pyi Taw […]

Local company Danarazar to provide electricity to Yangon industrial zone

Subscribe to our tender alert mailing list YANGON-Local private companies are poised to distribute electricity to industrial zones in Yangon, the commercial hub of Myanmar, according to local sources. Among them, Danarazar Company is now preparing to distribute power to Hlaingthaya Industrial Zone in the city at a price of Ks 150 per unit, said […]