Chinese demand drives plum prices up

Plums from Singaing and Patheingyi townships are fetching a good price during plentiful harvest period on the back of China’s strong demand, growers said. The maximum price of the best quality plums in the Muse border market is 40-50 Yuan per 16-kg box, while fair quality plums are priced 25-40 Yuan per box. “The plums […]

KBZ Bank joins Myanmar’s interbank transfer system

KBZ Bank account holders will be able to transfer money to other banks in Myanmar after the bank launched its digital interbank transfer system on December 15. “Digital money transfer can now be done easily and safely between local banks,” said KBZ deputy managing director Mr Robin Chua. Users can transfer a maximum of K […]

Myanmar commerce ministry declares import licence list

Import licences will now be required for around 4000 kinds of goods in Myanmar. This will take effect on December 1, the Ministry of Commerce announced. Traders for a total of 3931 goods categories including live animals, meat and fish, edible oil, vegetables and crops, forest products, beverages, mineral fuels, chemicals, medicines, automobiles and machinery […]