E-commerce threat for Myanmar’s jade

As if human rights abuses, corruption charges and deadly landslides haven’t hurt the industry enough, Myanmar’s multi-billion-dollar jade and gemstone industry now has to deal with the challenges of e-commerce. Myanmar produces 90 percent of the world’s jade and is a major player in the global gem economy, but poor regulations mean up to two-third […]

Authorities working on permitting liquor imports

Arrangements are being made to allow liquor, beer and wine imports, albeit within limits, U Aung Htoo, deputy minister for the Ministry of Commerce, said in Parliament. Supporting legislation will also be drafted. As Myanmar currently bans the import of alcohol, large quantities of foreign liquor, beer and wine are smuggled into the country on […]

Myanmar develops gold trading avenues

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 […]

Malaysian stolen vehicles believed to be smuggled into Myanmar, Laos and Cambodia

Vehicle theft syndicates in Malaysia are believed to have expanded their so-called ‘business” event to Myanmar, Laos and Cambodia through Thailand, according Bernama- Malaysia National News Agency. The cars stolen in Malaysia are believed to be transported via the sea by container ships from Singapore to Thailand which shares land border with three Indochina countries, […]

Big tobacco eyes Myanmar market

A smoky haze greets customers walking into any of Yangon’s tea shops as patrons light up hand-rolled cigarettes known locally as cheroots. Elsewhere in Myanmar’s main city, vendors sell cheap cigarettes smuggled from China to drivers stopped at traffic lights. The pavement is painted red with the spit of people chewing tobacco wrapped in betel […]