transportation costs

Chronic traffic leading to higher socio-economic costs in Yangon

July 29, 2019 by Thiha

Ma Win Win starts getting ready for work at 6am sharp each day. By 6.30am she’s already at the bus stop waiting to board the two-hour long ride to her office downtown. It’s a long ride but she has no choice, as traffic in the morning is almost always at a standstill. With fewer cars […]

Government seeking solution to tackle fuel price hike: Spokesperson

October 10, 2018 by Thiha

The government is working to deal with rising fuel oil prices as it increased transportation costs and has an impact on commodity prices, said Zaw Htay, Spokesperson of Myanmar President’s Office, at a press conference held in the President House in Nay Pyi Taw on October 5. “Transportation costs have increased by 10 per cent […]

Filed Under: Latest News Tagged With: Fuel price hike, government, import fuel oil, Ministry of Energy, Myanmar investment commission, Petroleum Law, Puma Energy, transportation costs

Premium Distribution and Trust Venture Partners Announce Investment in UniVege

July 30, 2018 by Thiha

Premium Distribution, one of Myanmar’s largest wholesalers, and leading financial advisor Trust Venture Partners (TVP) are pleased to announce a newly formed joint venture which will fully acquire the business of hydroponic plant grower Provide Advanced Technology (PAT). The food tech startup was set up by Japanese entrepreneurs and grows organic salad and vegetables. PAT […]

Filed Under: Latest News Tagged With: carbon footprint, city mart, financial advisor, Greek, healthy foods, hydroponic plant, imported products, japanese, Japanese entrepreneurs, Korean, Marketplaces, organic salad and vegetables, PAT, Premium Distribution, Provide Advanced Technology, school kids, transportation costs, Trust Venture Partners, TVP, UniVege

Myanmar’s regulations hinder trade with Vietnam

April 27, 2018 by Thiha

Hanoi (VNA) – Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations. Vietnam is one of the first countries to promote trade with Myanmar, said Vu Cuong from the Ministry of Industry and Trade, adding […]

Filed Under: Latest News Tagged With: Accessories, ASEAN nations, Bank for Investment and Development of Vietnam, BIDV, China, Dang Hai Nha, Director, Echoing Nam’s view, iron, Legal System, Ministry of Industry and Trade, mobile network joint venture, Myanmar, Nguyen Thanh Nam, steel products, telephones, Thailand, transportation costs, Vietnam, Vietnamese exporters, Vietnamese products, Viettel Myanmar, Vu Cuong

Industry debates tax levels after easing gold trade

February 26, 2018 by Thiha

Speculation has been rife over the level of duties involved in the import and export of gold since the trade was liberalised last month, allowing gold to move freely in and out of the country via air, sea and border routes. Although the authorities have yet to make any announcements, industry insiders reckon a 15 […]

Filed Under: Latest News Tagged With: Air, border routes, China, Current Price, Exchange Rate, export taxes, gold bars and coins, Gold Mining, gold supply chain, Gold tax, gold trade, Illegal Trade, Import and Export, industry, Inland Revenue Department, IRD, Jewelry, local gold consumption, Ministry of Planning and Finance, Myanmar Gold Traders Association, Myanmar Times, Myanmar-Indian border, sea, tax levels, transportation costs, U Aung San Win, Vice Chair

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

January 30, 2018 by Thiha

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Filed Under: Latest News Tagged With: Algeria Hassi Bir Rekaiz project, Annual General Shareholders’ Meeting, Australia, bidding process, Board of Directors, Bongkot and Erawan, Brazil, Canada, CAPEX, Capital Expenditure, Chief Executive Officer of PTTEP, FID, Final Investment Decision, Financial Institutions, finanical position, gas prices, Gulf of Thailand, interim dividend, investments, Legal & Contractual Framework, Malaysia, Mariana Oil Sands project, Operating Expenditure, OPEX, PTT Exploration and Production Public Company Limited, PTTEP, Somporn Vongvuthipornchai, Southeast Asia, the Algerian Government, the Federal Republic of Brazil, The Mariana Oil Sands Project, the Middle East, The Mozambique Rovuma Offshore Area 1 Project, the oil and gas industry, the People's Democratic Republic of Algeria (Algeria), the Republic of Mozambique (Mozambique), the shareholders, the Vietnam Block B, transportation costs, Vietnam 16-1 Project, Zawtika Project

South Korea to build $98 million logistics hub in Yangon

January 29, 2018 by Thiha

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]

Filed Under: Latest News Tagged With: CEO, director-general, export quality, Fishery Products, Hlaing Thar Yar Township, HUBS MK Co Ltd, HUBS MK Company, international-standard logistics, Memorandum of Agreement, Ministry of Commerce, MOA, Mr Kang Shangwon, Myanmar Trade Promotion Organisation, Myanmar’s exports, shipping overseas, Shwe Lin Ban industrial zone, South Korea, The Myanmar Times, transportation costs, U Aung Soe, Union Minister Dr Than Myint

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

July 26, 2017 by Thiha

Representatives of the oil and gas industry have submitted a business proposal to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Filed Under: Latest News Tagged With: business proposal, deep sea port, Dr Tun Naing, Dr. Win Myint, Environmental Impact Assessment, Fuel, Fuel Importers, fuel pipeline, investment, LOGISTICS, maritime trade, Myanmar Business Today, Myanmar Chamber of Commerce, Myanmar Fuel Oil Importers and Distributors Association, Myanmar Port Authority, Oil and Gas Industry, Port project, private sector, Secretary, Stakeholders, transportation costs, transportation infrastructure, Yangon, Yangon River

MOC unveils new agricultural export reform plan

July 18, 2017 by Thiha

The Myanmar government outlined an agricultural trade plan to improve the nation’s struggling export trade sector, according to an article in yesterday’s edition of Myanma Alin Daily newspaper. The plan will address challenges including municipal container truck bans, paperwork hurdles and administrative obstacles that complicate export logistics and result in higher and less competitive prices […]

Filed Under: Latest News Tagged With: agricultural export, agricultural product exporter, agricultural trade plan, Commerce Ministry, Dr Myat Min, export, International Markets, LOGISTICS, MOC, municipal container truck bans, Myanma Alin Daily newspaper, Myanmar Government, Myanmar ports, Statistics, transportation costs

MACCS Encounters initial problems

November 22, 2016 by Thiha

Myanmar Automated Cargo Clearance System (MACCS) was launched on 12th November at international ports and Yangon Airport International Cargo Terminal. Thilawa Special Economic Zone is reported to have had some implementation problems, importers and exporters said. The system was found to have server outages and other system errors, resulting in difficulties for containers to load […]