RANGOON — The US dollar exchange rate—at its highest since the new government came to power in April—has Burma’s business community looking for better trade policy. “In the black market, the exchange rate is currently 1306 kyats [US$1] per dollar; it’s too high for importers. If the import demand increases, it could impact the prices […]
Fruit farmers consider forming public companies
June 17, 2016 by
Frustrated with complex procedures, taxes and advantages held by Chinese traders in the border town of Muse, fruit farmers in upper Myanmar have floated the idea of forming companies in the hope of finding strength in numbers. In May, the government tried to help farmers and small-scale importers and exporters in Northern Shan State, Mandalay […]
Salt industry to collapse, experts fear
March 6, 2014 by
Myanmar’s once-booming salt industry, destroyed by Cyclone Nargis, will be completely wiped out within a couple of years unless it receives financial aid from the government, industry experts warn. The storm, which killed an estimated 138,000 people and caused billions of dollars’ worth of damage to the economy when it struck in May 2008, also […]
