Business

Myanmar-India trade in January up 28%

Mar 14,2019

MYANMAR-INDIA bilateral trade totalled US$147 million in January, the fourth month of the fiscal year 2018-2019, with $70.4 million in exports and $77.4 million in imports, according to the monthly trade report of the Ministry of Commerce.

MRF to set floor price for paddy this month

Mar 13

THE Myanmar Rice Federation (MRF) will declare at floor price for paddy this month. U Ye Min Aung, the chair of the federation, made the remarks at the MRF central executive meeting, held in the first week of March.

Marine exports up $26 mln in five months

Mar 11

MYANMAR earned about US$364 million from the export of fisheries products in the first five months of the 2018-2019 fiscal year, increasing by $26 million from the corresponding period last 2017-2018 FY, according to official figures issued by the Ministry of Commerce.

Eye on EU tax, Myanmar cuts exports of long-grain rice

Mar 09

In spite of the European Union imposing a tax on imports of long-grain rice, Myanmar’s rice exports to the EU have not declined as traders are shipping rice varieties that don’t fall in the new tax bracket, according to the Myanmar Rice Federation (MRF).

Vietnam's seafood export rises slightly in 2 months

Mar 08

Vietnam earned nearly 1.1 billion U.S. dollars from exporting seafood, mainly prawns and catfish in the first two months of this year, posting a year-on-year increase of 2.3 percent, according to the Vietnamese Ministry of Agriculture and Rural Development on Thursday.

Kyat likely to strengthen against US dollar in pre-Thingyan days

Mar 08

PRIOR to Thingyan festivals, the value of Kyat is expected to gain against the US dollar in domestic currency market, according to currency market forecast of businesspersons.

Nearly 60% of dried fish depots suspended due to import ban

Mar 08

Nearly 60 per cent of dried fish depots in the country have suspended operations on account of the ban on import of raw dried fish, according to the Myanmar Fish Paste, Dried Fish, and Fish Sauce Entrepreneurs Association.