Letter of Credit only accepted for gold export, import payment

Aug 18,2020
INTERNATIONAL remittance for Myanmar’s gold exports and imports can be made by the only Letter of Credit (LC), according to the notification released by the Trade Department under the Ministry of Commerce on 12 August. 
Samanea Yangon wholesale market prepares to open in November
Aug 15

Hong Kong-based company to employ over 8,000 workers in Bago Region
Aug 14
HONG KONG-BASED Glamoroso Apparel (Myanmar) Co., Ltd will develop a factory on 20 acres of land in the industrial zone in Bago Region, creating over 8,000 jobs for the locals.
Monywa depot sees decline in commodity sale
Aug 14
THE sale of Monywa depot is cool these days, said U Zaw Moe, general secretary of Monywa depot. 
Yangon investment committee approves 2 foreign, 1 domestic projects with over 1,000 jobs
Aug 14
THE Yangon Region Investment Committee (YRIC) virtual meeting on 12 August has approved two foreign projects from China, and Samoa and one domestic project. 
Mineral exports top $1.553 bln in current financial year
Aug 13
MYANMAR’S mineral exports have shown a marked increase this financial year, touching US$1.553 billion between 1 October and 31 July, an increase of $265 million compared with the year-ago period, according to the data from the Ministry of Commerce. 
Myanmar earns US$ 3.6 bln from CMP garment exports in 10 months
Aug 12
MYANMAR fetched US$3.6 billion from the garment exports in the current financial year, a decrease of some US$60 million compared to the same period a year earlier -----