Palm oil price on downward trend tracking Kyat revaluation

Dec 17,2021
THE price of palm oil plummeted to K4,270 per viss (a viss equals 1.6 kilogrammes) at present, following the Kyat revaluation on the US dollar in the local forex market, according to the domestic market.
CBM sells $15 mln on 15 December
Dec 17
THE Central Bank of Myanmar (CBM) has announced that they have sold US$15 million on 15 December 2021 at an auction market rate, bringing a total number of sales of $43 million in December three times.
Yangon gold market trades up to 50 visses of gold daily
Dec 17
YANGON gold market is trading up to 50 visses (a viss equals 1.6 kg) of gold daily, said Chair U Myo Myint of Yangon Region Gold Entrepreneurs Association (YGEA).
Rubber price from Homalin drips
Dec 16
The prices of rubber from Homalin Township, Sagaing Region dropped in these days, said Daw Su Su Htway, head of the Homalin Township Agriculture Department.
Yuan-Kyat direct trade allowed in Sino-Myanmar border areas
Dec 16
The use of Yuan or Kyat in the bilateral transaction is officially allowed in the border areas between Myanmar and China in a bid to encourage trade, .............
1,700 companies struck off register due to AR absence in past five months: DICA
Dec 15
A total of 1,700 companies was struck off the register in the past five months (July-November) as they fail to submit an annual return (AR) on the online registry system, .............
Myanmar’s foreign trade value drops by nearly $322 mln in mini-budget year
Dec 15
MYANMAR’S foreign trade value has seen a decrease by nearly US$322 million over the past two months of the current mini-budget period as both export and import decline, .............