Category: Highlights

China’s CITIC to build Myanmar’s Kyaukphyu Deep Seaport for USD 1.3 Billion

Deputy Commerce Minister U Aung Htoo said on Feb 16 that the planned multi-billion dollar Kyaukphyu Deep Seaport project will be developed with the contribution of 70 per cent by the China International Trust and Investment Corporation Consortium (CI

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Total border trade value exceeds USD 3.9 billion, up USD 584 million

Despite the coronavirus outbreak, the total border trade value through 7 February of this fiscal year (FY) was up USD 584 million compared with the same period last year, exceeding USD 3.9 billion, according to the Ministry of Commerce. The total bor

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POSCO International discovers new gas layer in the deep sea of Myanmar

POSCO International (formerly DAEWOO International), a South Korean company serving a broad range of industries, from steel, energy, and agro to chemicals, mobility & materials, and infra, has confirmed on February 17th the productivity of about

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Inflation hits year-high in December 2019

Myanmar’s Central Statistical Organization (CSO) released the latest inflation figures for 2019 showing that the annual rate of inflation in Myanmar, based on the Consumer Price Index, stood at 8.81 percent in December. The average inflation ra

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Illicit trade valued at over USD 6.4 billion per year

Myanmar’s illicit trade stands at USD 6.4 billion. During the first-ever Illicit Trade Forum held on February 3rd and 4th in Geneva, U Than Myint, the country’s minister of commerce, said that this figure is still “just the tip of the i

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Government racks up nearly USD 1 billion in mineral export in current FY 19-20

According to figures from the Ministry of Commerce released this week, Myanmar earned over USD 907 million from mineral exports in the first four months of present fiscal year (FY) which started October 1st. This figure represents an increase of USD

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