Agricultural products exports up by USD 500 million this FY

Agricultural products exports up by USD 500 million this FY

The Ministry of Commerce reported that exports of agricultural products are on the rise YoY over the 10 months of the current fiscal year (until July 31st), at USD 3.3 billion up from 2.8 billion in the corresponding period last year. Main agricultur

India to buy huge amount of black gram as beans remain steady

The government of India has announced plans to import 400,000 tonnes of black gram beans from Myanmar between May 2020 and March 2021. The price per tonne of black gram is holding at around MMK 1 million per tonne, according to the Myanmar Times. Bla

Border trade with China picking up

Border trade between China and Myanmar, hit hard by the COVID-19 outbreak, appears to be picking up. Trade along the Myanmar-China border had plummeted as China closed border crossings and internal trade routes in an attempt to slow the spread of COV

Myanmar quarantines 22 as coronavirus hits economy

The Ministry of Health and Sports has quarantined 22 people who have been in contact with a South Korean woman who tested positive for the COVID-19 coronavirus. The woman was diagnosed with the disease in South Korea after having travelled to Malaysi

Coronavirus affects border trade

China is restricting travel in an attempt to curb the novel coronavirus outbreak, and the measures have dented cross-border trade with Myanmar. U Min Thein, Vice Chairman of the Muse Rice Wholesale Center, told The Irrawaddy that “95 percent of

Government banks will merge

Four government-owned banks will eventually merge into one entity in order to streamline their operations, especially for small-scale lending. Union Minister of Planning, Finance and Industry U Soe Win made the announcement at a workshop for micro,