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,Japan to launch project to boost farm productivity in Myanmar
The daily Japanese newspaper The Mainichi, reported that the Japan International Cooperation Agency (JICA) and the Myanmar government signed an agreement to launch a 390 million yen (USD 3.6 million), 4-year long, project to boost irrigation and agri
China eyes Myanmar bananas
China may soon ink a new banana trade deal. Deputy Minister of Commerce U Aung Htoo announced that the two country’s are in talks to sign an agreement for China to import large quantities of Myanmar bananas, adding that fruit to the list of hi
Sugar season delayed as prices fall
Sugar production in Myanmar will begin a full month later than usual due to unfavorable weather and falling prices. An unnamed sugar cane trader told the Myanmar Times that the “unusual weather” has pushed the sugar production season into
