Individual permits boost trade MMK 8 billion

A new round of Individual Trading Cards (ITC) has helped boost overall trade by MMK 8.09 billion in the first quarter of the fiscal year, according to the Ministry of Commerce. That number comprises MMK 6.46 billion in imports and MMK 1.6 billion in

Japan loans USD 400 million for development

Japan and Myanmar have finalized a set of loans totaling around USD 409 million to develop Myanmar’s small and medium enterprises and to build a new bridge across the Sittaung River. Japanese ambassador to Myanmar, HE Ichiro Maruyama and deputy

ADB loans nearly USD 500 million for highway

Last week, the Asian Development Bank (ADB) approved a loan of USD 483.8 million for a new highway linking Bago with Kyaiktiyo, Mon State. The 64-kilometer highway will be a key component of the Greater Mekong Subregion (GMS) East-West Economic Corri

City opposite Muse re-opens

The government of Yunnan, China, announced that the border city of Ruili, opposite Muse, will soon re-open after weeks of strict lockdown. After tens of thousands of tests, no one else has tested positive for the disease, and restrictions will soon b

China locks down city opposite Muse

China has put its city of Ruili, which shares a border with Muse, on lockdown after two Myanmar citizens tested positive for COVID-19 there. China’s state-owned Global Times newspaper compared the lockdown to “wartime status,” descr

Myanmar-ASEAN trade hits USD 9.9 billion

Trade between Myanmar and other ASEAN nations has reached USD 9.9 billion this fiscal year despite the COVID-19 pandemic, according to Ministry of Commerce data reported by Xinhua News, and briefly reported in our Highlights section last week. Since