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

Signs of hope for pandemic-stricken economy

After months of stalled trade and a crippled tourism industry due to the COVID-19 epidemic, some economic sectors are showing signs of recovery even as others continue to slide. Since January, land trade with China, Thailand and India has taken a ser

Myanmar halts cruise ship amid coronavirus scare

Myanmar blocked a cruise ship carrying more than 400 passengers after it docked in Thailand and other countries with confirmed cases of the novel Coronavirus. The ship, which is operated by Silversea Cruises, had previously landed in Phuket, Thailand

Corn crop latest focus in Thai border trade developments

The Myanmar Corn Association is overseeing the development of corn wholesale collection centers in the border town of Myawaddy as the country builds its trade infrastructure with Thailand. The sites are expected to open in April. U Min Khine, chair
Illicit trade valued at over USD 6.4 billion per year

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

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