New liquor import law brewing
Foreign liquor may soon be legally imported. A draft of a law that will allow for the legitimate import of hard liquor has been written and submitted before the attorney general for approval, according to the Myanmar Times. Importing popular foreignMyanmar’s sea trade up 10% YoY
As reported by Xinhua, Myanmar’s trade through sea routes for current fiscal year (started in October) reached over USD 4.8 billion as of December 6. With USD 2 billion earned through maritime export and imports amounting to USD 2.8 billion, th
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
General Electric eyes expansion in Myanmar
US technology giant General Electric (GE) may soon expand its Myanmar presence. Wouter Van Versch, President and Chief Executive of GE Asia Pacific, told the Myanmar Times that the company is weighing further investments in power infrastructure
Agreement backs both baht and kyat for border trade
Thailand and Myanmar signed a memorandum of understanding (MOU) supporting the use of both nations’ currencies for border trade. The October 21 announcement came just nine days before the opening of the second Thai-Myanmar Friendship Bridge, wh
