Container shortage pushes freight rates to almost triple in Myanmar

Container shortage pushes freight rates to almost triple in Myanmar

In a combination of globalization and pandemic effect, the price of containers to be shipped out of Myanmar has almost tripled in the past 6 months. This is a global phenomenom including other parts in Asia: the Shanghai Containerized Freight Index a

Myanmar-China trade tops USD 1.3 billion

Trade between Myanmar and China has reached USD 1.337 billion in the first two months of the fiscal year and the two countries deepen their trade partnership. The data, which Eleven Media Group obtained from the Ministry of Commerce, shows USD 551 mi
Containers in port

Parliament weighs raising import license fees

Ministry of Commerce deputy minister U Aung Htoo proposed an increase of import licensing fees to the Union Parliament on August 26, citing a decrease in imported goods. The new licensing structure would raise fees from between MMK 30,000 to MMK 90,0