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Betel leaf cultivators earn handsome profits
Jan 15, 2018
Local betel leaf cultivators from Thaton Township, Mon State, have earned handsome profits because of the high price for betel leaves this year. “Betel leaves do not grow well in unstable weat... 41

Jade sales fetch nearly $300 million
Jan 15, 2018
Myanmar earned over US$290 million (389.8 billion kyat) from jade exports up to the first week of this month in 2017-2018 fiscal year. Sales were down by over $210 million compared to the same period ... 32

Some 200 tonnes of turmeric roots exported to China last month
Jan 12, 2018
Myanmar exported nearly 200 tonnes of turmeric roots to China last December, according to border trade authorities. According to official statistics, Myanmar sent some 52.5 tonnes of turmeric ro... 94

Excel KC Myanmar Co wins tender to provide card payment service on YBS buses
Jan 12, 2018
Excel KC Myanmar Co Ltd has won the tender to launch a card payment system called Yangon Payment Service-YPS to be used on YBS (Yangon Bus Service) passenger buses, according to a statement released b... 75

Myanmar’s pickled tea leaves, assorted peas retain strong market share in Europe
Jan 10, 2018
Myanmar’s unique package of tea-leaf dressing and salad ingredients, such as assorted peas, peanuts and sesame seeds, has maintained a strong market share in Europe, according to a report in t... 97

Chin State elephant foot yams fail to meet foreign demand
Jan 09, 2018
The elephant foot yam, also known as the whitesport Giant Arum, which is largely grown in the Chin State in Myanmar, failed to meet foreign demand because of the crop’s inferior quality this y... 77

Rising onion supply brings prices down
Jan 09, 2018
As the supply of onions has increased, prices have begun to fall significantly, according to merchants. The new harvest to the Pakokku market in Magway Region has brought down the prices from K3,000 ... 72

Chief ministers seek to end Myanmar’s casino ban
Jan 08, 2018
Five of Myanmar’s 13 state and regional chief ministers have petitioned the central government to end its ban on casinos in the country, arguing that casinos will attract high-end foreign tourists a... 96

MRF sets up 3 committees over swindling in rice market
Jan 08, 2018
Three committee will be formed in order to deal with the swindling of over 5 billion kyat from merchants in the rice market, said the chair of Myanmar Rice Federation, Aung Than Oo, at a January 6 pre... 83

Rice exporter allegedly defrauds merchants out of K5.3 billion
Jan 07, 2018
A rice exporter is believed to be on the run after he allegedly swindled 64 rice merchants out of K5.3 billion (US$3.9 million). The merchants have filed a complaint through the Myanmar Rice Traders A... 104

Applications open for 2 low-cost housing projects Jan8
Jan 07, 2018
People pre-approved for purchasing low-cost housing can apply starting January 8 for apartments in two projects – the Shwelinban low-cost housing project in Hlaingthaya Township and the Kanaung low-... 88

Trade volume down at six border trade camps
Jan 07, 2018
Trade volume at six border trade camps including the Myawaddy one has dropped to about US$80 million (108.4 billion kyat), according to figures from the Trade Department. From April 1 to December 2... 89

Gold price bounces back after three weeks
Jan 07, 2018
The price of domestic gold price has increased from Ks915,000 to Ks938,000 per tical (0.578 ounce) since the second week of December. The increase in price has been attributed to the high price ... 70

FDA conducts surprise check at Theingyi Market, Yuzana Plaza
Jan 06, 2018
A team, led by the Yangon Department of Food and Drug Administration (FDA), conducted a surprise visit to check products in food and cosmetic stores at Theingyi Market and Yuzana Plaza yesterday... 118

Govt changes rules to increase foreign investment
Jan 06, 2018
International investors are showing interest in Myanmar, led by investors from other Asean countries, along with Japan and China said the nation’s commerce minister. To prepare for additional inter... 105

Housing sector sees increased domestic investment
Jan 06, 2018
Myanmar’s entrepreneurs have made the largest investment in housing projects across Myanmar this fiscal year, according to the Department for Investment and Companies Administration (DICA). “Th... 96

MPTA to request govt to scale down sulphur levels
Jan 04, 2018
The Myanmar Petroleum Trade Association (MPTA) will submit a proposal to the Ministry of Electricity and Energy asking it to reduce the sulphur content from 500 ppm (parts per million) to 10 p... 120

YSX sees 70pc-plus drop in stock trading
Jan 04, 2018
Stock trading value at Yangon Stock Exchange (YSX) amounted to over K22 billion last year, down more than 70 per cent compared with 2016, according to figures from the YSX. From March to December, ... 107

Over 145,000 MoU workers migrate to Thailand in 2017
Jan 04, 2018
Due to reduced employment opportunities and low salaries, more than 145,000 Myanmar workers who signed an MoU left for Thailand last year, according to the Labour Department. In 2018, Thailand fix... 91

Myanmar to raise minimum wage to K4,800 per day
Jan 03, 2018
Myanmar’s National Committee on Minimum Wage decided on Dec. 29 to set the nationwide minimum wage at K4,800 (US$3.52) per day, or K600 ($.044) per hour. The decision was approved yesterday by Union... 112

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