The value of Myanmar’s imports surpassed exports in bilateral trade with Singapore in the 2018-2019 Financial year, according to data from the Ministry of Commerce.
With gold prices sliding in the global market, the price of the yellow metal in the domestic market is likely to continue falling, according to gold traders.
Despite the surge in onion prices in the local market, onion imports will not be allowed during harvest time, said Deputy Minister for Commerce U Aung Htoo. The minister said imports will be allowed only if there is a shortage of onions in the local market coupled with a price escalation.
AIA, recently announced that it has signed up its first life policy insurants, just after receiving its license from Ministry of Planning and Finance (MoPF).
Myanmar has earned over US$1.4 billion from border trade between 1 October and 22 November, exceeding the $312 million collected during the same period last year, according to the Ministry of Commerce.
