With the Chinese New Year approaching, the live cattle export market at Muse has cooled, and about 3,000 heads of cattle have been stranded in the border area, causing difficulties to traders.
Imports of raw materials by CMP businesses have been valued at US$608.9 million for the three months since October in the 2019-2020 fiscal year, an increase of $49.49 million compared with the year-ago period, according to the Ministry of Commerce.
Neighbouring countries are building stronger gems market than Myanmar, which is the country of origin for many gems. Nearby countries are enjoying greater benefits than Myanmar, which is producing the gems and jewelleries, said U La Hpai Khun Sa, chairman of the Myanmar Gems and Jewellery Entrepreneurs’ Federation.
