Local gold price likely to slip further: gold traders

Jun 11,2019
Tracking the drop in the price of gold globally, the yellow metal is likely to continue its slide in the domestic market, said U Ohn Myaing, General Secretary, Myanmar Gold Entrepreneurs Association.
Myanmar imports decline 6% in current fiscal
Jun 08
MYANMAR’S  imports  have  exceeded  US$12  billion  in  the  eight months since October in the current fiscal year, the Min-istry of Commerce reported on Friday. Compared with the cor-responding  period  of  the  2017-2018FY, imports have declined by more than $780 million, or 6 per cent.
Successful cultivation of agarwood attracts foreign travellers’ attention
Jun 05
The interest of foreign travellers in value-added agarwood is more than that of the past since it can be successfully cultivated and produced in Myanmar and agarwood purchase is on the increase.
MIC approves proposals by 14 foreign investors, 16 domestic enterprises
Jun 05

THE Myanmar Investment Commission, at a recent meeting, approved investments of US$44.8 mi

29 Yangon industrial zones to be upgraded: Yangon Region Chief Minister
Jun 05
THE Yangon Region government will upgrade 29 industrial zones, said U Phyo Min Thein, Yangon Region Chief Minister.
Domestic oil prices remain low on weak global cues
Jun 04
With oil prices continuing to fall in the global market on the back of the escalating trade war between US and China, domestic oil prices remained below K1,000 for one litre in the end of May and early June, according to the local oil market.
Local gold price climbs up as global market sees rise
Jun 03
As the global gold price surged to US$1,306 per ounce on 31 May, domestic gold price reached a high of K1,056,000 per tical (0.578 ounce) in the afternoon of 1 June, according to local gold market.