Trade deficit shrinks to $700 mln as imports decline

May 9,2019
A fall in imports in the past seven months of the fiscal year has helped narrow Myanmar’s trade deficit to US$700 million, a significant drop from a deficit of $2.4 billion registered in the corresponding period of the 2017-2018 FY, according to data from the Ministry of Commerce.
Residents near Wetthe Lake earning good income from lotus fibre production
May 06
The residents of Shanywagon Village near the 800-year old Wetthe Lake said they are now generating a good income mainly from production of natural lotus fibre.
Onion prices drop by half in Muse market in early April
May 05
THE selling price of onions re-duced by half to K367,200 per ton in early April from K734,400 in the year-ago period, according to traders at the Muse 105th mile trade zone.
Special coffee zone set up in Thandaunggyi Township
May 02
Coffee will be cultivated on 5,000 acres of land in Thandaunggyi Township, Kayin State, as part of a special coffee zone project, according to the state’s Agriculture Department.
MIC approves US$290 mln port, container yard development project last Friday
Apr 30

THE Myanmar Investment Commission (MIC) recently gave the green light to one project for t

Myanmar’s exports to Netherlands double in February
Apr 30
MYANMAR’S exports to the Netherlands reached US$30 million in February, nearly double the value registered in the same month last year, according to the monthly trade report released by the Ministry of Commerce.
Electric bicycle to be produced in Myanmar
Apr 29
A discussion on producing electric bicycles in Myanmar is underway between owners of SMEs in Mandalay Industrial Zone and officials from Japan Myanmar Association (JMA), according to the SME in Mandalay Industrial Zone.