YGEA needs CBM’s nod to use TT system for gold export, import transaction

Dec 23,2021
At present, gold export has come to a stop after the international remittance for the gold transaction was changed from Telegraph Transfer (TT) to Letter of Credit (LC), he added.
Local cotton from Myothit still in trade regularly despite slightly gaining price
Dec 22
LOCAL people from Myothit township, Magway region has grown a total of 23,757 acres of cotton farmland this year. They have cultivated more 298 acres of cotton than their expected acreage.
One in five watermelon trucks remains undamaged due to long queue
Dec 22
AS watermelon trucks heading to China is facing long queues, most of the watermelons turned bad. Only one in five trucks are left undamaged with quality watermelon, ...........
YRTC to resume YPS card system
Dec 20
Te Yangon Region Transport Committee (YRTC) stated it would lead a project to resume the YPS card system for YBS passengers in Yangon City.
Palm oil price on downward trend tracking Kyat revaluation
Dec 17
THE price of palm oil plummeted to K4,270 per viss (a viss equals 1.6 kilogrammes) at present, following the Kyat revaluation on the US dollar in the local forex market, according to the domestic market.
CBM sells $15 mln on 15 December
Dec 17
THE Central Bank of Myanmar (CBM) has announced that they have sold US$15 million on 15 December 2021 at an auction market rate, bringing a total number of sales of $43 million in December three times.
Yangon gold market trades up to 50 visses of gold daily
Dec 17
YANGON gold market is trading up to 50 visses (a viss equals 1.6 kg) of gold daily, said Chair U Myo Myint of Yangon Region Gold Entrepreneurs Association (YGEA).