Myanmar-Bangladesh border trade decreases 8.8% in seven months

May 13,2019
BILATERAL border trade stood at  over  US$19  million  as  of  26  April  in  the  current  2018-2019  Fiscal year which saw a slight decrease of $1.87 million or 8.8 per cent, from the correspond-ing period last year, according to the Ministry of Commerce’s trade report.
Domestic fuel prices remain high despite fall in global crude prices
May 11
Domestic fuel prices have remained unchanged despite the decline in global crude oil prices in the past one week, according to filling stations in Yangon.
Trade deficit shrinks to $700 mln as imports decline
May 09
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