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Law enforcement officials in Pegu Division’s Kyauktaga Township open fire on trucks carrying illegal timber as they tried to run a checkpoint.
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The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
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Catch up on the latest Burmese investment and business news.
Cross-border trade between Thailand and Burma through the Mae Sot-Myawaddy checkpoint totalled more than 60 billion in the last fiscal year.
Almost $20 billion in dirty money linked to corruption and tax evasion has left Burma in the past five decades, according to an international watchdog.
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Catch up on all this week’s business news from Burma.
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The temporary ban on Burma’s rice exports, which was imposed due to shortages and inflation during last month’s flood disaster, may soon be lifted.
Burma, which has imposed a temporary ban on rice exports after heavy rains and floods hit the northern and western regions of the country, may not resume rice exports until November, local sources said, quoting an announcement by the Ministry of Commerce.
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Burma’s currency was stable again this week; the buying rate for Burmese kyat on Friday was 973 to the US dollar. The price of gold rose slightly to 671,300 kyat per tical, up from 669,000 kyat last week. Fuel and rice prices remained steady.
Burma’s famous green tea salad, lahpet, is soon to be marketed to Japanese consumers. A Tokyo-based firm is seeking Burmese tea cultivators to import fresh leaves.
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Whole families are working day and night in Rangoon’s logging ports, husking the bark from logs to sell as firewood.
The Myanmar Rice Federation’s general-secretary has stressed a need for tangible rice policies to keep abreast with industries in neighbouring countries.
Nov 25, 2009 (DVB), Burma's rice production, once the most prodigious in the world, is making headway towards its former glory and will soon match Vietnam's output, a leading rice[…]
Feb 18, 2008 (DVB), Burmese government restrictions to prevent companies that have not been approved by the regime from exporting rice are leading to a rise in the price of[…]
