Sanctions lifted temporarily, says US official
The US is temporarily easing trade restrictions on Burma by allowing all shipments to go through its ports for six months, officials said on Monday.
The US is temporarily easing trade restrictions on Burma by allowing all shipments to go through its ports for six months, officials said on Monday.
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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.
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Cross-border trade between Thailand and Burma through the Mae Sot-Myawaddy checkpoint totalled more than 60 billion in the last fiscal year.
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Catch up on all this week’s business news from Burma.
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As a pilot programme to export rice to China nears, DVB’s Aye Nai speaks to Ye Min Aung, the Myanmar Rice Federation general secretary.
Unregistered medicines should be avoided, consumers told, while retailers and distributors are warned of possible legal action.
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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.
Revaluation of Burmese currency to US dollar will cause a doubling of import tax along China-Burma border