Myanmar import protection law to take immediate effect

  Myanmar has moved to protect local producers from overseas competition as growth projections for the country’s economy are slashed due to COVID-19. The president Office released notification (83/2020) on July 1, stating that the law of Protection from Increased Import Volume enacted in 2019 will take immediate effect. The law is expected to promote..

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Trade gate at Muse closed due to COVID-19

The Mant Wain trading gate in Muse has been closed since April 5 as both governments take more stringent measures to prevent the spread of COVID-19, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce.  China no longer allows Myanmar truck drivers to cross into Yunan so Mant Wain, which is the..

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China provides $6.7m for 22 projects in Myanmar

  China will provide US$6.78million (K9.45 billion) to Myanmar for 22 projects under the Mekong-Lancang cooperation initiative, the Ministry of Foreign Affairs announced on Monday. The Mekong-Lancang Cooperation Special Fund is a cooperation mechanism set up by China that involves Cambodia, Laos, Myanmar, Thailand and Vietnam with the aim of promoting cooperation in the areas..

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Strong Thai baht could impact imports, currency

Photo - EPA   The Thai baht has reached a six-year high against the US dollar and is now at around 30.2 per dollar. Of the four countries that share borders with Myanmar, Thailand is the second largest trading partner, with trade volumes during fiscal 2018-19 amounting to US$3.8 billion, according to government data. Just..
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Two Chinese airlines start direct flights from Yangon

Chinese visitors arrive at Yangon International Airport. Photo - Supplied   Yangon Aerodrome Co Ltd, operator of Yangon International Airport (YIA), has announced the launch of Qingdao Airlines’ direct flight between Yangon and Ningbo in Zhejiang, China. Qingdao Airlines will operate an Airbus A320 aircraft with the capacity for 180 passengers for the new service..
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