Myanmar’s rice exports to China surge this summer

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ASIA MYANMAR BURMA INLE LAKE RICE FARMING

According to the Ministry of Commerce, in July 2019, Myanmar exported over 29,000 tons of rice to China through Myanmar-China border trade camps, an increase of over 3,000 tons from June 2019. From 27 July 2019 to 2 August 2019, Myanmar exported more than 8,000 tons of rice, including over 7,300 via Muse 105th mile trade zone, approximately 500 tons via Chin Shwe Haw trade camp, and over 160 tons via Loijel trade camp. Read more…

Yoma bank’s digital credit solution for the mass market

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On 9 August, Yoma Bank, one of Myanmar’s largest private banks, and Experian, a global information services company, announced that they have enhanced Yoma Bank’s Smart Credit solution, improving accessibility to unsecured lending for the mass market in Myanmar. Read more…

Foreign casino operators seek opportunities following 2018 gambling law

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Foreign casino operators from Hong Kong, Macau and Taiwan have been actively pursuing opportunities in Myanmar, according to Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin.  The 2018 Gambling Law, which was passed in May 2019, legalises casino gambling in Myanmar, but only in the case of foreigners.  Read more…

Increase In Foreign Direct Investment Into Myanmar

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Government-approved foreign direct investment (“FDI”) into Myanmar increased by 77% to US$2.3 in the first-half of 2019 compared to US$1.3 billion in the same period in 2018.  Singapore was largest investor (investing US$1.3 billion through 13 approved projects), followed by China (investing US$330 million through 60 approved projects).  Read more…