The Difference Between Logistics and Supply Chain Management (SCM)

The Difference Between Logistics and Supply Chain Management (SCM) What is Supply Chain Management? Supply chain management is the planning and execution of all processes involved in a product’s entire journey through a business. So, this includes the purchasing of raw materials and their journey into the company. Then they are manufactured into a product … Read more

Myanmar rice aimed for Bangladesh market under G-to-G pact

Bangladesh has proposed to purchase Myanmar’s rice on account of good quality under the government-to-government agreement this year, according to the Myanmar Trade Promotion Organization. Bangladesh’s Ministry of Food bought Myanmar’s rice last year and good quality appealed to them to buy it again this year. Bangladesh will sign rice deals by setting prices depending … Read more

Myanmar ships 3,000+ MTs of shrimp to international markets in last four months

Myanmar exported over 3,000 metric tons of shrimp to global markets in the past four months, according to the Department of Fisheries.
Myanmar’s seaborne shrimp export was estimated at 2,859.032 tonnes worth US$10.847 million and border saw exports of 353.297 tonnes worth $1.866 million between 1 April and 31 July of the current financial year 2023-2024, totalling 3,212.329 tonnes worth $12. 713 million.

The shrimp exports dropped compared to that of the year-ago period. Myanmar sent 4,545.728 tonnes worth $16.556 million by sea and 340.924 tonnes worth $1.555 tonnes via border in the corresponding period last FY, reaching 4,886.652 tonnes worth $18.111 million.
Myanmar delivers fishery products including fish and shrimps to neighbouring countries (China and Thailand) through Muse, Myawady, Kawthoung, Myeik, Mawtaung, Maungtaw and Kenglek border posts. Myanmar ships them to Japan and European countries via maritime trade.
There are 480,000 fish and shrimp farms and over 120 cold storage facilities across Myanmar, fish breeders said.
Myanmar’s fishery export has returned to normalcy. Yet the export volume still declines compared to that in the pre-coronavirus period. — TWA/EM

Myanmar’s first wind power project cooperation signed, new step under BRI

A deal for Myanmar’s first wind power project with the participation of a Chinese energy infrastructure company was signed on Wednesday, a major step in bilateral new-energy cooperation, the Chinese Embassy in Myanmar said in a statement released on Thursday. The two countries see a trend of project facilitation in tapping energy shortages in the … Read more

Impact of rising commodity prices hitting Myanmar civilians hard

After the military coup d’etat, the economic sector has been facing a steady decline, exacerbated by the departure of foreign investments, leading to a steep increase in commodity prices. Urban residents have voiced concerns over the escalating cost of goods, attributing it to the Military Council’s decision to issue a new 20,000 banknote.   As … Read more

Myanmar Economic Monitor June 2023: A fragile recovery. Key Findings

Key Findings Economic conditions in Myanmar have stabilized in the first half of 2023. Exchange rates have remained steady, while inflation in food and fuel prices has eased. Most indicators suggest economic activity is slowly increasing, albeit from a very low base. Manufacturing output and new orders have risen quickly, sales of domestic products have … Read more

Myanmar Petrol Prices up 15 per cent in July

Petrol prices in Myanmar increased by about 300 kyats a litre, or about 15 per cent, in July, after having been stable for a few months. “Normally it [the price of petrol] fluctuated but, following the 20,000 kyats banknote chaos, the price went up by 300 kyats in a month. For diesel there has been … Read more

CBM joins hand with law enforcement to take action against market manipulation

The Central Bank of Myanmar (CBM) joined hands with the authorities for law enforcement activities aiming to investigate and take action against those with manipulative behavior to raise commodity prices and dollar exchange rates as it harms the public interest. The newly issued note will not affect the currency in circulation. It will be issued … Read more

Black gram, pigeon pea prices hit fresh peaks

Prices of black grams and pigeon peas moved up in Yangon’s pulses market. The price of black gram (FAQ/RC) bounced back to over K2.3 million per tonne after 28 days of fall, while the pigeon pea price was above K3 million per tonne on 29 July. Approximately 130 containers (3,120 tonnes) of black gram were … Read more