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International Education Fair Myanmar

Date: 25-26 March 2023

Time: 9:30 AM – 5:30 PM (General)

Location: Sule Shangri-La Yangon, Yangon, Myanmar

Organizer: Dagon Exhibitions

Details: The International Education Fair Myanmar event will showcase products like Universities and colleges, knowledge Economy, Primary and secondary schools, lifelong learning, vocational education, adult education, Informal education, Transfer of knowledge etc.

Highlights: Meet the world’s top Universities and Apply for 100% Full Scholarships.

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International Education Fair Myanmar

Date: 21- 22 March, 2023

Time: 9:30 AM – 5:30 PM (General)

Location: Hotel Mandalay, Mandalay, Myanmar

Organizer: Dagon Exhibitions

Details: The International Education Fair Myanmar event will showcase products like Universities and colleges, knowledge Economy, Primary and secondary schools, lifelong learning, vocational education, adult education, Informal education, Transfer of knowledge etc.

Highlight: Meet the world’s top Universities and Apply for 100% Full Scholarships.

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Trade Dept to review Advanced Telegraphic Transfer system for exports

The Trade Department under the Ministry of Commerce will evaluate the Advanced Telegraphic Transfer (TT) system to be eased in export procedures. Truck drivers need to seek QR code-based Vehicle Pass permits beforehand on digital platforms starting from 11 February 2023 in order to export goods in border trade, the Trade Department notified. The Trade Department (head office) notified Muse-Namhkam Border Trade Chamber of Commerce to disseminate this information stating that once the QR code-based Vehicle Pass system achieves success, easing the TT system will be considered.

On 1 February 2023, the department launched an online system to issue vehicle passes intending to facilitate the exports of various pulses, corn, sesame and peanut in the border channel. Consequently, those truck drivers who have received vehicle passes digitally in advance are allowed to pass the border point. The drivers of those aforementioned goods are required to seek it ahead. This vehicle pass can be done on Myanmar Tradenet 2.0 portal. The applicants holding export licenses have to fill in the classification of the vehicle in the Vehicle Monitoring System.

After screening the application, QR code-based Vehicle Pass will be issued. For those goods which do not need export licences, they can directly seek vehicle passes. The trucks can pass the checkpoints with that QR code. Those drivers which fail to show the QR code are not entitled to leave. That system kicked off on a trial run between 1 and 10 February along Muse, Myawady and Chinshwehaw borders. There were no charges on it during the trial period. That system will be fully operational from 11 February. Each truck will be charged K5,000. For further information, people can dial the contact number of the Trade Department.

Source: The Global New Light of Myanmar

Weekly market update of dry groceries at Bayintnaung Wholesale Centre

For a week from 11 to 17 February 2023, prices of three export pulses and chickpeas jumped. The wholesale market price of palm oil peaked at K7,000 per viss when 30,000 tonnes of palm oil were brought into the country. The newly harvested garlic from Shan State and Pakokku areas entered Yangon markets.

Onion
Bayintnaung wholesale market saw the entry of 180,000 visses of onions on 17 February 2023. The prices moved in the range of K1,000 and K1,500 per viss depending on the quality, size and producing areas (Seikphyu, Pyawbwe and Myittha) that day.
On 17 February, the price of large onions from the Myittha area plunged to K1,200 per viss. With about 21,276 visses of onions flowing into the Myingyan depot on 17 February, the highest price of onions from the Yaw and Pale areas was K1,150 per viss. The maximum price of onions from the Myittha area was K1,400 per viss and those from Myingyan touched the highest of K1,000 per viss with the supply of 30,000 visses to the Mandalay market.

Garlic
New garlic from Shan State and Pakokku area entered the Yangon market on 13 February. On 14 February, the prices stayed at K3,650-5,500 per viss depending on varieties and qualities.

Potato
Chinese potato price was around K2,250 per viss on 17 February, while the prices of local potatoes from Sinphyukyun and Bhamo areas moved in the range between K1,300 and 1,900 per viss.

Chilli pepper
The wholesale prices of chilli peppers were K9,000-10,000 per viss for long chilli pepper and Moehtaung variety. The prices of bell peppers from the Sinphyukyun area were K14,500-15,000 per viss.

Rice
The new low-grade rice was valued at K53,000-6,1000 per bag depending on varieties (Aemahta and rice grown under intercropping system). The new Pawsan rice prices peaked at K74,000-87,000 per bag depending on the producing areas (Pyapon, Myaungmya and Shwebo).
The old Pawsan rice prices rocketed to K79,000-107,000 per bag depending on the producing areas.

Palm oil
The wholesale reference price of palm oil in the Yangon Region for three consecutive weeks from 13 to 19 February has been set at K4,490. The FOB price of palm oil dropped to US$955 per tonne on 14 February. However, the wholesale market price rallied to K6,550-7,000 per viss despite the inflow of imported edible oil between 8 and 14 February.

Pulses
The prices of various pulses were spiked at over K1,885,000 per tonne of black gram (Fair Average Quality/RC), K2,120,000 per tonne of black gram (Special Quality/RC), K2,132,500 per tonne of pigeon pea (red gram) RC, K4,100 -4,400 per viss of chickpea in Yangon markets.

Source: The Global New Light of Myanmar

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Kyinsankyawt border sees abolition of driver-substitution system

Driver-substitution system has been put an end at Kyinsankyawt checkpoint of Muse trade zone for Sino-Myanmar trade from 18 February 2023, said Sai Khin Maung of Khwarnyo Fruit Trading Centre.
Consequently, drivers are allowed to directly pass the border point with their own trucks, by holding a valid border pass. “Myanmar’s truck drivers were given the go-ahead to pass Kyinsankyawt road part from 18 February 2023. They must hold blue border pass documents. That being so, there is no longer short-haul driver service on China’s side,” Sai Khin Maung continued.

Earlier, China banned Myanmar trucks and drivers to enter its side owing to the COVID-19 protocols and only Chinese short-haul drivers have been allowed to transport the goods. Thereafter, Myanmar trucks have been given green light for border-crossing through the Kyinsankyawt-Wang Ding trade channel under the driver-substitution system starting from 16 May 2022. There was no responsibility and accountability if goods were damaged under the driver-substitution system. Therefore, Myanmar exporters choose short-haul driver services and bear high freight costs.

China shut down all the checkpoints linking to the Muse border amidst the COVID-19 pandemic. Of the checkpoints, Kyinsankyawt has resumed trading activity from 26 November 2021. Trade activity at the Muse-Mang Wein border, which performed the majority of trade between Myanmar and China, resumed on 14 January 2023. However, only six-wheel trucks driven by Myanmar drivers are allowed to pass the Mang Wein crossing. Other trucks and travellers are still not entitled to enter the border.

Additionally, other goods except for agricultural products (watermelon, muskmelon), minerals and fisheries products are allowed to be sent to China through that border. Meanwhile, China gives the go-ahead to the imports of construction goods, electrical appliances, medical devices, industrial equipment, consumer goods, household goods and food products only through that border. Myanmar has opened five border trade posts with China – Muse, Lweje, Kampaiti, Chinshwehaw and Kengtung. The majority of the trade is carried out through Muse post, Ministry of Commerce’s data indicated. 

Source: The Global New Light of Myanmar

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MIC to prioritize electric vehicles and related business sector

Myanmar Investment Commission (MIC) released a notification dated 15 February that it will give priority to electric vehicles (EVs) and related business sectors. In the exercise of the power conferred by Sections 43 and 100 (B) of the Myanmar Investment Law, the MIC issued this statement with the approval of the Union government. Enterprises executing installation, manufacturing and restoration services of the EVs, renewable electricity generation, EVs charging service businesses, electric vehicle battery production, EV battery and related service business, electric bus operation services, electric taxi and transportation service businesses and scientific research development business are included in those priority sectors.

During the establishment and ideation phase for incorporation and operations, those businesses can seek a permit from the MIC to enjoy tariff relief or zero-customs tariff status and the exemption for other taxes levied in the country under Section (A) of the Myanmar Investment Law and income tax exemption under Section 75 (C) of the Myanmar Investment Law for the importations of machinery, essential equipment and accessories, spare parts and construction raw materials that cannot be found in domestic markets.

Electric vehicles (EVs) are entitled to zero-Customs tariff status, according to the notification released in early November 2022 by the Ministry of Planning and Finance. To encourage the number of EV users and improve the related business, the tariff of battery electric vehicles (BEVs) imported under Completely Built Up (CBU), Completely Knocked Down (CKD) and Semi-Knocked Down (SKD) in the Customs Tariff of Myanmar 2022 were reduced to zero per cent keeping in line with the decision of the Union government.

Types of BEVs include road tractors for semi-trailers, buses or motor vans for the transport of ten or more people including the driver, truck, motor vehicle for personal use, three-wheeled vehicles for the transport of persons, three-wheeled vehicles for the transport of goods, electric motorcycles, electric bicycles, ambulances, prison vans and hearses. According to this directive, the imports of spare parts (for instance, charging station equipment and device) with the recommendation of the Ministry of Electricity and Energy and the spare parts with the recommendation of the Department of Industry can be done between 2 November 2022 and 31 March 2023. 

Source: The Global New Light of Myanmar

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Myanmar imports 60,000 tonnes of fertilizer worth $31.075 mln in Jan

Myanmar imported about 60,000 tonnes of fertilizer worth US$31.075 million in January 2023, according to the Ministry of Commerce. Myanmar imported over 40,000 tonnes from China, over 7,800 from Thailand, about 5,000 from the UAE, over 2,500 from the Republic of Korea, over 600 from the US, over 500 from Uzbekistan, over 400 from Viet Nam, about 400 tonnes from Japan, over 300 from Laos, 80 from Malaysia, over 10 each from India and Indonesia respectively by sea.

The export volume was down by over 43,000 tonnes compared to that recorded in December 2022. Meanwhile, the country imported over 8,600 tonnes of fertilizer worth $3.02 million through a cross-border channel last month, with about 4,500 tonnes from China, over 620 from Thailand and over 3,000 from India.

The prices of fertilizer moved in the range between K72,000-162,500 per 50-kilogramme bag depending on the brand (Myanma Awba, Thai Grow How, Pale, MPE and Thai Myinpyan) and types of fertilizer in the last week of January 2023. The prices remained unchanged in early February. Additionally, the prices of Malarmyaing brand Cypermethrin 10 per cent insecticide 100 cc and 500 cc were K3,100 and K13,800 per bottle.

Source: The Global New Light of Myanmar

Solar power system to be used in EV charging stations

Union Minister for Electric Power U Thaung Han mentioned that solar energy will be used in the newly built electric vehicle (EV) charging stations. It is reported that charging stations for electric vehicles will be built and the power required for the stations will be mainly used from solar energy. The Union minister said that the power that will be released in the current period will be connected to the National Grid and transmitted according to the Standard Operation Procedure (SOP) established by MOEE.

EV chargers 60 kW (10 sets) and 200 kW (two sets) to be used in BEV charging stations under implementation by the Steering Committee on National-level Development of Electric Vehicles and Related Industries, arrived in February. EV chargers will be installed at the No 3 Tollgate of the Yangon-Mandalay Expressway, Pyu bus station, Nay Pyi Taw junction bus station, and the Thabyaygon Market in Zabuthiri Township of Nay Pyi Taw.

Permission was granted to place seven EV charging stations each on the Yangon-Mandalay Expressway and in Nay Pyi Taw. Fifty-one chargers will be installed in 38 EV charging stations, it is learnt. Forty BYD E2 model electric vehicles have been imported into the country to date. The test run will be carried out with 20 EV cabs at the Yangon International Airport and the Nay Pyi Taw Thabyaygon Market.

Source: The Global New Light of Myanmar

Domestic fuel oil price remains on upward trend

The domestic fuel market sees a small change in prices yet it stays on an upward trajectory. This month, the market sees a price swing every day. On 17 February, the prices touched a high of K2,185 per litre of Octane 92, K2,260 for Octane 95, K2,240 for diesel and K2,320 for premium diesel. The domestic fuel prices are set depending on the price index set by Mean of Platts Singapore (MOPS), the pricing basis for many refined products in southeast Asia, according to the Supervisory Committee on Oil Import, Storage and Distribution of Fuel Oil.

Last August 2022, the oil prices peaked at K2,605 per litre for Octane 92, K2,670 for Octane 95, K3,330 for premium diesel and K3,245 for diesel. The committee is therefore governing the fuel oil storage and distribution sector effectively not to have a shortage of oil in the domestic market and to ensure price stability for energy consumers. The Petroleum Products Supervision and Inspection Department, under the guidance of the committee, is issuing the daily reference rate for oil to offer a reasonable price to energy consumers.

The reference rate in Yangon Region is set on the MOPS’s price assessment, shipping cost, premium insurance, tax, other general cost and health profit per cent. The rates for regions and states other than Yangon are evaluated after adding the transportation cost and the retail reference rates daily covered on the state-run newspapers and are posted on the media and official website and Facebook page of the department daily starting from 4 May. As per the statement, 90 per cent of fuel oil in Myanmar is imported, while the remaining 10 per cent is produced locally. The domestic fuel price is highly correlated with international prices.

The State is steering the market to mitigate the loss between the importers, sellers and energy consumers. Consequently, the government is trying to distribute the oil at a reasonable price compared to those of regional countries. Some countries levied higher tax rates and hiked oil prices than Myanmar. However, Malaysia’s oil sector receives government subsidies and the prices are about 60 per cent cheaper than that of Myanmar. Every country lays down different patterns of policy to fix the oil prices. Myanmar also poses only a lower tax rate on fuel oil and strives for energy consumers to buy the oil at a cheaper rate. 

Source: The Global New Light of Myanmar