Yangon licence to be issued to only EVs imported for surrendering old cars with Yangon licence

The Road Transportation Administration Department has announced that it will issue Yangon licences to electric vehicles (EVs) imported for surrendering old cars with Yangon licences.

RTAD will register EVs under the existing laws, regulations, orders and directives. Some of the first-batch EV cars are used as taxis in Yangon Region and Nay Pyi Taw. As a pilot project, some domestic vehicle-importing companies are allowed to import 3,000 EVs without having to pay duties and taxes.

The construction of EV charging stations is underway in Yangon, Nay Pyi Taw, Mandalay and along the Yangon-Mandalay Expressway, and is slated to be completed by the end of March.

Source: The Global New Light of Myanmar


Myanmar carries out trade worth $32.549 mln via Tachilek, Kawthoung borders in Feb

Myanmar’s cross-border trade with neighbouring Thailand through Tachilek and Kawthoung points was estimated at US$32.549 million, the Ministry of Commerce’s statistics indicated. Last month, the trade value through the Tachilek border totalled $12.573 million, including exports worth $6.268 million and imports valued at $6.305 million.

Tachilek border achieved 83.82 per cent of the trade target. The figures showed a decrease of $1.282 million in exports and an increase of $0.653 million compared to those registered in the corresponding period last year.

The border trade through the Kawthoung checkpoint amounted to $19.976 million in February, with exports worth $17.537 million and imports worth $2.439 million. The trade value was down by $9.003 million from the year-ago period. Myanmar saw a rise of $5.785 million in the Tachilek border last month from January, whereas the border trade was up by $1.566 million from January. 

Source: The Global New Light of Myanmar

Weekly market update of dry groceries at Bayintnaung Wholesale Centre

During the week ending 14 March 2023, the prices of Kyukok garlic, black gram, pigeon pea and chickpea went up, whereas the prices of sugar and palm oil declined in the Bayintnaung Wholesale Centre.
Yangon’s commodity trading hub saw the entry of 2,364,000 visses of onions in 14 days this month, with an average supply of 210,000 visses per day. The prices moved in the range of K1,050 and K1,850 per viss depending on the quality, size and producing areas (Seikphyu and Myittha) on 14 March.
On 14 March, the prices stayed at K3,200-4,000 per viss depending on varieties and qualities, whereas Kyukok garlic fetched K4,300 per viss.
The wholesale prices of local potatoes moved in the range between K1,300 and 1,900 per viss depending on producing areas.
Chilli pepper
The wholesale prices of chilli peppers were K11,000-12,500 per viss for long chilli pepper and Moehtaung variety. The prices of bell peppers from the Sinphyukyun area and delta regions were K14,500-16,000 per viss respectively.
The prices stood at K52,000-53,000 per bag for summer rice grown under the intercropping system, K57,000 for low-grade short-matured summer rice (90 days), K49,000-50,000 per bag of low-grade Ngasein rice variety, K68,000 for Pawsan rice from Bogale, K71,000 from Pyapon, K73,000 from Myaungmya, K85,000 for Pawsan rice from Shwebo area respectively.
Palm oil
The wholesale reference price of palm oil in the Yangon Region showed a small increase of K35 this week. The reference price for a week from 13 and 19 March is set at K4,635. Palm oil is priced at US$1,053 per tonne in the global market. However, the wholesale market price dropped to K6,500 on 14 March from K6,900 per viss on 9 March.

Source: The Global New Light of Myanmar