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Myanmar ships nearly 1.8 mln tonnes of corn abroad markets in 9 months

by TRADING

Myanmar conveyed about 1.8 million tonnes of corn to external markets between 1 October and 15 June in nine months, said U Min Khaing, chair of the Myanmar Corn Industrial Association. At present, Myanmar exports corn to Thailand and China via border posts, while the corn is delivered to the Philippines, India and Viet Nam. In the 2021-2022 corn season (October-September), Myanmar targets to export about 2 million tonnes of corn to external markets, said U Min Khaing.

The price is relatively down in domestic markets as Myanmar’s corn price is heavily relying on Thailand. The prices of corn stand at K1,030-1,050 per viss depending on quality. Additionally, corn crops will soon be harvested in Thailand in the coming months. Nevertheless, we cannot say for sure that the price will remain downward or not, U Min Khaing added. Thailand gives green light to corn imports under zero tariff (with Form-D), between 1 February and 31 August.

However, Thailand imposed a maximum tax rate of 73 per cent on corn imports to protect the rights of their growers if the corn is imported during the corn season of Thailand. Therefore, only two months (July and August) are left for corn exports under Form D exemption. Myanmar exported 2.3 million tonnes of corn to foreign trade partners in the 2020-2021 corn season (October-September). Of them, 1.7 million tonnes of corn was sent to Thailand. At present, corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. Myanmar has three corn seasons — winter, summer and monsoon. The country produces 2.5-3 million tonnes of corn every year.

Source: The Global New Light of Myanmar

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Over $ 1,174 million worth of garment products exported

by TRADING

Over US$ 1,174 million worth of garment products were exported in the second quarter of the 2021-2022 FY, according to the Ministry of Planning and Finance. The garment products, ordered from Japan, China, South Korea, and the EU member nations, were made locally through the CMP contract system.

Of 10 countries where locally-made garments were exported, garments worth $ 930 million were exported to Germany, $ 323 million to the UK, $ 294 million to the Spain, $ 266 million to France, $ 158 million to Denmark, $ 157 million to Italy, and $ 145 million to the Netherlands, respectively.

In addition to major exports such as rice, beans, and corns, garment exports under CMP system is the largest. Within the last five years, garment exports have more than quadrupled, and the garment sector was the most developed sector. Myanmar received $ 842.6 million from the garment exports in the second quarter of the 2020-2021. In the second quarter of the 2021-2022 FY, additional $ 332.2 million was made compared to the previous fiscal year, according to the statement of the Ministry of Planning and Finance.

Source: The Global New Light of Myanmar

Starting from July 1, passengers travelling to Bangkok, Thailand with a 14-day visa will no longer need to apply for Thailand pass and insurance

by HOTEL & TOURISM

From July 1, passengers traveling to Bangkok, Thailand with a 14-day visa will no longer need to apply for a Thailand Pass and Covid Medical insurance. At present, passengers traveling from Rangoon to Bangkok, Thailand, must have a valid passport for at least six months. Air ticket, Thailand Pass; Covid Medical insurance; You will need to show your Covid Vaccine Certificat and your hotel or home address.

Among those requirements, travelers with a 14-day visa will be able to enter Thailand without having to apply for a Thailand Pass and Covid Medical insurance from July 1. The state-owned Myanmar National Airlines (MNA) will operate the Yangon-Bangkok daily flight twice a day, Monday and Wednesday, starting June 15. Myanmar National Airlines currently operates daily Yangon-Bangkok flights.

E-Boarding Pass can be obtained by checking online through the mobile application for domestic flights of the state-owned Myanmar National Airlines (MNA). Online check-in is for domestic flights only and can be made 24 hours to 75 minutes before departure. People will need to print and bring the E-Boarding Pass you received after online check-in. Download the mobile application from the App Store and Google Playstore and search for itinerary in the mobile application, buying a plane ticket.

Payment Check your itinerary Travel services such as online check-in and e-Boarding Pass will be available. In addition, overseas trips to Singapore, Hong Kong Bangkok Kuala Lumpur, Chengdu New Delhi It is flying to Kolkata and Manila, and plans to expand international flights. Nok Air at Yangon International Airport; THAI Smile and Air Asia will resume flights, according to information released by Yangon International Airport. Smile Airlines Air Asia will resume flights on June 3 and Nok Air on July 1.

Source: Daily Eleven

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Maritime trade exceeds US$4,300 million in 2022-2023 FY

by TRADING

Until 3 June of the 2022-2023 Financial Year (FY), Myanmar’s seaborne trade reached US$ 4,345.852
million, an increase of $1,088.440 million from the same period last year, according to the Ministry of
Commerce.

Export by sea imports of trade increased from the previous financial year to a total of $3,257.412 million in the last 2021- 2022 financial year. Exports in the current fiscal year Imports and exports amounted to $4,345.852 million.

There are nine ports for seaborne trade in Myanmar, and more than 150 cargo ships have docked in Yangon port alone in the past five months, according to a statement from the Myanma Port Authority. Cross-border trade totalled $1,707.315 million during the 2021-2022 financial year, down from $1,164.925 million as of 3 June of this financial year, down $542 million from the previous year. Maritime trade increased while cross-border trade declined due to the COVID-19 outbreak.

Source: The Global New Light of Myanmar

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Myanmar’s foreign trade soars to $5.5 bln over past two months

by TRADING

MYANMAR’s external trade between 1 April and 3 June of the 2022-2023 Financial Year tremendously rose to US$5.5 billion, reflecting a sharp increase of $546 million as against the year-ago period, according to the Ministry of Commerce. The figures surged from $4.96 billion in the corresponding period last year. Myanmar’s export was worth over $2.65 billion whereas the country’s import was valued at $2.85 billion over the past two months.

The border trade dropped owing to transportation difficulties amid the COVID policy and political changes, with a decrease of $542 million as against the year-ago period. However, the maritime trade registered a significant rise of $1.08 billion during the April-May period. Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, and consumer goods.

The country’s export sector relies more on the agricultural and manufacturing sectors. The Ministry of Commerce is focusing on reducing the trade deficit, export promotion, import substitution and market diversification. The external trade stood at $15.5 billion in the past mini-budget 2021-2022 (October-March) period and $29.58 billion in the 2020-2021FY, as per the Commerce Ministry’s statistics.

Source: The Global New Light of Myanmar

Manufacturing sector only source of FDI in past two months

by MANUFACTURING

Foreign direct investments were pumped into the manufacturing sector only in the past two months (April-May) of the 2022-2023 financial year, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Seven enterprises from China, Hong Kong SAR and Japan put estimated capital of US$13 million into the manufacturing sector in the past two months. The existing enterprises from China (Taipei) also increased $2 million in investments in the manufacturing sector.

The manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to the Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination program for the workers, as per the I HS Markit’s September report.

In a bid to boost factory productivity with a healthy and nutritious workforce in the garment industry, Mobile Medical Check to garment workers took place from 9 to 13 May 2022 in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Myanmar’s manufacturing sector is largely concentrated in garments and textiles produced on the Cutting, Making, and Packing basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million. 

Source: The Global New Light of Myanmar

A strategic roadmap for the revival of Myanmar’s tourism sector (2021-2025) has been drawn up: MoHT Union Minister

by HOTEL & TOURISM

A strategic roadmap for Myanmar tourism recovery (2021-2025) has been drawn up that includes 18 strategies and 93 actions in the post-COVID-19 pandemic, and the current, medium and longterm implementation plans will be implemented according to this policy, said Union Minister for Hotels and Tourism Dr Htay Aung at the 34th Joint Commission for East Asia Pacific and South Asia held by the World Tourism Organization. The Ministry of Hotels and Tourism is working to develop Myanmar’s tourism industry, and since 2011, Myanmar’s tourism industry has grown rapidly.

According to compiled statistics, in 2019, more than 4.36 million tourists arrived. However, due to the COVID-19 pandemic, only 0.9 million passengers arrived in 2020 and only 0.13 million in 2021. The Union Minister said that Myanmar’s tourism industry, like other countries, was affected by the COVID-19 crisis, and is trying to recover as soon as possible. Efforts are being made to turn pandemic challenges into opportunities to become more resilient and revitalize tourism in line with the changing potential of the tourism industry. He added that Myanmar has set policies for the systematic and long-term development of tourism.

Enchanting Myanmar Health and Safety Protocols (HSP) certification for the health and safety of hotels and tourism-related industries to build tourism trust in Myanmar is being provided at the region/state level, national and international levels, and the Barrier Free Tourism Plan 2022-2025 is being drawn up to include all in the tourism industry. Furthermore, tourism awareness activities are being carried out to increase the capacity of those involved in tourism. The Union minister said at the meeting that foreign tourists are allowed to stay in accordance with the rules of COVID-19 as domestic and international flights are being reopened and visa services are resumed currently. The meeting was chaired by the Maldives, vice-chaired by Malaysia and held together with the Maldives Tourism Golden Jubilee ceremony. The meeting was attended by Tourism Ministers from member countries of East Asia and the Pacific and South Asia, senior officials and representatives from partner organizations. In line with this meeting, the World Summit on Community-Based Tourism will be held on 15 and 16 June.

Source: The Global New Light of Myanmar

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Tachilek trade camp earns $2.590m in export in last week of May

by TRADING

The Tachilek trade camp on the Myanmar-Thai border earned $5.476 million in trade exporting $2.590 million worth of products and importing $2.886 million worth of products between 21 and 27 May, according to the data of the Ministry of Commerce.

The figures showed a decrease of $0.296 million in exports and $0.153 million in imports compared to the previous week and the trade volume dropped about $0.143 million. The export volume declines in the coffee bean, rubber, tea leaf, dried ginger and other products and the import volume of finished metal products, construction materials, electricity supplies, oil and gas, iron sheet, tire and inner tube are high.

The country earned more $2.386 million in exports and $1.910 million in imports when compared to the same period of the previous year and the trade volume rose to $4.296 million, according to the Tachilek trade camp. 

Source: The Global New Light of Myanmar

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Export price of Seintalone mango to China plunges

by TRADING

Export prices of the Seintalone mango to China dropped to about 130 yuan per 16-kilogramme basket at maximum and 60 yuan at minimum, said Sai Khin Maung from the Khwanyo fruit wholesale centre. The price of Seintalone mangoes touched a high of 160 yuan per basket at the beginning of the season.
“Those Seintalone mangoes from Yaksawk, Pinphyit, Pindaya, Taungtalone and Taungni Pa-O areas in southern Shan State fetched high price this year. The price hit the maximum of 160 yuan at the beginning of the harvest season. The price went down to the maximum rate of 130 yuan and the minimum of 60-70 yuan per basket,” he said. At present, Seintalone from Katha and Htigyaing areas are increasingly flowing into the market. Yet, transport delays and weak points in handling perishable commodities make some mangoes spoil and rot faster.

This way, the price plummeted, he elaborated. Only a small volume of Shwehintha mango variety is left to be shipped for now. The price is around 100 yuan and below. Additionally, China’s Seintalone mango will enter the market in the last week of June. It is hard for Myanmar mango to acquire market share. Therefore, the traders are advised to observe the market thoroughly before shipment, Sai Khin Maung expressed his opinion. “Market share for Myanmar’s mango will shrink owing to the entry of China’s Seintalone mango at the end of June. Traders have to closely observe the market condition. Quality and weight evaluate the price. If fresh mango meets quality criteria, they will be offered high price in China’s market,” he added.

Mango growers slashed agricultural input costs and caused quality degradation during this mango season. Therefore, some mango had postharvest diseases such as stem-end rot and black spot in the fruit. Consequently, Seintalone mango received a lower price in China due to poor quality, and some traders cannot cover the general cost. Although there are about 200 mango varieties in Myanmar, Seintalone, Shwehintha, Padamyar Ngamauk, Yinkwe and Machitsu varieties are primarily and grown. The foreign market prefers Seintalone varieties. Ayeyawady Region possesses the largest mango plantation acres, having about 46,000 acres. Bago Region is the second-largest producer with 43,000 acres and Mandalay has 29,000 acres of mango. There are over 24,000 acres in Kayin State, over 20,400 acres in Shan State and over 20,000 acres in Sagaing Region, according to the association. 

Source: The Global New Light of Myanmar

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2.2 million students received 1st dose of COVID-19 vaccines

by COVID

A total of 2,225,955 students aged from 5 to 12 years old in basic education schools were vaccinated for the first time from 2 to 10 June upon opening of the schools, according to the Ministry of Health.

As a result, 61.47% of the target group has been vaccinated. The COVID-19 vaccine, given to students between the ages of 5 and 12, is a Sinopham vaccine, the same dose given to adults.

According to the statement, the Ministry of Health will continue to vaccinate school-age children between the ages of 5 and 15 once they have been vaccinated. In Myanmar, approximated population for students aged 5 to 12 is about 3.62 million, and out-of-school children aged 5 to 15 is about one million.

Source: The Global New Light of Myanmar