Central Bank allows Yuan and Yen for exchange
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. Read More
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India-Myanmar road project nearing completion: Mizoram Governor
Mizoram Governor Hari Babu Kambhampati has said construction of the 87-km stretch of a cross border road between the state’s Lawngtlai town and neighbouring Myanmar’s Sittwe port is nearing completion. Read More
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Telenor sale of Myanmar unit stalls as junta seeks local buyer participation -sources
Plans by Norway's Telenor to withdraw from Myanmar by selling its telecom operations there to a Lebanese firm have stalled after the junta indicated it favoured at least part-ownership by a local company, according to people familiar with the matter. Read More
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Myanmar ships over 112,000 tonnes of various pulses as of 29 Oct
Myanmar conveyed US$96 million worth of 112,367.68 tonnes of various pulses to foreign trade partners as of 29 October in the current mini-budget period (October 2021-March 2022), according to statistics released by the Ministry of Commerce. Read More
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RCEP to take effect on Jan 1 in boost for regional cooperation, China’s trade profile
In a statement on Wednesday night, the MOFCOM said that the ASEAN Secretary-General has announced that six ASEAN member countries, China, Japan, New Zealand and Australia have deposited the instrument of ratification, and the number has reached the threshold for implementation. Read More
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Myanmar Manufacturing PMI Improves To 43.3 In October – Markit
The manufacturing sector in Myanmar continued to contract in October, albeit at a slower rate, the latest survey from Markit Economics revealed on Monday with a manufacturing PMI score of 43.3. Read More
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India's Adani Ports scraps Myanmar container terminal plans
India's Adani Ports (APSE.NS) said on Wednesday it was abandoning plans to build a container terminal in Myanmar, weeks after applying for a U.S. licence for the project, saying it believed it did not violate sanctions. Read More
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Global & Myanmar Business News
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Five Windows of Opportunity for Post-Pandemic Asia
Across Asia the COVID-19 pandemic not only triggered the most challenging global health crisis and economic downturn for a generation but also accelerated and gave new force to preexisting trends, notably, digitization. Read More
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Fossil fuel lobbyists outnumber every single country’s delegation at COP26
If the fossil fuel lobby were a country, it would have the biggest delegation at this year’s United Nations climate change conference, COP26, Global Witness, and three other organizations conclude in a report released Monday. Read More
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Global & Myanmar Logistics News
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First freight shipment to arrive on ‘Brexit buster’ route from Africa to the UK
A shipment of 100 loads of organic seasonal fruit and vegetables is shortly scheduled northbound. Read More
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More than 600 ships are waiting to enter ports—and crews are getting very, very bored
With many of the world’s 400,000 merchant mariners still struggling to take time off and go home, seafarer fatigue remains a problem heading into the second holiday season of the pandemic. Read More
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A.P. Moller - Maersk strengthens global Air Freight offering
Air freight is a crucial enabler of flexibility and agility in global supply chains as it allows companies to tackle time-critical supply chain challenges and provides transport mode options for high value cargo. Read More
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'Containergeddon': Supply crisis drives Walmart and rivals to hire their own ships
The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Read More
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IKEA warns supply chain disruptions likely to last into 2022
IKEA, the world's biggest furniture brand, is leasing more ships, buying containers and re-routing goods between warehouses as it works hard to mitigate a "perfect storm" of global supply chain disruptions which could last into next year, executives said. Read More
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Supermarkets Play Supply-Chain ‘Whack-a-Mole’ to Keep Products on Shelves
Supermarket chains are revamping their operations to navigate persistent product shortages, expanding storage space and curbing discounts to make sure they don’t run out. Read More
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Karzo offers a one stop shop, pick up and drop off service across Myanmar to and from all Yangon Ports including Thilawa SEZ. Read More
Karzo operates trucking and logistics across the whole of Myanmar. From Yangon to Bago, Ayerwaddy, Sagaing, Tanintharyi, Kayin, Mandalay, Naypyitaw, Mon, Rakhine, Chin, Magway, Kayah, Kachin, and Shan States. Read More
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USD-MMK FX Rate
15/10/2021 - 1830.4
15/11/2021 - 1769.4
Source: https://forex.cbm.gov.mm/index.php/fxrate
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Premium Diesel Yangon
15/10/2021 - 1485 MMK
15/11/2021 - 1325 MMK
Source: https://maxenergy.com.mm/#pricelist
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Karzo manages the largest truck fleet in Myanmar providing goods transportation, logistics, cross-border imports and exports, and warehousing for corporate businesses moving cargo anywhere in the country.
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