WFP Myanmar Market Price Update (January 2022)
Month-on-month prices of key commodities are largely stable, but remain elevated compared to the same time last year as insecurity continues to disrupt transportation (via high fuel costs and transport fees, restrictions, blocked access). Read More
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Business in Myanmar: should they stay or should they go?
Vicky Bowman, Director of the Myanmar Center for Responsible Business features in our Q&A about the future of business and human rights in Myanmar. Read More
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Myanmar junta says 'easy to substitute' Japan's Kirin after exit
Myanmar's Junta on Tuesday dismissed Japanese drinks giant Kirin's decision to exit the country following a coup last year, saying it would be "easy to substitute". Read More
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Burma's factory owners 'barely surviving' in face of power cuts, fuel price rise
As electricity shortages become ever more frequent and fuel prices soar, factory owners in Burma say their businesses are struggling to survive from one day to the next. Read More
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Yangon residents queue for water as power blackouts bite
Clutching pails, tubs and buckets, residents of Myanmar's bustling commercial capital Yangon queue for water, as rolling power outages aggravate the economic misery sparked by last year's military coup. Read More
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Global & Myanmar Business News
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Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market
Before its forces invaded Ukraine, Russia provided one out of every 10 barrels of oil the world consumed. Read More
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Soaring bunker prices could hasten 'return to normal' for liner trades
Low-sulphur bunker prices increased another $100 per ton yesterday and, having soared by a third since the end of February to about $1,000 per ton, are adding millions of dollars to the cost of operating a ULCV on an Asia-North Europe round-trip. Read More
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Reluctance To Buy Russian Crude Could Cause Long-Term Output Problems
Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output. Read More
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Maersk wants to run Patenga container terminal
Global ports and terminal operator APM Terminals, a subsidiary of Danish shipping company AP Moller Maersk, has expressed interest in developing and operating the under-construction Patenga Container Terminal of the Chattogram port. Read More
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Global & Myanmar Logistics News
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2021 Put Logistics Technology On the Map
Globalization has significantly expanded in the past few decades, converting the supply chains and logistics industries into an intricate system, leaning more towards networks designed for efficiency rather than resilience. Read More
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Global VC Investment into Marketplaces in 2021 – Logistics & Delivery
Forbes article Why Logistics Technology Matters from December 1st, 2021 pointed out something that is so relevant and we believe will shape the next few years in the logistics and supply chain industries: “To compete in this new world order, businesses with core logistics must multiply their investments in logistics tech.” Read More
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Top 10 – World’s Largest Container Shipping Companies in January 2022 vs. April 2021
Without a doubt, the past 2 years made the shipping industry one of the most profitable industries. Read More
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Freight Market Update: February 22, 2022
Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of February 22, 2022. Read More
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Amazon and Maersk are setting up a fight for the world’s supply chains
For the past five years, one of the world’s largest shipping lines has been expanding into every other step of the supply chain. Read More
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Another squeeze on Russia: Three shipping companies won't sail there
Two of the world's biggest container shipping companies are halting cargo bookings to and from Russia. Read More
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Norway wealth fund puts India's Adani Ports on watch list for Myanmar project
Norway's $1.3 trillion wealth fund on Monday put India's Adani Ports under observation, for possible exclusion from its investments, for the company's involvement in building a port terminal in military-ruled Myanmar, it said in a statement. Read More
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How invasion of Ukraine could ease shipping logjam off US ports
The traditional wisdom is that geopolitical chaos is good for shipping demand. Trade patterns are disrupted and become less efficient. Read More
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Myanmar exports corn to Thailand under the tax-exemption program
Myanmar started exporting corn to its neighboring country, Thailand, under a tax exemption program through the Myawady border trade post on February 1. Read More
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China allows corn imports from Myanmar - customs
China has allowed corn imports from Myanmar from Feb.18, the General Administration of Customs said on its website, as China seeks to diversify its grain origins, with supplies currently coming largely from the United States and Ukraine. Read More
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Why Supply Chain Transparency is Important
Today’s business environment is getting increasingly intertwined and complicated. Read More
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Global Supply Chains Near Make-or-Break Point for Easing in 2022
Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds abate soon or keep restraining the global economy and prop up inflation well into 2022, according to several new barometers of the strains. Read More
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Is the container supply chain crisis nearing its end-game?
To understand the disruption facing the container shipping markets at present, it’s insufficient to simply focus on the vessels themselves. Read More
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Karzo welcomes the ideas of all our people and is dedicated to supporting their personal and career growth. Read More
In February, Karzo successfully completed a project logistic shipment. Read More
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USD-MMK FX Rate
15/02/2022 - 1,778.0
15/03/2022 - 1,778.0
Source: https://forex.cbm.gov.mm/index.php/fxrate
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Premium Diesel Yangon
15/02/2022 - 1,566 MMK
15/03/2022 - 1,845 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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