Free Knowledge... From People... To People
Search by Date Myanmar Version Mobile Version
 Business NEWS
Updated on October 16, 2018 From Myanmar Business Today

Motorbike Sales Rise Due to Stronger Kyat Rate Against Chinese Yuan

Due to the stronger Myanmar Kyat rate against the Chinese Yuan, the motorbike market in the city Lashio in Northern Shan State has become more active.
        Motorbikes are imported into the country from the Chinese city of Kyel Gaung, then the Road Transport Administration Department issues license for the imported motorbikes every Wednesday.
        “Last month, the market went flat. Now the Yuan rate against the Myanmar Kyat has eased and the market has regained momentum,” Ko Phat, a motorbike dealer in Lashio, said.
        Due to the stronger Yuan Rate against the Myanmar Kyat in September this year, motorbike prices went up which slowed down the market.
        “Now, the Yuan rate has eased, so motorbike prices have evened out though not significantly. The price just dropped by approximately K4,000-5,000 per day,” U Win Zaw, another motorbike dealer in Lashio, said.
        Lower Yuan Rate brings down motorbike prices by around K20,000 for lower tier bikes with a price of K300,000-400,000 and by 30,000 for higher end bikes with a price of K600,000 and above.
        The Yuan Rate against Myanmar Kyat is K230 per Yuan in September and dropped to K 217 per Yuan in October.

View Count : 227 | Posted by www.free4reader.com
 

~ Latest News ~

Mineral Development Bank to provide loans to gems, mineral SMEs
Gems, jade stones put up for auction in Nay Pyi Taw
Jade traders call for WeChat ban
Ministry of Commerce Eyeing Mango Exports to the EU
Businesses positive over growth prospects
Rise in dollar rate, but drug prices remain low: MPMEEA chair
FATF to review Myanmar over money laundering concerns
Shwe Bite set to delight office workers with home-cooked food
Yangon hustle: the shadowy trade in gold and dollars
Masked man robs an online store in Yangon
Myanmar business organization calls on EU to deliberate on trade sanctions
AGD Bank Now Accepting EMVbased UnionPay Chip Card Transactions
Shwe Property’s Third Real Estate Expo Generated $28 Million USD
MRBEA to Implement Integrated Bamboo Industrial Zone
New Myanmar auto import policy announced
Myanmar-Singapore joint venture increases capital in aviation fuel import
Pigeon pea plantation acreage remarkably drops from uncertainty of India’s market
Rising demand for home loans could stabilise property market
Myanmar welcomes more investment from Hong Kong
Yoma Bank and MC Easy Microfinance sign two MMK 4 Billion Agreements
Counting on coffee for a strong boost in growth
Condos Yet to be Sold to Foreigners Despite New Law
Manufacturing sector attracts 60 foreign enterprises in past mini-budget period
Petroleum Traders Suggest Tax Changes to Bring Down Fuel Costs
Myanmar Outlines Challenges and Opportunities to Oxford Business Group
Suzuki launches new Swift, targets younger buyers
Rice export to China decreases due to wetness, arrests
Gold price rises above Ks1 million per tical in recent days
Singapore agency predicts a positive forecast for Myanmar economy
Myanmar Opens Five Pearl Farms for Tourists
Huawei unveils full-stack AI strategy, releases AI chips
Govt. calls for parking zone tenders
Myanmar earns US$630,000 from Maungdaw border trade export in Sept
Myanmar’s fruit exporters face difficulties with China’s quality inspections
Cotton price hits high of Ks1,750 per viss
ADB publishes estimated GDP figures for 2018/19
Consortium set to build 12 story high-rise in Yangon
Border trade between Myanmar and India reaches USD 87 million
China agrees to continue Kyaukpyu project based on results
Illegal aliens from Sagaing watermelon and muskmelon farms deported
More News