Business

Thailand to fund Dawei SEZ road

The Thai military government says it will lend 4.5 billion baht (Ks185 billion) to Myanma

‘Chemical-free’ sesame shipped to Japan

 

Yangon Stock Exchange Expo 2017 to be held next month

 

Yangon Stock Exchange Expo 2017 will be held at Park Royal Hotel in Yangon on September 10 with the aim of developing Myanmar's capital market and attracting more businesses to invest in the stock market,

the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) says.

Tourism up by 22 per cent

 

The number of tourists to enter Myanmar in the past seven months has surpassed figures from the period last year by 22 per cent, according to the Ministry of Hotels and Tourism.

Minister Ohn Maung announced the information at a tourism development workshop.

“We have welcomed over two million visitors since January. We’re doing everything we can to improve visa applications and travelling,” he said.

State Counsellor meets chairmen of private banks

 

YANGON—State Counsellor Daw Aung San Suu Kyi met with the chairmen of private banks yesterday at her office in Nay Pyi Taw, according to the State Counsellor’s Office.

The attendees discussed banking processes, development and business affairs.

The state counsellor explained the process of securing aid from the government.

Rakhine to get country's second offshore oil-supply base

The country's second offshore base for the supply of oil and gas will be implemented on Maday Island in Rakhine State, with private investment worth 130.8 trillion kyats, according to the Myanmar Investment Commission (MIC).

Myanmar Chemical & Machinery Co Ltd has been given the green light to invest in the project, which is to be undertaken on 146.70 acres.

32 companies start commercial operations in Thilawa SEZ

A total of 87 companies from 17 countries have invested in the Thilawa Special Economic Zone Project. Thirty-two companies have begun commercial operations there, according to a press statement issued by the President’s Office.

While Zone A of the SEZ has already attracted investments, Zone B remains under construction.

US companies monitor Myanmar reforms

There has been an enormous increase in the number of US companies keeping an eye on political and economic reforms taking place in Myanmar, said George Sibley, the deputy chief of mission of the US embassy in Myanmar.

Sibley spoke alongside the embassy’s economic unit chief Alyce Abdall at an event at the UMFCCI headquarters in Yangon on August 10. The two officials discussed the Myanmar government’s cooperation with the private sector to maximise economic development and exchanged views on ways to promote economic relations with the US.

Partners find more gas off Myanmar

 

A CONSORTIUM comprising Total E & P, Woodside Energy and Mynamar-owned MPRL E&P has announced its third discovery of gas in the country’s Rakhine basin.

Moe Myint, chief executive officer of MPRL E&P, said that the Pyi Thit-1 well in offshore Block A-6 had tested the gas-bearing sand, indicating a discovery that could yield an estimated 50 million standard cubic feet of gas per day.

Myanmar approves $3.7 bn foreign investment in four months