Business

Govt official defends controversial tender process for helicopter service in offshore oil fields

An official from the Ministry of Electricity and Energy has said the tender process for providing helicopter transport services in Myanmar's offshore oil fields was carried out in line with the i

Marine export earnings hit nearly $ 200 million in over four months period

 

From April 1 to August 3, Myanmar has earned over US$ 198 million from exports of marine products, up over US$ 20 million compared with the same period last year, according to the Commerce Ministry.

Commerce ministry suspends issuance of re-export licenses for sugar and fuel oil

 

Ministry of Commerce had started suspending the issuance of re-export licenses for sugar and fuel oil after the greenback appreciation on August 17.

Yan Naing Tun, Director-General of Trade Department at the Commerce Ministry said: “The ministry has suspended the issuance of new re-export licenses as there is widespread criticism that the unstable currency exchange rate is linked to the re-export of sugar and diesel. But the licensed re-export process will run as usual.”

State Counsellor to meet economists to discuss sharp upturn in dollar prices

State Counsellor Aung San Suu Kyi is planning to meet professionals and experts from the economic field this month to hold discussion over relatively high dollar prices, said Zaw Htay, spokespers

Tender winner Weststar not yet allowed to operate helicopter service in offshore oil fields

Weststar Company officials held a press conference at Park Royal Hotel in Yangon on August 16, voicing out that despite winning a tender to provide helicopter transport services in offshore oil b

Myanmar Fish Federation and Livestock Breeding Federation to hold seminar on fish and prawn feed

Myanmar Fish Federation and Livestock Breeding Federation will hold a joint seminar on fish and prawn feed as the price of feed is increasing remarkably these days, according to Dr. Thet Hmu, chair of the Myanmar Fish and Prawn Feed Manufacturers Association.

The seminar will be held at Lotte Hotel in Yangon on August 25th and State Counsellor, Minister for Commerce and Department of Immigration have been invited.

Myanmar earns US$1.087 B from natural gas export

Myanmar earned US$1.087 billion from natural gas

Myanmar earns US$1.4 M from CMP export

 

MIC permits 69 investments in a 4 months period

Myanmar Investment Commission (MIC) has permitted more than 69 investments within 4 months period with a total worth of Ks.870 billion according to the new brief held on August 14 by the MIC.

“From April to August 2018, within a 4 months period, MIC has permitted a total of 69 investments worth Ks.840.718 billion including US $ 169.880. IN addition, MIC has allowed Ks.870.759 billion including added investment and investment of US $ 171.028,” said Aung Naing Oo, secretary of MIC.

Myawaddy Border trade on decline due to fierce heavy rains

As the heavy rain pours rampant in the region, Jaing (Kawkareik) Pontoon bridge in Myawaddy was flooded and completely inaccessible for 20 days. As a result, trade amount compare with previous year amount has declined to US $ 4.861 million according to the data released by Ministry of Commerce.