Business

Stock exchange not ready for open market

Htay Chun, a member of the Myanmar Securities Exchange Supervisory Commission said the country is not in a position to establish an over-the-counter market for public companies which are not included on the Yangon Stock Exchange (YSX).

Inflation reaches 6.93%; highest in Rakhine, Kayah and Chin states

According to the Central Statistic Organisation (CSO), the inflation rate of Myanmar in February 2017 was 6.93 percent with highest figures being recorded in Rakhine, Kayah and Chin states.

With a base year of 2012, the inflation rate for 2017 6.93 percent untll February, and 6.97 percent until January. Year on year inflation for 2016 February and 2017 February is 7.99 percent.

The highest inflation rates in the aforementioned states was: 13.80 in Rakhine State, 9.99 in Kayah State and 9.34 percent in Chin State.

Finance bosses promise rosy future

Government financial chiefs, including the director general of the Myanmar Investment Commission (MIC) and secretary of the Directorate of Investment and Company Administration (DICA) Aung Naing Oo, have told foreign businesses that now is the time to invest in the country.

At an event at the Novotel Yangon on March 18, Finance and Planning Minister Kyaw Win said the country was on the right track to secure a stronger future for both domestic and foreign businesses.

4m containers expected by 2025

Yangon’s ports are expected to receive more than two million containers by 2020, according to the 

Trade with China exceeds $7bn

From April

Money-laundering probes stepped up: govt

The Special Investigation De

Kyat stable: vice president

The foreign exchange rate is stable as the government has been 

Yangon unveils hot-season power plan

Yangon Region's government has plans to prevent power blackouts during the hot season by generating an extra 100 megawatts, said Myint Thaung, Yangon minister for planning and finance.

Electricity reforms in urgent need to expand access

AS THE GOVERNMENT subsidy in the electricity sector amounted to Ks470 billion (Bt12.2 billion) last year, Myanmar plans to draw an effective action plan to undertake electricity reforms urgently.

In a bid to seek advice from different stakeholders, the Stakeholders’ Forum on Electricity and Energy was held at the office of Union of Myanmar Federation of Chamber of Commerce and Industry last week. 

US firm to help boost shrimp production

 

THOUGH MYANMAR’S shrimp export is much less than that of Vietnam and Thailand in terms of tonnage and value, the nation is set to leapfrog its production with American experts’ technical assistance, said Kyaw Tun Myint, president of the Myanmar Shrimp Association.