Submitted by ttwin on Sun, 01/07/2018 - 17:03
People pre-approved for purchasing low-cost housing can apply starting January 8 for apartments in two projects – the Shwelinban low-cost housing project in Hlaingthaya Township and the Kanaung low-cost housing project in Dagon Seikkan Township, said the Department of Urban and Housing Development.
Submitted by ttwin on Sun, 01/07/2018 - 16:50
Three committee will be formed in order to deal with the swindling of over 5 billion kyat from merchants in the rice market, said the chair of Myanmar Rice Federation, Aung Than Oo, at a January 6 press conference held at Bayintnaung Rice Wholesale Centre in Yangon.
More than 60 rice merchants have lodged complaints with the MRF, accusing Aung Swe Oo, owner of the ASO Co Ltd, of stealing over 5 billion kyat from rice merchants.
He is still at large.
Submitted by Eleven on Sat, 01/06/2018 - 18:32
Trade volume at six border trade camps including the Myawaddy one has dropped to about US$80 million (108.4 billion kyat), according to figures from the Trade Department.
From April 1 to December 22 of this fiscal year, the trade volume of all border trade camps reached above US$5.6 billion, up over US$170 million compared with the same period last year.
Submitted by Eleven on Sat, 01/06/2018 - 18:24
Paddy husk-burning power plants will be built in Ayeyawaddy, Bago, Sagaing and Yangon where ample supplies of paddy husks are easily available, according to the Myanmar Agribusiness Public Corporation.
Traditional burning of paddy husks is a source of pollution, but using them to generate power could reduce demand on the national power grids, said Chit Khaing, chair of MAPCO at the recent opening of a husk-fired power plant in Pyinmana Township.
Submitted by Eleven on Fri, 01/05/2018 - 22:44
Myanmar’s entrepreneurs have made the largest investment in housing projects across Myanmar this fiscal year, according to the Department for Investment and Companies Administration (DICA).
“This year, more Myanmar citizens have invested in housing projects,” said Than Aung Kyaw, deputy director-general of DICA.
While October saw no domestic investment in housing projects, November experienced a huge investment infusion from one business at over 1.38 billion kyat.
Investments from April to November this year reached over 3.9 billion kyat.
Submitted by Eleven on Tue, 01/02/2018 - 15:35
Stock trading value at Yangon Stock Exchange (YSX) amounted to over K22 billion last year, down more than 70 per cent compared with 2016, according to figures from the YSX.
From March to December, 2016, the stock trading value reached K70.7 billion.
Submitted by Eleven on Tue, 01/02/2018 - 15:32
In a bid to boost the sown acreage of sugarcane plants, the government needs to put a time-limited ban on the re-export of sugar, said Win Htay, chair of Myanmar Sugar and Sugarcane Product Entrepreneurs Association (Mandalay).
“The country imported million tonnes of sugar after the government gave the nod for re-export of sugar. As a result, farmers and sugar mills were in trouble due to China’s crackdown on contraband,” he said.
Submitted by Eleven on Sun, 12/31/2017 - 17:03
Twenty-four out of 54 money-losing government-owned factories will be operated in joint ventures with private entrepreneurs after the coming session of parliament, Union Minister for Industry Khin Maung Cho said December 30.
Parliament has also decided to mothball money-losing government-owned factories, he told a regular meeting between the vice president (1) and local entrepreneurs.
Submitted by Eleven on Sun, 12/31/2017 - 16:50
The Chinshwehaw border gate between Myanmar and China will be transformed into an international border gate under an agreement between the two foreign affairs ministries, if approved by other ministries and government bodies.
The announcement was made by Union Minister for Labour, Immigration and Population Thein Swe at the 13th meeting between vice president Myint Swe and businesspeople held in Yangon on December 30.