Business

Export value expected to hit over K20,000 bn in 2018-2019 FY

Myanmar expects to export goods worth over K20,000 billion and import goods worth over K21,000 billion in 2018-2019 fiscal year, according to a national pl

Prices for bran and broke rice hit record high

 

Prices for bran and broken rice used for the production of animal feed have reached a record high, according to the information at the regular meeting held at Myanmar Fishery Federation on July 24.

Dr Thet Hmu, chair of Myanmar Fish and Prawn Feed Manufacturers Association said: “Bran is mainly used as raw material for the production of animal feed. In the last week of July, price for bran hit a record high during five years. Bran price is similar to price for broken rice. Now there are poor road transportation and climate changes.

GDP growth rate expected to hit 7.6 pc

 

According to the National Planning Budget for 2018-2019 FY, the Gross Domestic Product (GDP) growth rate calculated on normal prices is expected to hit 7.6 per cent.

The normal prices are prices for goods and services in the 2015-2016 FY.

In 2010 and 2015, Myanmar’s annual average GDP growth rate stood at 7.3 per cent only, according to the World Bank’s “Myanmar’s Future Jobs: Embracing Modernity”.

Systematic housing market to create opportunities for investors: Yangon Chief Minister

Despite reports that apartment sales are stale, a market is being formed in which hundreds of thousands of people are in need of housing, and systematic ho

Foreigners can buy shares at YSX in August

 

From August, foreigners can start buying shares at Yangon Stock Exchange (YSX), said Aung Naing Oo, Director-General of Directorate of Investment and Company Administration (DICA) at an event to clarify the Myanmar Companies Law 2017 and company procedures, at Union of Myanmar Federation of Chambers of Commerce and Industry on July 23.

June sees CPI increase

 

Consumer Price Index (CPI) in June reached 140.13 per cent, up 6.45 per cent compared with the same period last year, according to the report on the CPI and inflation rate issued by the Central Statistical Organization (CSO) under the Ministry of Planning and Finance.

According to the calculation using 2012 as a base year, the CPI hit 132.42 per cent in May, 2017, 139.51 per cent in late February, 139.11 per cent in late March, and 139.82 per cent in late April.

FDI inflow declines in three months

 

From April to June this year, the total foreign investments in local manufacturing sector reached US$ 275.663 million, down US$ 361.708 million compared with the same period last year.  

Projects being drawn to establish agri-zones in Mandalay, Nay Pyi Taw

Projects are being drawn to establish agricultural zones in Mandalay and Nay Pyi Taw in order to manufacture agro-based products and finished goods, accordi

Spectrum conference finds ways for 5G business success

POLICY MAKERS and industry players from Asia-Pacific countries have been gathering in Bangkok to discuss ways to maximise the benefits in store with a transition to fifth generation (5G) mobile communications technology.

At the fourth annual Asia Pacific Spectrum Management Conference held on July 17-19, Du Yeqing, vice-president of the 5G product line at Huawei Technologies Co, said continuous large bandwidth (100 MHz per operator) would improve both investment efficiency and user experience by 10 times and promote mobile broadband to new heights. 

Myanmar remains upbeat on Thai investment inflows