Submitted by Eleven on Wed, 03/22/2017 - 08:12
Business owners have enjoyed profits from affordable electricity while rural residents have to rely on expensive private power supplies, said Dr Htun Naing, deputy minister for electricity and energy, who has called for funding for another generator.
He said: “We acquire electricity from private hydropower stations for around Ks68 (US$0.05) per unit and from gas-fuelled power plants for Ks158. Then we sell electricity back to citizens at Ks35 a unit and to industrialists at Ks75. So the government’s electricity distribution is facing a loss.”
Submitted by Eleven on Tue, 03/21/2017 - 23:54
MYANMAR will have received nearly US$7 billion in foreign direct investment (FDI) when its current fiscal year ends on March 31, surpassing its target of $6 billion, said Aung Naing Oo, secretary of the Myanmar Investment Commission (MIC) and director-general of the Directorate of Investment and Company Administration.
Submitted by Eleven on Tue, 03/21/2017 - 23:50
GIVEN that iflix has received more than 11,000 subscriptions within one week after its launch in Myanmar, the Kuala Lumpur-based streaming service provider is confident that it will be successful in the market as a pioneer, said Adeana Greenlee, iflix’s country manger for Myanmar.
Greenlee said in an exclusive interview that Myanmar’s leap in the telecommunications sector would fuel the firm’s growth in the nation.
Submitted by Eleven on Tue, 03/21/2017 - 14:45
The privatization of state-owned factories and workshops - except those which are strategically important - will occur over the next three to six months, according to the Planning and Finance Minister Kyaw Win.
Submitted by Eleven on Tue, 03/21/2017 - 14:10
An amendment to the Myanmar Companies Law is under way, and is currently in the hands of the Bill Committee, and will be discussion at the coming parliament, said Aung Naing Oo, secretary of Myanmar Investment Commission.
Submitted by Eleven on Tue, 03/21/2017 - 14:08
Yangon Mayor Maung Maung Soe said the number of business licenses issued by Yangon City Development Committee has reached over 43,000, at the Yangon region parliament yesterday.
Submitted by Eleven on Tue, 03/21/2017 - 13:54
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).
Submitted by thmon on Tue, 03/21/2017 - 09:53
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.
Submitted by Eleven on Sat, 03/18/2017 - 19:40
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.
Submitted by Eleven on Sat, 03/18/2017 - 15:08
Yangon’s ports are expected to receive more than two million containers by 2020, according to the