Business

SMEs demand govt help

The Federation of Chambers of Commerce and Industry 

Jade mines need regulating: MPs

Mining businesses are not properly supervised as there is too little regulation of the industry, says the

Japanese joint-venture plans Yangon hotel

Hotel Okura Co Ltd said it would develop the luxury Okura Prestige Hotel

Inflation over 5% last month

 

The Central Statistics Organisation said June's inflation was 5.43 per cent, lower than the 10.6 per cent recorded a year earlier. 

With a base year of 2012, this year's Consumer Price Index is 5.43 per cent until June and 5.96 per cent until May. 

The highest inflation recorded last month was 11.25 per cent in Rakhine State, 8.92 in Kachin State and 7.4 in Shan State. 

Fruit and vegetable exports to be prioritised

The Myanmar 

Two teams formed to streamline investment

The Myanmar Investment Commission has formed

Firms asked to bid for aviation contracts

Minister for Planning and Finance 

MGE’s high value of jades to catch attention of foreign merchants

 

High value of jade lots entrusted to Myanma Gems Emporium will range from Euro 3 million to 8 million, reported Myanma Gems Enterprise.

The 54th Myanma Gems Emporium will be held at Mani Yadana Jade Hall in Nay Pyi Taw from August 2- 11. The MGE will put 6,561 lots of jades and 326 lots of gems up for sale through the tender system.

To attract investments, assessment on economy must submit to MIC

 

To develop Myanmar’s agriculture and to attract investments, assessment on businesses and investment must be carried out with the result submitted to Myanmar Investment Commission (MIC), according to Myanmar Rice Federation.

The tripartite agreement of CITIC Construction Group from China, Myanmar Rice Federation and Myanmar Agribusiness Public Cooperation (MAPCO) was signed on July 21st.

Myanmar aims for trade boost with neighbouring countries with ADB help

As Myanmar aims to increase its exports to major trading partners such as China and Thailand, trade facilitation would be supported by development lenders including Asia Development Bank (ADB), an official said.  

Aung Soe, director general of Myanmar Trade Promotion Department (MyanTrade), said the nation would focus on reducing its trade deficit by increasing exports of rice, beans and pulses, fishery products, wooden products, garments and rubber, and by promoting tourism as a core service sector.