Business

Paddy husk-powered plant in Nay Pyi Taw to be finished in May

The construction of a paddy husk-fired power plant which is jointly sponsored by Myanmar and Japan in Nay Pyi Taw is expected to be finished in May, according to the Myanmar Agribusiness Public Cooperation (MAPCO).

This power plant is part of a wider MAPCO plan to place greater emphasis on power generation by the use of waste materials.

Telecoms leading employer for 2016

The telecommunication sector hired the most staff last year, according to a survey on the jobs website Work.com.mm.

Since 2014, when the two foreign telecoms firms began operations, increasing numbers have been drawn to the sector.

The distribution and logistics sector came second, followed by construction, trade, manufacturing, computer and technology, and the hotels and tourism sectors, according to the survey.

Customs system in full swing

 The Customs Department yesterday held a ceremony to launch the Myanmar Automated Cargo Clearance System (MACCS) at the Chatrium Hotel in Yangon.

MACCS is a round-the-clock online cargo clearance system for goods at airports and ports, including the Thilawa Special Economic Zone.

MAPCO prepares to sell shares

The Myanmar Agribusiness Public Corporation (MAPCO) says it is preparing to sell its shares at the Yangon Stock Exchange (YSX).

MAPCO plans to sell the shares under the electronic trading system at the YSX.

The Myanmar Securities Exchange Centre will soon open a securities account for it.

MAPCO started restructuring profit-sharing arrangements for its stakeholders and preparation for opening individual securities accounts for them.

The listing criteria for the YSX were announced in August.

Exports increase by $307m

The Ministry of Commerce says export earnings increased by US$307 million until December 23 this fiscal year compared with the previous year.

The ministry said earnings from two of the seven major export categories, mining and industrial exports, saw a drop of US$817 million.

Exports totalled US$7.98 billion, with more than US$1.9 billion from agriculture, US$5 million from livestock, US$378 million from fisheries, US$718 million from mining, US$171 million from forestry goods, US$3.54 billion from industrial products and US$1.2 billion from other sources.

Real estate experts expect good year in key cities

Real estate experts expect to enjoy good progress this year, as market activities emerge from a cooler economy in Yangon, Mandalay and Nay Pyi Taw, according to House.com.mm. 
Rental business is moving again in Mandalay. There is good demand for apartments and land for foreigners and their businesses, according to local real estate agents. 
So, experts expect the real estate market in Mandalay will progress in 2017. 

Myanmar exports more than 900,000 tonnes of rice and broken rice to December

Myanmar has exported more than 900,000 tons of rice and broken rice for the year until the end of December, reported the Ministry of Commerce.

“We already exported more than 900,000 tons of rice and broken rice. It is a good sign for the country,” Yan Naing Tun, the director-general of the Trade Department said.

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