Business

Commuters invited to buy shares in new Power Eleven bus company

The No.45 air-conditioned bus line is to become Power Eleven public transport bus services, with commuters being given priority to buy a stake at K100,000 per share, said managing director Thet Tin Win aka Tayote Lay on January 2.

Services are planned to start on January 15 with 50 air-conditioned buses, approval having been requested from the region government to run from Insein-Danyinkone-Sule.

New industrial zone to be built in Ayeyarwady Region

A new industrial zone will be built this year in Myaungmya Township, Ayeyarwady Region, according to Myanmar Agribusiness Public Corporation (MAPCO).

The industrial zone to be built in a 221-acre wide land will be for local and foreign investors in agriculture and livestock farming, says the corporation.

The MAPCO has reached an agreement with the Ministry of Agriculture, Livestock and Irrigation.

Myanmar expected to have earned $2 bn from garment industry

It is expected that Myanmar could earn about US$ 2 billion from CMP (cutting, making and packaging) garment industry, which is running under a piecework system, in 2016, according to Myanmar Garment Entrepreneurs Association.
US$ 1.65 billion was earned in 2015, and over US$ 1.1 billion has been earned between April and November of fiscal year 2016-17 from the industry, said sources from the Ministry of Commerce. 

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