Business

Rice exporters call for govt deals

The Myanmar 

State projects to face scrutiny

The Myanmar Development Institution (MDI) will systematically analyse state projects and proposed schemes, according to the government.  
 
A government order states that the MDI will research and assess the projects, according to the 12-factor economic policy of the National League for Democracy government. 
 

Myanmar legislation fuels investors' interest

Though multinational companies are still on the waitandsee move to enter Myanmar, the nation’s recent legislative reforms to create a more enabling business environment will create positive signals for foreign direct investment inflows, according to a panel discussion by the global research and consultancy firm Oxford Business Group taking place on last Thursday.

Real estate law in pipeline, says association chairman

The Myanmar Real Estate Services Association says it expects a real estate law to be passed by Parliament later this year.

“It’s time for Myanmar to adopt a real estate law. We had support from ministries and attorney-general’s office when we proposed for it. As our association is state-level, we held discussions in Nay Pyi Taw. We have collected the discussion results and sent a report to the parliamentary legal affairs commission,” said Khin Maung Than, chairman of the association.

Government to provide cheap channels under national satellite programme

Myanmar has pursued a satellite programme named "Myanmar Sat 1” and plans are underway to provide channels for government ministries and private companies at reduced price rates, said Union Minister for Transport and Communications, Thant Sin Maung.

To promote the country's communications sector, the government signed a five-year contract with Intelsat Global Sale and Marketing Ltd in May of last year and launched the satellite programme.

Bond market to emerge as second market at YSX

Yin Zaw Myo, Managing Director of Yangon Stock Exchange says government treasury bonds and treasury bills will be on sale at Yangon Stock Exchange.

“We will open a bond market as secondary market in YSX this year. We are holding a series of discussions with the central bank and other experts on bond trading,” he added.

Export earnings from CMP garment expected to exceed $2.2 billion

Export earnings from CMP (cutting, making and packaging) garment industry are expected to reach up to US$ 2.2 billion as it has received  more orders from the EU and Japan, said Khaing Khaing Nwe, secretary of Myanmar Garment Entrepreneurs Association.

The export earnings are calculated according to the calendar year. The commerce ministry calculates export earnings for respective fiscal years. Currently, the ministry has not released export earnings for 2016 officially.

Danyingone wholesale vegetable market to open in April

New Danyingone wholesale vegetable market, which was jointly developed by the MAEX and Yangon City Development Committee, will be opened at the end of April, said Thurein Aung, managing director of Myanmar Agro Exchange Public Limited (MAEX).

CBM to relax bank interest rates

The Ce

7th bank to offer SME loans

Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar, says a seventh private bank, the Global Treasure Bank, will grant loans to small- and medium-sized enterprises (SMEs).

The Japan International Cooperation Agency  is disbursing 5 billion Japanese yen (Ks62 billion) to private banks via the Myanma Economic Bank.