Govt ministries to implement 148 projects worth over K532 billion from April to Sept

There are 148 projects with a total investment of over K532 billion that respective union ministries will be implementing from April to September this year, according to a report submitted by the Union Parliament Joint Bill Committee regarding the national planning bill for six months.

They are 120 ongoing projects with an investment of K486.794 billion and 20 other projects with an investment of K45.273 billion to be implemented in the six-month period.

Thai imports fall at Myawady border, while Myanmar exports increase slightly

Imports from Thailand crossing at the Myawady border gate have declined from last year’s volume. 

Ygn to upgrade public infrastructures, drainage system with WB’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters.
The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held in Yangon yesterday.

Myanmar invited to take part in first China International Import Expo

The first China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10 this year, and the Myanmar government and local businesspeople are invited to participate in the event, according to a statement released by the Chinese embassy in Myanmar.

The export aims to further optimize the country's trade structure with rest of the world, China's Ministry of Commerce announced.

The statement says necessary assistance will be provided to least developed countries like Myanmar while assistance will also be given to developing countries.  

Tax contributions from state-owned entities declines

Tax payments and contributions of state-owned entities and banks and the Central Bank of Myanmar to the state fund are continuing their long-term decline, according to a report submitted by the Union Parliament’s Joint Public Accounts Committee.

MRTV signs contract with five free-to-air content providers


Myanmar Radio and Television under the Ministry of Information signed a contract with five free-to-air content providers, in the compound of MRTV in Yangon on February 17, 

At the signing ceremony, Union Information Minister Dr Pe Myint gave an opening speech.

Five content providers are Mizzima Media Company Ltd, DVB Multimedia Group Co., Ltd, Fortune Broadcasting Co., Ltd, KMA Tele-Media Holdings Co., Ltd and My Multi Media Group Co., Ltd.

Over 54 million SIM cards sold in Myanmar

More than 54 million mobile SIM cards have been sold by three operators in Myanmar, according to official figures. 
Among the mobile operators such as Myanmar Posts and Telecommunications (MPT), Telenor and Ooredoo, MPT as a state-owned enterprise has the lion’s share in the market by having more than 27 million SIM cards sold out.
Norwegian-owned Telenor has sold more than 19 million mobile SIM cards and Qatar’s Ooredoo sold more than 8 million mobile SIM cards.

One million housing units to be developed in five years


The incumbent government will develop one million low, fair and high-cost apartments during its term and now has developed more than 40,000 apartments, according to an official from Urban and Housing Development Department at the Construction Ministry.

Myanmar rice export hits record high in 60 years

Myanmar's rice export this financial year has reached a record high in over 60 years, said Sai Kyaw, central executive committee member of Myanmar Rice Federation.

Currently, Myanmar exports rice to more than 50 countries and nearly 3 million tons have been exported this fiscal year. In the previous years, a maximum of 1.8 million tons of rice were exported.

Myanmar plans to loan nearly 15 billion yen from JICA for SME development

Myanmar will loan 14.949 billion yen from Japan International Cooperation Agency for the small and medium enterprise development project (phase 2), and each entrepreneur can loan up to K50 million, said Deputy Minister for Planning and Finance Maung Maung Win.

The deputy minister submitted the loan matter to a session of union parliament held in Nay Pyi Taw on February 13.

He said for the project (phase 1), 5.033 billion yen (about K61.654 billion) was borrowed from JICA. He added that additional loans were necessary to finically help Myanmar's over 60,000 SMEs.