Business

Three sites chosen for Myanmar-China border economic zones to be officially announced

Three potential sites chosen for the establishment of Myanmar-China border economic zones will be officially announced after a step-by-step assessment, and

89 firms from 17 countries invest in Thilawa SEZ

Eighty nine companies from 17 countries are investing in Thilawa Special Economic Zone, and construction of Zone-B infrastructure will be completed this ye

Local and foreign investments create nearly 16,000 new jobs

 

In late May and June, local and foreign investments created nearly 16,000 new jobs, according to the Directorate of Investment and Companies Administration.

Foreign investments created 8,866 jobs in May and 4,415 in June while citizen investments created 1,766 jobs in May and 993 in June.

YCDC criticised for issuing special land grant to billions of kyats' worth of plot

A member of the Social Affairs and Management Committee of Yangon Region Parliament has criticised the Yangon City Development Committee (YCDC) for issuing a special land grant for a plot worth billions of kyats at Mawata junction in North Dagon Township without seeking permission from the Yangon Region government.

Three areas earmarked for China-Myanmar border economic zones

Kampaikti region in Kachin State and Muse and Chinshwehaw regions in Shan State will be tentatively chosen for establishing China-Myanmar border economic cooperation zones, said Union Minister for Commerce Dr Than Myint, also chairman of the central committee for the zone establishment.

Online company re-registration to kick off on August 1

 

As from August 1, all companies in Myanmar will have to carry out re-registration via online, said Aung Naing Oo, Secretary of Myanmar Investment Commission.

“Companies whose licenses have expired can carry out re-re-registration. But these companies need to pay Ks-250,000 for registration as new companies. There will be no fine payment,” he added.

Export value expected to hit over K20,000 bn in 2018-2019 FY

Myanmar expects to export goods worth over K20,000 billion and import goods worth over K21,000 billion in 2018-2019 fiscal year, according to a national pl

Prices for bran and broke rice hit record high

 

Prices for bran and broken rice used for the production of animal feed have reached a record high, according to the information at the regular meeting held at Myanmar Fishery Federation on July 24.

Dr Thet Hmu, chair of Myanmar Fish and Prawn Feed Manufacturers Association said: “Bran is mainly used as raw material for the production of animal feed. In the last week of July, price for bran hit a record high during five years. Bran price is similar to price for broken rice. Now there are poor road transportation and climate changes.

GDP growth rate expected to hit 7.6 pc

 

According to the National Planning Budget for 2018-2019 FY, the Gross Domestic Product (GDP) growth rate calculated on normal prices is expected to hit 7.6 per cent.

The normal prices are prices for goods and services in the 2015-2016 FY.

In 2010 and 2015, Myanmar’s annual average GDP growth rate stood at 7.3 per cent only, according to the World Bank’s “Myanmar’s Future Jobs: Embracing Modernity”.

Systematic housing market to create opportunities for investors: Yangon Chief Minister

Despite reports that apartment sales are stale, a market is being formed in which hundreds of thousands of people are in need of housing, and systematic ho