Business

Myanmar to send commercial attaches to more countries

IN A BID to boost trade with foreign countries, Myanmar will appoint new commercial attaches in more countries in the coming months, said a government official.

Khin Maung Lwin, assistant secretary and spokesperson of the Ministry of Commerce, said the ministry is currently training some officials to be sent to foreign countries which have strong potential for trade with Myanmar.

“We hope to replace the existing commercial attaches with new ones by December this year, and have planned to appoint commercial attaches for four new destinations including Africa,” he said.

MM Social eyes nationwide reach, profit in one year

MYANMAR people’s thirst for a 100 per cent local social network platform like Facebook will be satisfied by the recent launch of MM Social developed by young technicians, Yan Naing Myint, founder and managing director of MM Social Zone Co, said in an exclusive interview.

He explained that the growing popularity of global social networks including Facebook and Instagram among people in Myanmar motivated him to start creating a local social platform. So, three months ago, he established a company with a team of some 20 young technicians. 

Foreigners and locals invest in electricity generation sector

 

Fuel prices hit the record within three-month time

Fuel prices have increased over 12 per cent for more than three months, peaking at Ks4,494 per gallon for 92 Ron, Ks4,676 per gallon for 95 Ron, Ks4,585

Emplyoment association and govt meets to discuss sending MOU workers abroad

In order to meet the demand for legal workers in Thailand’s fishing industry, a meeting was held between officials from Ministry of Labour, Immigration and Population and Myanmar Overseas Employment Association at the Ministry of Labour, Immigration and Population in Nay Pyi Taw on September 11.

Fresh water fish scale in demand for use in cosmetic

Thailand and Japan is buying freshwater fish scales for use in cosmetic products according to Win Kyaing, general-secretary of Myanmar Fish Federation.

Buyers from Thailand and Japan came to Myanmar to buy freshwater fish scales.

“On September 7, buyers from Japan discussed with us for buying fish scales. They want Tilapia fish scales. They said collagen will be extracted from the fish scale and it can be used for whitening lotion and other skincare cosmetics,” said Win Kyaing.

FDI inflows expected to hit over $ 5.8 billion

 

From October 1, 2018 to September 30 of 2018-2019 fiscal year, the inflows of foreign direct investments are expected to hit over US$ 5.8 billion, said Aung Naing Oo, Director-General of Directorate of Investment and Company Administration, at Myanmar Global Investment Forum at the MICC-2 in Nay Pyi Taw.

Cotton in high demand

 

Due to high demand from China, farmers are increasing more cotton acreage, and cotton gets good prices, said Zaw Tun Myint, Deputy Director-General of Department of Industrial Crops Development.

Over 40 business contractors establish K-6 billion public company for Mon state development

A total of 41 licensed contractors have formed the first public company in Mawlamyine, Mon State, with a starting capital of about K6 billion in their shares.

Agricultural sector must be boosted within OBOR Initiative

YANGON - Myanmar-Macau Friendship Association will be carrying out trading development efforts and their first priority is to boost the agricultural sector within the One Belt One Road (OBOR) Initiative.
 
The information came to the Yangon Conference on One Belt One Road and Myanmar’s Development held at the Sule Shangrila Hotel Yangon, yesterday.