Business

Aiming high for AI frontier with smart devices

By KHINE KYAW

MYANMAR ELEVEN

SHENZHEN, CHINA

Average inflation rate hits 4.03 pc in March

 

 

The average inflation rate in March was 4.03 per cent, with the highest rates reported in Rakhine and Mandalay and the lowest in the Union Territory, according to the figures released by the Central Statistical Organization.

First global vision for digital industry unveiled

 

Shenzhen, China

Huawei Technologies Co, a Chinese ICT giant, on Tuesday released its first-ever Global Industry Vision 2025 report during its global analysis summit 2018.

India govt. signs highway construction project of India-Myanmar-Thai

The India–Myanmar–Thailand Trilateral Highway is that will connect India with the ASEAN region. The highway will link Moreh in Manipur state (India), via Mandalay city (Myanmar) and to Mae Sot district (Thailand).
India Government has signed agreement on construction of the highway according to Business Standard news agency. The 1,400-kilometre-long highway that will link India with Southeast Asia by land for the first time in decades, giving a boost to trade and cultural exchanges between the three countries.

Over 50,000 Myanmar workers went abroad in three months

More than 50,000 Myanmar citizens left their homeland within the past three months to work abroad, according to monthly employment figures released by the Ministry of Labour, Immigration and Population.

From January to March this year, there were 50,500 workers who left Myanmar in order to work in foreign countries and most went to nighbouring Thailand.

Citizen investments hit over Ks 16864 bln

 

Till March this year, the government granted 1,361 citizen investments worth over Ks 16,864 billion, according to Myanmar Investment Commission.

Govt eyes rail sector to reduce logistics costs

 

The government will turn to rail sector to reduce increasing logistics costs, said Union Minister for Planning and Finance Kyaw Win.

“Logistics costs are a bit high. We have to rely only on vehicles. There is lesser use of railroads though the country has major railroads. The extensive use of railroads in the logistics services can help reduce transportation costs,” he added.

Huawei celebrates its journey of success at 15th Analyst Summit

 

In the 15th annual Global Analyst Summit held in Shenzhen, China on April 17, Huawei shared its vision and plans for the dynamic and digital “intelligent world” as one of its leading pioneers.

Huawei’s current Rotating Chairman Eric Xu along with other executives provided insights into the strategy and initiatives of the Chinese tech giant to over 500 analysts, key opinion leaders and media representatives across multiple industries including telecommunications, internet and finance.

Yara bullish on Myanmar’s agricultural growth

 

YARA International, a leading fertiliser company with operations in more than 60 markets, is confident of doing well in Myanmar’s agriculture sector because of the country’s current low productivity compared to other Asean countries, said HavarValved, the firm’s country manager for Myanmar.

Valved said in an interview the firm aims to be the leading provider of sustainable crop nutrition solutions in Myanmar by 2020.

YSH partners with IFC, Norfund to develop $28m power project

 

YOMA STRATEGIC Holdings Ltd (YSH) has joined with International Finance Corporation (IFC) and Norfund to invest US$28 million in Yoma Micro Power Pte Ltd, which will implement solar power plants and mini-grids to power telecommunications towers and off-grid communities in rural Myanmar. Melvyn Pun, chief executive officer of YSH, said.