Local fuel prices have increased by around 11 percent over the past three months with Ks4,449 for a gallon of 92 Ron octane, 4,674 for 95 Ron, K4,585 for diesel and K4,630 for premium diesel, according to local filling stations.
Sub-power stations are being constructed in Maungdaw District through the national power grid and construction of the sub-power stations are now at 80 percent completion.
“The construction of support pillars are nearly complete. Construction of the sub-power station is 80 percent completed. The project period dictates that we must complete in end of October. The building of the sub-power station in Maungdaw will be completed in December,” said Hein Moe Htet, electrical engineer of Maungdaw District.
From the 94 investors in Thilawa Special Economic Zone (SEZ), there have been about US $ 1190 million invested and at present, implementation of projects for Zone B, Phase-3 are in the works, according to Myanmar Thilawa SEZ Holdings Public Limited (MTSH) chairman Win Aung.
Vice-Chairman of Myanmar Fisheries Federation (MFF) Dr. Toe Nanda Tin said that Saudi Arabia’s postponement on import of Myanmar products will be discussed at the Marine products exhibition which will be held in October 30th to November 1st 2018 in Dubai.
In 2016-2017 fiscal year, the Central Bank of Myanmar (CBM) loaned over Ks-693 billion to seven private banks at the request of local banks. This may increase the amounts of revolving money and lead to inflation, the Joint Public Account Committee (JPAC) suggests.
In 2016-2017 fiscal year, the CBM granted temporary loans to seven private banks with the term not exceeding 92 days. The CBM calculated the daily interest rate with a 10-per-cent interest.