Submitted by Eleven on Wed, 01/31/2018 - 15:24
The Central Bank of Myanmar has no plan to reduce the interest rate and will lower the interest rate only when the inflation rate is stable, said its deputy governor, Soe Thein, at a press conference on Tuesday.
Submitted by Eleven on Wed, 01/31/2018 - 09:16
LNG (liquified natural gas) plants will be built to provide electricity needs, according to the Union Minister for electricity and Power, Win Khine.
“There are requirement in natural gas and some industries using natural gas couldn’t fulfill the energy requirements. For the middle and short term plans, LNG will be imported and power plants will be built,” Win Khine said.
“Besides that, upgrading of power grids will be carried out and new modern power grids will be constructed.”
Submitted by Eleven on Tue, 01/30/2018 - 13:36
Until January 12 in 2017-2018 fiscal year, Myanmar earned over US$844 million from the export of 2.72 million tonnes of rice and broken rice, according to Myanmar Rice Federation.
According to the statistics, until January 5, there were 50 rice-exporting countries and 33 broken rice-exporting countries.
Submitted by Eleven on Mon, 01/29/2018 - 16:42
YANGON- A 2500-acre international level avocado cultivation zone will be built in Shan State this year under the help of the Shan State Government Committee, according to Myanmar Avocado Producer and Exporter Association.
Submitted by Eleven on Mon, 01/29/2018 - 14:50
The oil and gas, power supply, manufacturing, telecom and real-estate sectors have topped the list of foreign investments during this year, said Aung Naing Oo, secretary of Myanmar Investment Commission.
China stands first on the list of foreign investors, Singapore, second and Thailand, third.
Submitted by Eleven on Mon, 01/29/2018 - 09:17
Logging will be stopped for at least 10 years in the Bago Yoma range, which is rich in teak timber, according to director-general of natural resources and the environment Dr Nyi Nyi Kyaw.
A 2015 FAO report found that forest coverage had dipped to only 42.92 per cent of the country’s lands, and Myanmar has the third-most depleted forest coverage in the world.
Submitted by Eleven on Sun, 01/28/2018 - 16:10
Yangon region has received over US$11 billion (14.65 trillion kyat) in total investments from August 2017 to January 24 of this year, including more than US$40 million in industry and services sectors, according to the Yangon region investment committee.
Submitted by Eleven on Fri, 01/26/2018 - 13:10
Ever since numerous cases of fraud and malpractices involving Bayinnnaung Rice Commodity Exchange got revealed, rice makers have been directly dealing their products to the markets.