Real estate sector attracts fewer investor: a survey


No plan to reduce the interest rate: CBM

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.

LNG plants to fulfill electricity needs

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.”

Export earnings from rice hit $844 m in nine months

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. 

Shan State to build international standard avocado cultivation zone

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.

Investment commission aims to attract labour-intensive companies

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.

Logging to stop for 10 years in Bago Yoma ranges to rehabilitate forests

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.

Total Yangon investments hit $11 billion in five months

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.  

Electricity sector tops foreign investment in Nov and Dec


Rice trade plummets at Yangon's commodity exchange due to fraud fears


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.