Business

EU’s CMP garment orders increase twofold

 

CMP garment orders placed by EU countries have doubled this year, said Khaing Khaing Nwe, Secretary of Myanmar Garment Entrepreneurs Association.

AYA bank embraces digital transformation with Microsoft cloud

 

Yoma to tap digital banking for nationwide expansion

YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive offic

Local fuel prices increase by around 11% in three months

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.

Butheedaung sub-power station 80% complete

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.

Thilawa SEZ plans to initiate Phase-3

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.

Myanmar to Saudi marine products export to be discussed in Dubai Marine products Exhibition

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.

MJTD sees 33 percent decline in land lease

Myanmar Japan Thilawa Development Limited (MJTD) has seen a 33 percent decline in the land lease and it, therefore, is expecting to realize more earnings from other enterprises.
 

Over 97,000 Ayeyarwady farmers unable to repay loans

 

In Ayeyarwady Region, there are 97,802 farmers who are unable to repay their agricultural loans.  

Myanmar Agricultural Development Bank (MADB) resumes the suspended agricultural loan scheme this year.

The MADB in Ayeyarwady Region had to temporarily suspend its loan scheme as the disbursement of loans to the MADB by Myanmar Economic Bank (MEB) faced a delay.

CBM’s loan disbursement to private banks would result in inflation: JPCA

 

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.