Business

Kyat stable: vice president

The foreign exchange rate is stable as the government has been 

Yangon unveils hot-season power plan

Yangon Region's government has plans to prevent power blackouts during the hot season by generating an extra 100 megawatts, said Myint Thaung, Yangon minister for planning and finance.

Electricity reforms in urgent need to expand access

AS THE GOVERNMENT subsidy in the electricity sector amounted to Ks470 billion (Bt12.2 billion) last year, Myanmar plans to draw an effective action plan to undertake electricity reforms urgently.

In a bid to seek advice from different stakeholders, the Stakeholders’ Forum on Electricity and Energy was held at the office of Union of Myanmar Federation of Chamber of Commerce and Industry last week. 

US firm to help boost shrimp production

 

THOUGH MYANMAR’S shrimp export is much less than that of Vietnam and Thailand in terms of tonnage and value, the nation is set to leapfrog its production with American experts’ technical assistance, said Kyaw Tun Myint, president of the Myanmar Shrimp Association.

Emirates to launch direct Yangon-Phnom Penh air link

EMIRATES, a Dubai-based airline that flies to nearly 150 destinations globally, is set for the launch of its Dubai-Yangon-Phnom Penh route on July 1.

The addition of the new route using Boeing 777-300ER aircraft will make Emirates the only airline with a direct service between Myanmar’s commercial hub and Cambodia’s capital. 

MGMA denies labour abuses in garment factories

DESPITE RECENT international reports which accused some garment factories in Myanmar of labour abuses, top executives of Myanmar Garment Manufacturers Association said last week that the industry did not accept the use of child labour, in line with the standards of International Labour Organisation.

Japan set to provide Myanmar additional $30m grant in aid

Nippon Foundation chief affirms further support in 5 key areas

N Health JV launches Myanmar’s first private medical lab

NATIONAL HEALTHCARE Systems Co Ltd, a Thai medical service provider supporting hospital businesses in Asean, opened on Sunday an independent clinical laboratory as a joint venture with two Myanmar

No foreign investment allowed in mining sector by NLD government

Secretary of Myanmar Investment Commission, Aung Naing Oo, said that the MIC did not allow foreign investment in mining sector and the mining sector is not included in the list of sectors for which foreign investment will be encouraged. 

Muse sees decrease of more than US$320 million in border trade volume

There has been a decrease of US$320 million in the Muse border trade volume, the largest border trade camp bordering China compared to the same period last year.

The statistics of the Ministry of Commerce showed that Muse received $4.56 billion in border trade volume from April 3 to March 1 in  the 2016-2017 fiscal year; yet border trade volume reached $4.9 billion in  the 2015-2016 fiscal year indicating a decrease of $325.8 million this year.