Business

Myanmar uses about 6,500 tons of LPG monthly

Myanmar is using about 6,500 tons of liquefied pet

Rubber exports up



Rubber exports have increased by around 50,000 tonnes during the two consecutive fiscal years as the country sees an increase in rubber production and are able to control illegal rubber exports, said Khaing Myint, general secretary of Myanmar Rubber Planters and Producers Association.

In the past, the country exported 80,000-90,000 tonnes of rubber. Since 2016-2017 FY, the country’s rubber exports have reached more than 130,000 tonnes.

Rubber export will not decline despite low prices: official

Despite low prices in both local and foreign markets, Myanmar

Actual FDI inflows hit $ 4.34 bln

 

During 2017-2018 fiscal year, the actual foreign investments reached US$ 4.34 billion though Myanmar Investment Commission granted US$ 6.11 billion in foreign investment, according to a statement by Directorate of Investment and Company Administration.

In February of this fiscal year, the total foreign investments including investment promotion amounted to US$ 347.616 million and US$ 409.146 million in late March.

Local and foreign investors invited to No.21 Heavy Industry (Thaton)

No.21 Heavy Industry (Thaton) of the Ministry of Industry in Thaton Township, Mon State, will go into partnership with local and foreign entrepreneurs, according to ministry sources.

Interested local and foreign companies are invited and to send an expression of interest (EOI) to the management section of No.2 Heavy Industry under the Ministry of Industry. EOI can be sent from April 30 to May 31.

Although state-owned factories and industries have been suspended due to losses, plans are now underway for some to continue manufacturing products necessary for the country.

Plan to open Bagan’s Night Market delayed

YANGON- Despite discussions on the opening of night market in Bagan and Nyaung-U Townships with the aim to develop Bagan Region, plans have been delayed, say member of Bagan Plastic Campaign Group Tint Swe.
 

Foreign investment expected to hit $3.4 bn in six months

It is estimated that Myanmar will see up to US$3.4 billion in foreign investment in a period of six months from April to September this year, said Aung Naing Oo, secretary of Myanmar Investment

Enterprise business to drive Huawei’s growth outside China

 

18 Myanmar workers return home jobless despite MoU to work in Thailand

Eighteen Myanmar workers arrived back home from Thailand as they were not able to obtain suitable jobs even though they were under a memorandum of understanding.

Minister calls for shift from trade-based to production-based system