Business

Shares slump to new low

 

Telecoms sector leads investment list

 

MIC reports investment high of more than US$6 billion under NLD

 

The foreign investment volume for Myanmar has reached over US$6 billion during the almost now eight months of NLD government leadership, exceeding original targets, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration (DICA) told a press conference on January 23. 

Yangon Region govt to start selling low-cost housing flats

The Construction Ministry says it has built 2,200 low-cost housing flats in 100 days, and will put more than 1,500 of the flats on sale soon.

Among them, more than 600 are administered by the Department of Urban and Housing Development. “Eligible people are granted ownership of these flats. Some are still waiting for new apartments, as they don’t like these ones,” said Director General Min Htein from the department.

Thai dairy pioneer eager to share expertise with Myanmar firms

 

ALTHOUGH it took nearly 30 years for Thailand’s dairy business to achieve growth, Myanmar has high potential for the industry to grow in less than 15 years, according to Sangchai Chotchuangchutchaval, chief executive officer of Patkol Public Co, which is the pioneer among Thai dairy manufacturers.

Govt to halve trade imbalance next FY

Maung Win, the Deputy Minister for Planning and Finance said the government would grant loans of Ks 1,700 billion to the farm sector in order to halve the current trade imbalance over the coming fiscal year.

Stock exchange ready to trade online

Thet Tun Oo, a Yangon Stock Exchange (YSX) manager, says the Securities and Exchange Commission of Myanmar (SECM) is testing online trading.

The six securities companies officially licensed by the SECM were ready to start when official permission was given, he added.

“The public is calling for the online trading. It’s up to the SECM to decide whether it would allow it. Tests are under way for online trading. The six companies are ready for it,” said Thet Tun Oo.

1,432 hotel licences issued

 

Govt declares ongoing commitment to major housing projects

Two major housing projects, which include 49 high-rise buildings under construction in Dagon Seikkan Township, Yangon Region, will be finished by 2020, says Director General Min Htein from the Department of Urban Housing Development.

Min Htein met reporters at the office of the Myanmar Construction Entrepreneur Association (MCEA) on January 21 in Yangon and said the Ayeyarwon and Yadanar housing projects were developing 18-storey buildings.

YSX capitalisation reaches $597m

Market capitalisation at the Yangon Stock Exchange