Submitted by Eleven on Sat, 02/25/2017 - 11:48
Submitted by Eleven on Fri, 02/24/2017 - 23:15
Some 29 firms accepted as special companies under two old laws have been allowed to change to just be companies under the 1914 Myanmar Companies Act, the Ministry of Planning and Finance has said.
The firms include the Union of Myanmar Economic Holdings Ltd (UMEHL) – the Tatmadaw’s economic arm – plus subsidiaries such as Myawady Bank and Myanmar Brewery.
UMEHL was previously listed under the 1950 Special Companies Act and the 1914 Myanmar Companies Act.
Submitted by Eleven on Fri, 02/24/2017 - 23:06
Myanmar could earn nearly US$1 billion annually from prawn exports within a few years time, the Union of Myanmar Economic Holdings Ltd (UMEHL) has said.
“If we breed SPF white prawns whose genes were repaired in Hawaii of the United States of America, we earn $1 billion from prawn exports in a year beginning in 2022,” Dr Kyaw Tun Myint, chairman of the Myanmar Prawn Businessmens’ Association, said.
SPF stands for ‘specific-pathogen-free’ prawns.
Submitted by Eleven on Fri, 02/24/2017 - 16:37
The Ministry of Natural Resources and Environmental Conservation has reported that 210 mining operations will cease by March.
Submitted by Eleven on Thu, 02/23/2017 - 19:53
IN A BID to fill the gap of limited foreign investment in Myanmar’s agricultural sector, Japanese diesel engine manufacturer Yanmar and global trading firm Mitsui & Co on Tuesday launched a joint-venture sales business in the nation’s commercial hub.
Submitted by Eleven on Wed, 02/22/2017 - 13:26
Foreign trade volume is over US$23.5billion, US$61million more compared to the same period of last year, according to the Ministry of Commerce. Up to February 10, Myanmar received more than US$23.5billion from foreign trade, of which US$17.3billion came from overseas trade and more than US$6.1billion from border trade.
Submitted by Eleven on Tue, 02/21/2017 - 20:03
AS MYANMAR has enjoyed a dramatic increase in the number of data users over the past three years, its leading retailer City Mart Holding Ltd plans to launch its first e-wallet service in mid-2017 with the support of T2P, a Thai FinTech company belonging to Benchachinda Holding Co.
Submitted by Eleven on Tue, 02/21/2017 - 16:11
Plans are under way to resume construction of stalled housing projects in Yangon Region, said Phyo Min Thein, Yangon’s Chief Minister.
Phyo Min Thein made the comment at a regular meeting of Myanmar businessmen at the YMFCCI office on February 18.
Foreign countries, including Japan, have proposed upgrading old housing projects in Yangon.
Submitted by Eleven on Tue, 02/21/2017 - 16:05
The regional government has started working to provide farmers with loans, technology and inputs for the implementation of advanced farm projects, said Yangon Region Chief Minister Phyo Min Thein.
“For the development of agricultural sector, we are drafting a master plan which enables the agricultural sector to enter the supply chain system. Last year, the region government allotted about Ks 10 billion in RE budget for advanced farm projects,” he added.
Submitted by Eleven on Tue, 02/21/2017 - 16:01
The Myanmar Agricultural Development Bank under the Ministry of Agriculture, Livestock and Irrigation will be under the management of the Ministry of Planning and Finance starting April 1, said Kyaw Win, Union Minister for Planning and Finance.