The Ministry of Industry has announced that the remaining 47 state-owned factories will be put up for lease for local and foreign private investors.
According to Deputy Secretary Myo Zarni Win, those interested in leasing the factories can find details on locations and staff at the ministry’s website, while further details can be discussed at relevant departments under the ministry.
Kanbawza Bank has been awarded “Best Bank in Myanmar 2016” at the Euromoney Awards for Excellence, held on July 14 at the Island Shangri-La Hotel at Hong Kong.
The Ministry of Commerce has opened a trade website to ease Asean-wide business exchanges.
A ministry official said: “This website aims to ensure entrepreneurs can easily understand trade information and help support the smooth functioning of business. Since 2014, USAid has sent technical experts and our officials have visited USAid. It has provided funds of US$500,000 for the project.”
The website should enable traders to comply with Asean's trade agreements and provide details of the country's business laws.
A tonne of green gram is now priced at Ks 1.85 million (US$1,500), marking an increase of Ks 25,000 over a few days, according to the Bayintnaung Wholesale Centre.
The price rise is due to a surge in the dollar value and increasing demand from India.
The prices of green gram and pigeon pea on Tuesday were Ks 1.85 million and Ks 1.5 million, respectively.
The Philippines has offered to buy Myanmar rice through a government-to-government channel, according to the commerce ministry.
Khin Maung Lwin, the assistant secretary of the commerce ministry, said: “The Philippines contacted the Myanmar embassy there requesting to buy rice from Myanmar. Normally, the Philippines imports rice from Vietnam. It can be said that we may overtake Vietnam if [the deal] materialises.”