Business

Agri First Co to operate fertilizer factory in Thilawa SEZ in October

The fertilizer factory established by Agri First Company in Thilawa Special Economic Zone in Yangon Region will be opened in October, according to a press release issued by Myanmar Agribusiness

Rice prices may increase in domestic market

 

Over 400,000 acres of idle Sagaing land to be confiscated

The government will confiscate more than 400,000 acres of vacant land in Sagaing Region that has not been used for agricultural purposes, said Than Win, secretary of the assessment committee for

Phase 3 of Yangon Int'l Airport improvement project nearing completion

The runway and apron of Yangon International Airport are being extended as part of phase 3 of the upgrading project, according to Yangon Aerodrome Company Ltd (YACL) in charge of the project.

NYDC to hold talks on seeking reliable facts about much-criticized Yangon New City Project

 
New Yangon Development Company (NYDC) has planned to hold a talk about NYDC Town Hall with the intention of seeking strong evidences for Yangon New City Project as China Communication Construction Company Limited (CCCC), a tender winning company, is facing many questions as to whether or not there is transparency, said Thein Wai (a) Serge Pun, the CEO of the NYDC.  
 

Tourist arrivals hit around 1.5 m in five months

 

Till May of this year, the number of tourist arrivals reached around 1.5 million, a 2-per-cent decline compared with the same period last year, according to the figures released by Ministry of Hotels and Tourism.

The number of visitors from European countries and the North American countries has dropped over the years due to political situations. But the number of visitors from China, Thailand and some Asian countries has increased.

China suspends rice imports from Myanmar after bank freezes

 

Chinese merchants have suspended its rice imports from China-Myanmar border after a freeze on bank accounts of merchants, said Than Oo, secretary of Bayintnaung Rice Brokerage Center.

“Rice prices remain unchanged as China has suspended rice imports from Myanmar. Rice prices will go up when there are high demands from China. Rice trading is not working well as China makes a crackdown on contrabands,” he added.

Myanmar earns US$538 M from CMP garment export

 

$163 m earned from exporting rice to 35 countries in two months

Myanmar has earned US$163 million from exporting 470,000 tons of rice and broken rice to 35 countries during the past two months, according to the Ministry of Commerce.

‘Myanmar Insight’ in Thailand to boost bilateral economic ties

 
GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to NattawinPhongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM).