ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Mekong-Japan Exchange Year 2019 hold in Nay Pyi Taw which intends to promote the social and economic sectors among the countries in Mekong region

  Myanmar hosted Mekong-Japan Exchange Year 2019 at Thingaha Hotel in Nay Pyi Taw on 14th of August. The ceremony was commenced with the traditional dances and performances staged by the artistes from Japan and Mekong region countries. State Counsellor DawAung San SuuKyi graced the ceremony and delivered an opening remark. Introduced by the Government of Japan, the Japan-Mekong Partnership Programme has started in 2007 with the member States of Cambodia, Laos, Thailand, Vietnam and Myanmar. The program intends to promote the social and economic sectors among the countries in Mekong region; especially Japan will expand its ODA to CLMV countries in order to develop its East-West Economic Corridor and Southern Economic Corridor in the Mekong region.
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  Tah Moe Hnye Group Investment and Development Co., Ltd proposed development of an industrial park in Thanlyin Township, Yangon

  Local conglomerate Tah Moe Hnye Group Investment and Development Co Ltd is proposing the development of an industrial park in Thanlyin township, Yangon Region. The Thanlyin industrial park, located just southeast of the commercial capital of Yangon across the river, is one of 11 new industrial parks proposed by the regional government at the Yangon Investment Forum 2018 held in May last year. Tah Moe Hnye together with their Chinese partner has proposed that the park focus on garment and furniture manufacturing. Yangon Region chief minister U Phyo Min Thein, who met with Tah Moe Hnye officials and their Chinese partner on August 13, said the regional government will study the proposal as well as do the due diligence on the finances, experience and past work of the companies involved.
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  With the support of the UK’s Department for International Development, the Asia Foundation published Myanmar’s first business environment index

  Myanmar’s first business environment index, surveying nearly 5000 companies, reflects how the private sector views governance, transparency and efficiency as implemented by central and local government. The findings provide policymakers with a set of data for making evidence-based decisions. The Asia Foundation has published the first Business Environment Index (MBEI) for Myanmar, with the support of the UK’s Department for International Development. The index is based on a nationwide survey of 4874 companies - many of them small and medium-sized enterprises - in services and manufacturing industries and represents the voice of the private sector across the country. It measures 10 components of good economic governance and provides data and analysis which policymakers may use when reforming the business environment.
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  Rakhine State Government invited local and foreign companies to submit an Expression of Interest (EOI) for Sittwe development projects in Rakhine State

  Rakhine State’s Minister of Planning and Finance has invited local and foreign companies to submit an Expression of Interest (EOI) for a development project on 13.6 acres of state-owned land in Sittwe, the capital of Rakhine State, Myanmar. The project will include shops, residential housings, a business center, and ports. This opportunity is open to all investors, local or foreign and enen joint-venture companies, according to Dr. Htoo Min Thein, Director of Directorate of Investment and Company Administration (Rakhine State). The Rakhine State Government and BXT International Company have completed land preparation for the project, and are ready to move forward with investors. “We invite everyone to submit EOIs, whether they want to invest for a 20 or 50 year period,”he added.
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  Myanmar’s securities regulator and the Yangon Stock Exchange are planning to establish an alternative market for investors where can trade shares of unlisted companies

  Myanmar's securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review reported. Tentatively called the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a document that Nikkei obtained.
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  Roland Berger Company Limited chosen to provide consultation services for foreign banks in Myanmar

  The Roland Berger Company Limited has been chosen to provide consultation services for the selection of foreign banks, under the third wave of economic liberalization in Myanmar, according to an announcement by the Central Bank of Myanmar (CBM), state media reported. Four firms out of eight consulting subsidiaries in Myanmar had submitted Requests For Proposal (RFPs) to provide consultation services for the selection of foreign banks. The RFPs were invited as the CBM is moving forward with the liberalization process.
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  Malayan Banking Berhad (Maybank) to provide USD $ 3 million loan to Myanmar microfinance institution (MFI) for the lattter’s operation expansion

  Kuala Lumpur-based Malayan Banking Berhad (Maybank) has signed an agreement with Hayman Capital, a Myanmar microfinance institution (MFI), to provide US$3 million loan for the latter’s operation expansion. The loan will be for two years and the necessary regulatory approvals from both the Central Bank of Myanmar and the Financial Regulatory Department under the Ministry of Planning and Finance have been obtained. A total of K4.5 billion will be disbursed to assist Hayman Capital in achieving its growth target of 15,000 new clients in 46 townships located across four regions, and to its new branches in Sagaing Region and Shan State.
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  VDB Loi hosted a seminar in Yangon to discuss about “Tax Administration law” and “The new Union Tax Law”

  Representatives from around 300 local and international companies discussed about “Tax Administration law” and “The new Union Tax Law” at a seminar hosted by VDB Loi in Yangon, Tuesday. The seminar also focused on preparing for the upcoming new one to understand taxpaying procedures and penalties for non-compliance, interest on underpaid/unpaid taxes to people. Senior partner, VDB Loi, Edwin Vanderbruggen said “We have a new tax administration law which it is the law that organizes not exactly how much to pay but it is organized as when you have to pay…. what are the rights of the tax payers and what’s the tax officials have to follow. It is very new, very important and it will change about how big and small companies pay tax in Myanmar..”
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  Small and Medium Enterprises (SMEs) need to have specific policies tailored for growth to flourish

  Small and Medium Enterprises (SMEs) need to have specific policies tailored for growth to flourish
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  In collaboration with Ministry of Commerce, the International Trade Centre (ITC) will implement the ARISE Plus Myanmar project to support inclusive and sustainable trade growth in Myanmar

  Over four years the EU will provide up to 8 million euros to implement the ARISE Plus Myanmar project that will be implemented by the International Trade Centre (ITC) in collaboration with the Ministry of Commerce (MOC). According to a recent press release, the initiative aims to support greater connectivity and strengthen economic integration between Myanmar and the Association of Southeast Asian Nations (ASEAN) in line with the ASEAN Economic Community (AEC) Blueprint 2025. The initiative was publicly announced on 6 August at the handover ceremony of the Financing Agreement for the ASEAN Regional Integration Support – Myanmar Trade Related Assistance (ARISE Plus Myanmar) was held at Park Royal Hotel in Nay Pyi Taw.