ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  UMFCCI signed a Memorandum of Understand (MOU) with Argentina and Indonesia based Mercosur - ASEAN Chamber of Commerce (MACC) for economic corporation to boost trade and investments

  Argentina and Indonesia based Mercosur-ASEAN Chamber of Commerce (MACC) and Yangon based Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) signed a Memorandum of Understand (MoU) for economic cooperation, the aim of the MoU is to boost trade and investments. Mercosur established the South American trade bloc, with member countries such as Argentina, Brazil, Paraguay, and Uruguay, they are planning to increase collaboration with ASEAN countries for increased trade, investment and tourism.
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  Central Bank of Myanmar (CBM) is applying the monetary policy instruments in order to achieve the targeted reserve money amount

  Central Bank of Myanmar (CBM) is applying the monetary policy instruments in order to achieve the targeted reserve money amount
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  Myanmar earned over K 13 billion from three time sales of Myanmar pearls locally and internationally

  Myanmar has earned over K13 billion from pearl sales three times at home and abroad, according to the Ministry of Natural Resources and Environmental Conservation. The ministry's made a press briefing on a one-year period of its activities which were featured by State-run newspapers. Myanmar's peal sales were held three times locally and internationally and the sale amount exceeded by nearly K2 billion than expected. The ministry allowed local and foreign travellers to visit and study State-owned pearl culture camp and five other private pearl culture camps starting from October 2018.
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  Japanese leasing company Tokyo Century Corporation will buy 20 percent of stake in Yoma Group’s auto leasing unit for USD $ 26.6 million via new shares

  Yoma Strategic Holdings (YSH) said on Monday that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for S$26.6 million by way of newly issued shares, Business Times reported. Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will become an 80 per cent shareholder in Yoma Fleet.
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  Ministry of Commerce (MOC) is drafting the new trade laws to protect local producers while promoting exports of domestically produced goods

  The Ministry of Commerce (MOC) is drafting new trade laws to safeguard local producers while promoting exports of domestically-produced goods, Minister of Commerce U Than Myint said. Due to the lack of investments and technology, Myanmar producers face stiff competition from their regional peers, who are able to manufacture at faster speeds and lower costs and produce higher quality goods. As such, the legislation, drafted in collaboration with the World Bank and German development agency GIZ, will include a new Safeguard Law on Increased Import and Antidumping and Countervailing Law. The laws aim to safeguard domestic manufacturers from cheap imports and support demand for locally-made products. At the same time, the government is also raising efforts to promote economic growth through exports by adding new priority sectors to its National Export Strategy (NES).
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  Yangon Regional Government will invite foreign investors to invest in low cost housing projects for over 15 years in Yangon Region

  Yangon regional government will invite foreign investors, who will invest for more than 15 years in low-cost housing project in Yangon Region, said U Phyo Min Thein, the Chief Minister of Yangon Region. With an aim to solve the living difficulties of the local people in Yangon Region, the low-cost housing projects are being implemented in Yangon. The authorities are also planning to sell the low-cost housing apartment buildings in installment system, for which the banks will cooperate with the government. “If the investors make investment in building the low-cost apartment buildings, we will try our utmost to sell the flats at an affordable price. The price can be low because the government will not charge any rent for the plots of land. However, we need to attract the investors who will invest for a long term. Provided that they do not make long- term investment in the housing projects of the regional government, the needy purchasers will be required to pay in a short-term installment, which will make those earning not much difficult to buy the flats. Therefore, we would like to invite the investors who can invest for above 15 years,” said U Phyo Min Thein, the Chief Minister of Yangon Region at the license handing over ceremony held on 6 April at Pan Pacific Hotel.
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  Ministry of Industry is working in line the State economic policy with emphasis on research and innovation for quality production

  The Ministry of Industry was reorganized on 1 April 2015 by adopting with 4 state policies on industrial sector development; with 2 missions; with 6 work programs in the functioning of the Ministry; two departments, and four industrial establishments. Development of Industrial Sector The Ministry undertakes a wide ranging responsibilities in the operation such as that of drafting industrial policies in line with the State economy; that of drafting industrial strategic development and industrial zone; the policy on economic development of SMEs; that of all the implementation in accordance with law and by laws; that of the policy in saving power and energy along with guidelines (or) drafting framework of law; that of providing training courses in producing industrial workers as human resources development. Other tasks are also undertaken such as that of enforcing in line with the hazardous chemical related laws; that of drafting laws with regards to motor vehicle production development in line with the motor vehicle policy; that of working in connection with the Myanmar Sustainable Development Plan and Myanmar Investment Promotion Plan.
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  Local fuel prices increased by Ks 140 to Ks 200 per liter over the past four months as global oil prices continuously increased

  Local fuel prices have continued to increase by K140 to K200 per liter over the past four months as global oil prices reach about US$64 per barrel although Myanmar Kyat against dollar sees little fluctuation with the current value of just over K1,500, according to local filling stations. On April 18 in local market, maximum prices were K990 for one liter of diesel (K4,500 per gallon), K1,000 for one liter of premium diesel (K4,546 per gallon), K860 for one liter of 92 Ron octane (K3,910 per gallon) and K930 for one liter of 95 Ron octane (K4,228 per gallon). In comparison with the prices on January 3 this year, prices of one liter of diesel have increased by K140 (16.47 percent), one liter of premium diesel by K145 (16.95 percent), one liter of 92 Ron octane by K190 (28.35 percent) and one liter of 95 Ron octane by K200 (27.39 percent).
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  Myanmar’s sea trade with foreign countries reached over USD $ 11 billion from Oct to the mid of March 2019

  Myanmar's trade with foreign countries through sea route reached over 11.05 billion U.S. dollars as of March 15 in the current fiscal year 2018-2019 starting in October last year, according to Myanmar's Commerce Ministry Saturday. During this period, Myanmar's maritime export hit over 4.2 billion U.S. dollars while its import reached 6.85 billion U.S. dollars. The figure decreased by about 100 million U.S. dollars compared to the same period of the last FY 2017-2018 which showed over 11.15 billion U.S. dollars.
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  Urban related four mega projects begun construction activities in Yangon and Mandalay

  Urban –related four mega projects have begun construction activities three in Yangon and one in Mandalay, said a source from the Ministry of Construction. Eco Green City Project has begun implementation on a basis of joint venture with local developer Alliance Star Group of Companies in Hlegu Township, Yangon. Smart District Project is also being implemented in Dagon Seikkan Township in Yangon, said Deputy Minister Kyaw Lin of the Ministry of Construction. New Mandalay Resort City Project is now being implemented on about 7,000 acres of land in PyinOoLwin in Mandalay as Clean, Green and Smart Satellite Town Project. Similarly Korea-Myanmar Industry Complex on 558 acres of land has been under implementation near Nyaung Hna Pin Village in Hlegu Township, Yangon Region. The first phase construction of Eco Green City Project in Hlegu is from 2018 to 2023. Ayeyarwun and Yadanar Affordable Housings have been under construction as Smart District Project in Dagon Seikkan Township.