— หน้าแรก — เกาะติดข่าว
ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์
-
Myanmar traders suffered loss as China suspended marine products imports through Muse land border
China halted fisheries products imports through Muse land border effective 15 October, causing losses for Myanmar traders, industry sources said. Myanmar traders export the frozen fish and live fish, crab, eel, long-finned eel and other fisheries products to China through Muse land border. During the last financial year ending on September 30, a total of 128,067 tonnes of fisheries products, w3ith a total value of US$170.735 million , were exported through Muse. In the FY2018-2019, the figures stood at $128.429 million with 102,018 tonnes. Therefore, the export value saw an increase of $42.306 million, and the volume was up by over 26,048 tonnes in the past FY. Ribbonfish, Katla, white pomfret, silver pomfret, yellow pike conger, white croaker, soldier croaker, yellow croaker, Ilish, loach, mackerel and pufferfish, and pink, white, Vannamei and Tigers prawn, dried shrimp, squid and salted fish are exported to China. Myanmar’s fish exports to China in June-August dropped. It was attributed to the fights in the Shan State during August and fishing banned season. During the early outbreak of COVID-19, trade flow was steady. During the exemption period of advanced income tax on exports, the export amount increased. -
Shan State Government promotes five tourism cities to lure more visitors into the state
The Shan State Government will implement five tourism cities to lure more visitors into the state, according to U Soe Nyunt Lwin, Shan State Minister for Planning and Finance. “Shan State Government will implement five tourism cities in Shan State and the first tourism city will come into existence. During the last four years during our administration, we implemented reforms in Kalaw City,” U Soe Nyunt Lwin wrote on social media. The five cities to become tourism cities are Kalaw City, Nyaung Shwe City, Kyaikton City, Thibaw City, and Lasho City. The state government in collaboration with the union government has developed a tourism master plan tailored for the Shan State aiming to boost the tourism sector during the post-covid times. -
Myanmar trade deficit with China estimated at USD $ 1.3 billion in the 11 months of the previous 2019 – 2020 financial year
Myanmar trade deficit in goods with China was estimated at US$1.3 billion in the 11 months of the last financial year (Oct-Aug), the data released by the Ministry of Commerce indicated. The value of Myanmar’s bilateral trade with China in average trade and border trade topped $11.19 billion as of August in the past FY. The MoC reported that imports surpassed exports in trade with China, with exports reaching over $4.9 billion and imports valued at over $6.246 billion. This year, China has been stepping up border control measures to contain the spread of the Covid-19, causing traffic congestion in the border areas of two sides. Next, the value of Myanmar’s bilateral trade with the neighbouring country China through maritime trade and border trade has registered approximately at US$46.247 billion in the incumbent government period, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated. The ministry reported that the imports outperformed the exports in trade with China over the past four years, with exports reaching over $21.363 billion and imports valued at over $24.8 billion. -
United States of America (US) has offered in providing technical assistance to boost investments in Myanmar
The United States has offered to provide technical assistance to help boost investments into Myanmar during the meeting between the U.S. International Development Finance Corporation (DFC) and the Ministry of Investments and Foreign Economic Relations. U Thaung Tun, Union Minister of the Ministry of Investments and Foreign Economic Relations, received Mr. Adam Boehler, Chief Executive Officer of the DFC, on October 27. The U.S. delegates said that the U.S. acknowledged the efforts of Myanmar approving international investments into the countries in line with international standards and discussed the possible cooperation in the energy sector, telecommunication sector, tourism sector, and natural gas extraction sector. -
Myanmar has seen increased both foreign and local investments in September 2020
Myanmar has seen increased foreign and local investment in September 2020, according to investment data for August and September from Myanmar Investment Commission. In August, the commission approved $40.992 million foreign direct investments while the approved investment in September reached $507.159 million. Looking at the investment by sector, the industrial sector received eight foreign investments in August totaling $40.309 million while September saw 11 foreign investments totaling $212.839 million. -
Government will provide over K 21 billion loan to 1,200 businesses that suffered from the impact of COVID – 19 pandemic
The government will provide a K21.122 billion loan to 1,200 businesses that suffered from the impact of the COVID-19 pandemic, according to U Thaung Tun, Union Minister of the Ministry of Investments and Foreign Economic Relations. He said that during the video conference of the COVID-19 Economic Relief Work Committee, chaired by him, held on October 14. “The government allocated K100 billion to provide the second trench of loans, out of which we have used K20.277 billion to provide loans to K1,041 businesses in the first batch. From this meeting, we will approve K21.122 billion loans for 1,200 businesses,” U Thaung Tun said. -
More than 200 retailers joined hands with Myanmar Rice Federation to resell reserved rice with fairest price
More than 200 retailers across the country have worked together with Myanmar Rice Federation (MRF) to resell the reserved rice at a much fairer price to the people, MRF stated. “MRF aims to offer the rice at a fairer price to the people amid the COVID-19 crisis. Yangon rice depot is also opened three days per week”, said the president of MRF. MRF is supporting the government’s plan with non-profit. The federation sells the rice to the registered retailers at K22,800 per 108-pound bag of low-quality rice at the warehouses. The retailers in Yangon Region can also buy them at K23,200 per bag through the delivery system, and Pawsan rice variety is sold at K38,000-40,000 per bag, with a minimum order of 10 bags per batch, MRF stated. -
Myanmar’s manufacturing sector attracted 188 foreign enterprises in the past 2019 – 2020 financial year
Majority of foreign enterprises eye the manufacturing sector for investments in the past financial year 2019-2020, pulling in US$1.128 billion from 188 projects, the Directorate of Investment and Company Administration’s statistics indicated. Of 245 foreign enterprises permitted and endorsed by Myanmar Investment Commission and the respective investment committees between 1 October and 30 September of the last FY, 188 enterprises pumped FDI into the manufacturing sector. However, the quantum of investment in power is higher than in any other sectors. Power sector topped $1.67 billion from eight enterprises. -
Government is drawing the Myanmar Economic Recovery and Reform Plan (MERRP) for post COVID period to revive the national economy
The government is drawing the Myanmar Economic Recovery and Reform Plan (MERRP) in connection with the Myanmar Sustainable Development Plan (MSDP) for use in the post-Covid period in order to revive national economy, said Union Minister for Investment and Foreign Economic Relations Thaung Tun. He revealed the information during the “Brimming with opportunities” Prospects in Myanmar for HK Investors Webinar organized by Myanmar Hong Kong Chamber of Commerce and Industry, the ministry’s Facebook page reported. -
Myanmar’s external trade reached USD $ 153 billion in the past four years under the incumbent government
Myanmar’s external trade over the past four years under the incumbent government has touched a high of US$153 billion, comprising exports worth $70.4 billion and imports valued $82.8 billion, according to the statistics released by the Ministry of Commerce. Between the financial year 2016-2017 and FY2019-2020, the maritime trade has outperformed the border trade. Myanmar’s average trade was estimated at $111.7 billion, while its border trade with the neighbouring countries — China, Thailand, Bangladesh, India and Laos stood at $41.6 billion. Myanmar’s foreign trade has shown a 10-per-cent increase, year over year, under the incumbent government.
เกาะติดข่าว
Copyright © 2014 Business Information Center All Rights Reserved.