ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  The Myanmar Investment Commission (MIC) has green-lighted a 50 million USD proposal to build an offshore oil and gas supply in Ayeyarwaddy Region

  The Myanmar In¬vestment Com¬mission (MIC) has green-lighted a $50 mil¬lion proposal to build an offshore oil and gas sup¬ply base in Ayeyarwaddy Division. The facility at Nga Yoke Kaung Bay would provide berths for construction and supply vessels, ware¬houses, cranes and lift¬ing equipment, helicopter rescue facilities and oil spill equipment and will play a crucial role in de¬veloping existing offshore oil and gas fields, such as near-by Block A-6, as well as in the exploration of fu¬ture fields. As part of the joint ven¬ture investment Myint & Associates Offshore Sup¬ply Base (M&AOSB), a subsidiary of energy ser¬vices sector company My¬int & Associates will con¬struct the facility, while MPRL E&P will handle upstream gas exploration and production.
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  As Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development

  AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on Developing Transportation Infrastructure” in Yangon on May 26 in order to discuss the opportunities and challenges in developing the country’s transport sector.
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  Kasikorn Bank is stepping up its support of small and medium-seized enterprises in Myanmar which make up more than 90% of all businesses in the country

  KASIKORNBANK is stepping up its support of small and medium-sized enterprises in Myanmar where they make up more than 90 per cent of all businesses in the country. KBank, which styles itself as a champion of small business, has been helping entrepreneurs in Myanmar over the past three years, with short training sessions focused on issues including knowledge transfer and raising awareness of business opportunities. Pattanapong Tansomboon, first senior vice president of K Bank, said in an interview that the bank was broadening its commitment to the sector.
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  Myanmar National Export Strategy was designed to fuel the country’s sustainable development through rice export promotion

  Rice is one of the major sectors prioritised by the Myanmar National Export Strategy. The Strategy was designed to fuel the country’s sustainable development through export promotion and was first launched in March 2015 under the previous administration. At one time, the country was the top rice exporter internationally until the Second World War. Subsequently, for a long period of time, with the exception of 1997 and 2001, the country was unable to export more than one million tonnes per year. From 1997 to 2001, the government entities under the Ministry of Commerce directly bought paddy from farmers and were responsible for processing rice, selling to the military and civil organisations and also exporting to other countries.
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  The Myanmar Investment Commission (MIC) expects foreign direct investment (FDI) to exceed 6 billion USD this fiscal year: FDI reached 6.649 billion USD last fiscal year

  The body responsi¬ble for handing out investment licenses to international compa¬nies says it expects for¬eign inflows to exceed $6 billion this fiscal year. The Myanmar Invest¬ment Commission’s (MIC) new target, which applies to the period from April 1st this year until the end of March 2018, is modest compared to the more than $9 billion ap¬proved in 2015/16. But FDI fell significantly in the last fiscal year to $6.6 billion, partly be¬cause the MIC took sev-eral weeks to reform after the National League for Democracy took power last April.
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  There are about 3,800 four-star and five-star hotel rooms in Yangon with occupancy rates falling by 5% since this time last year (Colliers International)

  There are about 3,800 four- and five-star hotels rooms in Yangon with occupancy rates falling by 5 per cent since this time last year, according to Colliers International. The Melia Hotel was the most recent high-quality hotel to open when last year with more due soon. The Pan-Pacific Hotel, Lotte Hotel Yangon, Pullman Yangon and Sheraton Hotel are due to open this year. About 1,300 high-quality rooms will be added.
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  Water vehicles will start serving commuters in Yangon in early June with ships and boats bought from Thailand and Australia

  Water vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar. The Yangon regional government had promised to implement a water taxi system on the Hlaing River and Nga Moe Yeik Creek. Tint Tint Myanmar won the tender to operate this system. “We applied the tender because this has been my dream since my childhood: to make a river ferry similar to that in European countries. Now I have got the chance and I will do my best,” Daw Tint Tint Lwin said.
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  The Ministry of Commerce is helping Myanmar's vegetable businessmen to get access to more loan plans through Myanmar Agricultural Development Bank

  Concerted efforts are being made by the Commerce Ministry for Myanmar’s vegetable businessmen to get access to more loan plans through Myanmar Agricultural Development Bank, according to a meeting held at UMFCCI on Tuesday with private businessmen. Apart from watermelon and muskmelon, other vegetables and fruits production has been found to be in decline in the vegetable and fruit sector. The decrease in production is attributed to the high cost of input, erratic weather conditions and insufficient capital of the farmers.
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  Stock trading on the Yangon Stock Exchange (YSX) reached its lowest value of about 1.2 billion Kyat in April 2017 when compared to monthly stock trading over the past 14 months

  Stock trading on the Yangon Stock Exchange (YSX) reached its lowest value of about Ks1.2billion in April when compared to monthly stock trading values over the past 14 months. First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and FPB are currently trading their shares on YSX. Last year, the monthly stock trading values by FMI on YSX were over Ks24 billion in March and over Ks5.8billion in April. With MTSH entering YSX on 20th May, stock trading values of FMI and MTSH amounted to over Ks16billion in May and over Ks6.8billion in June and over Ks3.7 billion in July. After MCB listed on YSX, the monthly stock trading values were over Ks2.9 billion in August, over Ks2.4 billion in September, over Ks4billion in October and over Ks2.2 billion in November.
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  The Ministry of Agriculture, Livestock and Irrigation is planning to give around 1,980 billion Kyat in agricultural loans to farmers this fiscal year

  THE Ministry of Agriculture, Livestock and Irrigation is planning to give around Ks1980 billion in agricultural loans to farmers this fiscal year, its spokesperson said. These kinds of loans will be disbursed to a target group of farmers beginning this month with a very low interest rate. Under the ministry’s scheme, rice growers will receive Ks150,000 per acre of farmland while other crop growers will be lent Ks50,000 for an acre of land, said U Myo Tint Tun, assistant secretary in the ministry.