ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Japanese engineering firm MIRAIT Technologies Corporation has established a local subsidiary, with a paid up capital of 20 million USD, in Myanmar

  Japanese engineering firm MIRAIT Technologies Corporation has established a local subsidiary in Myanmar in a bid to expand its business in the Asia Pacific region. The paid up capital for the new subsidiary is $20 million, the company said in a statement. The new subsidiary, which will engage in construction work expansion for mobile communication equipment, will employ 100 people.
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  The first phase of a new airport terminal in Yangon opens: it will be capable of hosting up to 200 million passengers per year when it is complete, and US fast-food chain Kentucky Fried Chicken (KFC) has become the first international restaurant to open in the new space

  Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete, with US fast-food chain Kentucky Fried Chicken the first international restaurant confirmed to open in the new space.
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  Myanmar's Ministry of Electric Power (MOEP) signs a memorandum of agreement (MoA) with China Three Gorges Corporation for a wind turbine project in Chaungtha area of Ayeyarwady Region, which will generate 30 megawatts of electricity

  There are 10 project areas in Chin State with the potential to generate a total of 1472MW, 10 in Rakhine state with the potential for 1484MW, five project areas in Ayeyarwady region with the potential for 478MW and two in Yangon region with the potential for 274MW, according to the MOEP.
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  Four more foreign banks: the Bank of Investment and Development of Vietnam, E.SUN Commercial Bank from Taiwan, South Korea's Shinhan Bank and the State Bank of India, were granted preliminary approval to prepare for banking operations in Myanmar

  The four new banks that have been given initial approval are Vietnam's Bank for Investment and Development, Taiwan's E.SUN Commercial Bank, South Korea's Shinhan Bank and the State Bank of India, the Global New Light of Myanmar said, quoting the Central Bank of Myanmar. A total of 13 foreign banks have now been given permission to operate inside the Southeast Asian nation.
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  Announcement regarding Award of a Foreign Bank License in the Republic of the Union of Myanmar

  Central Bank of Myanmar awards preliminary approval of foreign bank licenses to following 4 new banks from Vietnam, Taiwan, South Korea and India.
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  Diversification of trade partners is important for Myanmar's rice export: over 90 percent of Myanmar's rice trade is done via border trade with China (Myanmar Rice Federation)

  Myanmar rice exports are up 93 percent from 2008 with most of the gains attributed from trade with the Chinese market, but such heavy reliance on its northern neighbour could become disastrous. This sentiment was disclosed at the annual general meeting of the Myanmar Rice Federation (MRF) and a workshop on the development of Myanmar rice sector.
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  Myanmar's revenue from fishery exports in the 2015-16 fiscal year will be lower than the previous year: earnings from fishery exports last fiscal year was more than 482 million USD (Myanmar Fishery Federation - MFF)

  According to MFF statistics, in 2015-16 fiscal year until January 31 export of fishery products stood at $372 million. By March 31, when the current fiscal year finishes, the figure could reach about $450 million. “The earning from fishery export of the previous year was more than $482 million. For this fiscal year, even if the potential earning from the remaining two months is added, it might not reach the amount earned last fiscal year. Export revenue will surely decrease this year,” Myanmar Fishery Federation Chairman U Han Tun said.
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  Myanmar's Ministry of Hotels and Tourism implements five community-based tourism (CBT) projects

  The project areas include the Pa-O Self-Administered Zone in Shan State, Indawgyi Lake in Kachin State, Thantaunggyi in Kayin State, the Ayeyawady dolphin sanctuary in Mandalay Region and Demawso in Kayah State.
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  Land price in Kyaukphyu special economic zone (SEZ) shoot up due to strong demand from local business people: average price of farming land per acre rose from 2-5 million Kyat until November 2015 to 4-8 million Kyat

  Average price of farming land per acre until November 2015 ranged from K2-5 million, but now it ranges from K4-8 million, with most of the buyers being local businesspeople.
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  New concessions to explore gem-rich areas in upper Myanmar will not be granted until by-laws to the Myanmar Gemstones Law have been passed, which is unlikely to happen under the outgoing government (Ministry of Mines)

  The ministry asked local companies to submit applications to explore mining blocks in Kachin State, Shan State and Sagaing Region in August last year. The deadline for applications – initially November 2015 – was extended to January 18 to allow companies to prepare the necessary documentation.