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Singapore tops Myanmar's hotel industry investor list with 1.54 billion USD, followed by Vietnam with 440 million USD, and Thailand with more than 340 million USD
Last year’s new foreign hotel projects include 21 from Singapore, one from Vietnam, ten from Thailand, four from Hong Kong, three each from Japan and Malaysia, one from South Korea, three from the UK and one each from Luxembourg and the UAE. -
Myanmar's Ministry of Commerce has no plan to draw the 2015-2019 National Export Strategy again under the new government
The National Export Strategy, a framework to ensure sustainable export-led growth for the country, has included a list of potential goods which the country wants to prioritise -
Myanmar's skilled labour needs to catch up as the country integrates into the ASEAN Economic Community (Minister for Labour, Employment and Social Security)
NSSA didn’t say how much of the country’s budget will be used for the projects. German International Cooperation (GIZ) and Swiss Agency for Development and Cooperation (SDC) have been helping to implement the projects. -
Border trade between Myanmar and Thailand is flowing regularly despite protests across the country (Director General of the Directorate of Trade, Ministry of Commerce of Myanmar)
“Trade is being carried out regularly. These rumours do not harm regular trade,” said MyintKyaw at the Myawaddy border. An officer from the Mawtaung border in Tanintharyi Region said commodities were flowing as usual and furniture and oil palm were mostly exported to Thailand. -
A total of 48 companies from 12 countries invested more than 500 million USD in Thilawa Special Economic Zone from November 2014 to December 2015 (Vice President of Myanmar)
Of the three SEZ projects, the most successful and the first one that started operations is Thilawa Special Economic Zone. As part of the first phase of the Thilawa SEZ project, we are implementing a residential and a commercial area on 400 hectares of land,” said U Nyan Tun. -
Myanmar government will issue new permits for gem mining, including areas near conflict zones: application deadline is 18 January 2016
The Ministry of Mining invited applications for new permits in August 2015, with a deadline of November 16 that year. It has extended the deadline to January 18 of this year, and says permits will be issued for areas that include jade-rich Hkamti in Sagaing Region, as well as MongShu and Mawhan in Shan State. -
Myanmar's telecom tax delayed until the new government starts its term in 1 April: the 2016 tax law aims to collect 80 billion Kyat from commercial tax on mobile top-ups
“Currently, our country’s tax income only accounts for one tenth of one percent of GDP. Myanmar has very low tax revenue compared to other countries. Collection of these taxes is necessary for the upcoming government to operate well,” said U Phone MyintAung, a member of the Upper House of the parliament. -
Myanmar Investment Commission (MIC) expects on foreign investment to exceed USD 6 billion target until end of this fiscal year
MIC permitted over 130 foreign investments until December this year, and about 40 investment proposals are in the pipeline, most of them are for manufacturing sector. Meanwhile, MIC says the new government must prioritize improving the legal framework in order to create an investor friendly environment. -
Myanmar Investment Outlook: Seeking more potential for 2016
Key topics including financial eco system, local and foreign investments, stability of foreign currency, and preparations of local companies for new investment sector in the coming year. -
Export & Import value: Monthly report of the Central Statistic Organization under the Ministry of National Planning and Economic Development
According to monthly report of the Central Statistic Organization under the Ministry of National Planning and Economic Development, Myanmar’ export volume reached over 827.65 million US dollars in November of 2015-2016 fiscal year.
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