ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Myanmar Fisheries Federation will request the upcoming government to focus on the development of fishery sector

  Vietnam earns $9 billion yearly from fishery sector and Thailand earns $8 billion yearly, a great deal more than Myanmar’s $400 million.
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  Myanmar Oil and Gas Enterprise (MOGE) says a joint venture with foreign companies for importation, storage, distribution and sale of petroleum products will be implemented in March

  The tender for the joint venture with Myanmar Oil and Gas Enterprise (MOGE) was called from July to September and 14 foreign firms bought the application form, the Ministry said.
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  Singapore Myanmar Investco (SMI) has signed a deal with local firm Royal Golden Sky Company to provide merchandising, management and consultancy service for the duty-free retail space at the upcoming Terminal 2 of Yangon International Airport

  The Singapore-listed firm’s wholly-owned subsidiary, SMI Retail Pte Ltd, entered into the agreement covering duty-free, retail and F&B outlets at the new terminal for an initial period of five years, starting March 2016.
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  Myanmar earns over USD 820 million from mineral exports in the first eight month of this fiscal year, which is USD 316 million less than that of the previous year: Ministry of Commerce

  The Ministry of Mines’ scrutinising and supervising committee for mining licences allows mining companies in Mongshu, Namyar, Kandi, Mohnyin and Maw Lu Maw Han areas in accordance with mining laws.
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  Myanmar Thilawa SEZ Holdings to pay a shareholder dividend, at 20% per share

  Along with First Myanmar Investment (FMI), First Private Bank Limited, Great Hor Kham Public, Myanmar Agribusiness Public Corporation (MAPCO)and Myanmar Citizens Bank, Myanmar Thilawa SEZ Holdings Public, is one of only six companies expected to be listed on the Yangon Stock Exchange. Though the exchange opened on December 9, it is expected to start trading only in February or March next year, according to the Myanmar Securities Exchange Supervisory Commission.
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  Kan Pike Tee border trading station in Kachin State will be closed indefinitely to the import of vehicles and machines: The Ministry of Commerce

  A high volume of vehicles and machines are imported for use in the jade mining areas in Hpakanttownship, and are checked for their legality at Kan Pike Tee border trading station, which was closed on the evening of December 17.
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  Japan and the Asian Development Bank (ADB) to fund a USD 3 million project that aims to boost incomes and opportunities for small businesses in four townships in Mon State

  “Many young Mon people are going to Thailand to look for jobs as we have a lack of job vacancies here. If this aid can assist local businesses, it will be good for our state,” he said. “Some small businesses can’t continue long as they need micro finance. They can’t take loans from banks so, if this aid can help them, they will be able to continue their work.”
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  Myanmar's Union Minister for Finance introduces the 2016 tax law into PyidaungsuHluttaw which is expected to generate Kyat 6,218.329 billion in revenue, including Kyat 80 billion from mobile phone top-ups

  More than K6 trillion (US$4.57 billion) will be raised next year in taxes, announced finance minister U Win Shein on December 15. The Union minister was introducing the 2016 tax law into PyidaungsuHluttaw.
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  Traders smuggling rice and paddy out of the country to China will be identified and punished: Myanmar's Minister for Commerce

  “News is spreading that paddy is being smuggled across the border. The great number of vehicles passing through Muse makes it difficult to check them all, but people taking advantage of this to take paddy out of the country will be found and prosecuted,” U Win Myint said.
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  International Finance Corporation (IFC) makes a USD 1.2 million equity investment in micro-finance provider Fullerton Finance (Myanmar) Co., Ltd to help finance smaller businesses and individual borrowers

  Established in 2014, Fullerton Myanmar serves micro, small, and medium enterprises (MSME) through branches located in Yangon, Ayeyarwaddy and Mandalay regions. The company, headquartered in Yangon’s Thaketatownship, runs a dual urban and rural microfinance program and aims to grow its customer base 20-fold from 10,000 to 200,000 by 2021.