ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Over-the-counter share prices rise ahead of Myanmar's new stock exchange launch

  The price of shares in FMI had climbed to K18,500 in early December, from K10,000 this time last year, according to the company’s website, while a broker who sells FMI shares said the market price is between K20,000 and K22,000. Shareholders have been unwilling to sell for the past few months, as the opening date for the new exchange nears, he said. “This may be because customers are trading directly, or keeping their shares until the company is re-valued,” he said. In January 2014, FMI issued 2.5 million additional shares to the public, at K10,000 each.
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  Singpore-based Sembcorp Industries signs an agreement with Myanmar's Ministry of Electric Power to build the country's largest gas-fired power plant project at Myingyan in Mandalay Region

  “Sembcrop is pleased to be embarking on this project, which is our first investment in Myanmar. It gives us a foothold to potentially develop other businesses in the country such as water and urban development,” said executive vice president Tan Cheng Guan, in a statement. The project is expected to be completed in 2018 and will supply power to Myanma Electric Power Enterprise under a 22-year power purchase agreement, guaranteed by the Ministry of Electric Power. Neither Sembcorp nor the ministry has disclosed the terms of the agreement.
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  The Yangon Public Company sells share quickly: Kyat 760 million worth shares have been sold so far

  Share sales started on November 3 and will go on until January 31, 2016. “We sold K760 million worth of our shares so far. People ask me when they will get profit from it. It is a long-term investment, but I am sure that every share owner will gain profit from this business,” Dr Maung Aung, chair of the Yangon Public Bus Company, told Myanmar Business Today.
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  Political transition heralds higher quality products in Myanmar

  Political change could be leading to lifestyle change, business sources say. They point to a new willingness to import higher-quality brands, on the grounds that the Myanmar people have voted to change the old ways for something different – something better.
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  List of 10 Yangon Stock Exchange underwriters revealed

  Ten securities companies, named below, intend to operate as underwriters for the new Yangon Stock Exchange which is due to open on December 9, The Myanmar Times has learned.
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  Myanmar government is set to receive a record USD 60 million in fees from oil contracts during the 2015-16 fiscal year

  From these oil blocks contracts, the reward money of contract for 2011-12 totalled $3.55 million, in 2012-13 it was $19.47 million, and in 2013-14 it was $7.29 million, according to Ministry of Energy data. “For inland oil blocks, the companies complete EIA/SIA survey within the first six months. When related ministries approve the project, they can start operations. They pay a ‘contract reward’ money to us before they begin operations,” U Min MinOo, secretary of the Public Relations Department of the Ministry of Energy, told Myanmar Business Today.
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  India pre-orders Myanmar's fair average quality (FAQ) mung beans with the price of USD 1,400 per tonne

  “They have pre-ordered fair average quality (FAQ) February and March Mung beans with the price of $1,400 per tonne, which is approximately K1.6-1.7 million,” said U Min KoOo, secretary of the Association.
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  An updated draft of the Public Debt Management Law has recently been submitted to the parliament's bill committee

  An updated draft of the Public Debt Management Law has recently been submitted to parliament’s bill committee. The new law is aimed at managing the country’s domestic and external debts more effectively, according to the Ministry of Finance.
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  Myanmar Plaza, built by Vietnamese property developer Hoang Anh Gia Lai (HAGL), is set to open on 5 December

  The 4,000-square-metre food court at Myanmar Plaza will offer 31 cafes, fast food, fine dining and teashops, and will be the largest in Myanmar by far. The court will have a Burmese corner, International corner and Gourmet corner.
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  Myanmar's businesses slow to adapt to improvements in internet: Consult-Myanmar Co.Ltd

  Consult Myanmar studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail.