ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Myanmar’s onion exporting to Bangladesh from Maungdaw border trade declined and exported more than 1,000 tons in November 2019

  Myanmar is exporting more onion to Bangladesh from Maungdaw border trade though onion prices in Bangladesh are declined and more than 1,000 tons of onions were exported in November, according to office of director of the Maungdaw border trade. Myanmar exported over US$1.1 million worth of 1,074 tons of onions to Bangladesh during November and it is one of the products which exported most. Although Myanmar exported up to 1,175 tons of onions worth over US$690,000 to Bangladesh in October, the export amount in November is reduced to about 100 tons in compared with the export amount in October as market price of onion from Myanmar in Bangladesh is declined.
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  Shan State government emphasized on developing agriculture over tourism as it has huge potential to become an agricultural powerhouse in Myanmar and the region

  It’s common to see roads in Shan State full of trucks loaded with vegetables. The state produces 60 percent of all vegetables consumed within the country. Some of the crops are even exported to neighbouring countries. The state government now says that it is making moves to place more emphasis on developing agriculture over tourism as Shan has the potential to become an agricultural powerhouse in Myanmar and the region. “Agriculture is one of the main resources of the state, which has plenty of land and climate that is suitable for various crops. Produce from Shan is sought after in both domestic and overseas markets. All this means there is a lot of potential for investors to explore in Shan’s agriculture sector,” Shan State Minister for Planning and Finance U Soe Nyunt Lwin.
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  The Foreign Direct Investment (FDI) inflows into Myanmar surged in current fiscal year

  The Myanmar Investment Commission (MIC) approved41 foreign investment projects worth over US$ 1.3 billion from 1 October to 30Novemberthis year, an increase of more than US$ 900 million when compared to the same period last year, according to the figures from the Directorate of Investment and Company Administration under the Ministry of Investment and Foreign Economic Relations. The permitted foreign investment projects are expected to create up to 20,000 job opportunities for Myanmar citizens.“The foreign investment projects approved by the MIC from 1 October to 30 November this year under the Special Economic Zone Law reached US$ 1377.426 million, said U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). The MIC gave the green light to 34 foreign investment projects valued at more than US$ 465 million during the same period in the fiscal year 2018-2019. The increase in foreign direct investment into Myanmar attributes to massive influx of foreign investment into the Southeast Asian country, the Director-General added.“Company registration system in Myanmar has improved as compared to previously introduced scheme.
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  Hong Kong based company V Power set its investment worth USD $ 500 million in power generation and distribution in Rakhine State and Yangon Region

  Hong Kong-based V-Power is set to invest $500 million in power generation and distribution in Kyauk Phyu Township, Rakhine State and Thaketa Township, Yangon Region. “Their proposal says they will build a power plant as soon as possible, but they have yet to provide a time frame,” said U Thant Sin Lwin, Deputy Director General of the Directorate of Investment and Company Administration (DICA). The proposed projects include the construction of a $363 million, 400-megawatt power plant by NTIC V Power YG1 Limited and a $140 million, 150-megawatt plant by CNTIC V Power KY3 Limited. Both companies are subsidiaries of V Power Group Holding Limited.
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  Asian Development Bank (ADB) and EU granted USD $ 26 million technical assistance to improve local education in Myanmar

  The Asian Development Bank (ADB) and the European Union (EU) have announced that they are preparing a US$26 million technical assistance grant to support reforms that will improve the quality and relevance of secondary education and technical and vocational education and training (TVET) programmes in Myanmar. The grant will complement ADB’s ongoing support for Myanmar’s education sector, which includes the Equipping Youth for Employment (EYE) Project approved in 2016 to strengthen the country’s education, while promoting inclusive growth and job creation. The project is focusing on improving the country’s secondary education curriculum and teaching quality to help equip graduates with the necessary knowledge and skills demanded by the emerging job market.
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  Myanmar Livestock Federation (MLF) urged government to suspend importation of live pig and pork products in order to reduce losses of local pig breeders

  THE Myanmar Livestock Federation (MLF) has asked the government to temporarily restrict the importation of live pig and pork products as a preventive measure against African Swine Fever (ASF) and to reduce losses of local pig breeders. The request was made at the 31st regular meeting of entrepreneurs with the Private Sector Development Committee, led by Vice President U Myint Swe, which was held on 8 December at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. At the meeting, Dr Mya Han, chair of the MLF, and U Aung Soe Min Kyaw, secretary of the Myanmar Pig Breeders Association, also forwarded requests for provision of technical and financial aid to local breeders, and grant of land permits, and sought help to establish a stable market and purchase purebred GGP-GP animals. They also urged the government to strictly clamp down on illegal imports of live pig and pork products through the border gates and international airports.
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  The 31st regular meeting of Private Sector Development Committee with entrepreneurs was held in Yangon

  The 31st regular meeting of private sector development committee with entrepreneurs was held at UMFCCI in Yangon on Sunday with an opening speech by Vice President U Myint Swe. Chairman of the Private Sector Development Committee, the Vice President pointed out that the committee is endeavoring to raise the ranking of the ease of doing business indicators. It is important for the relevant ministers to lessen difficulties and obstacles for the private sector development, he stressed. The trade volume has reached 35.02 billion USD for 2018-2019 fiscal year - 2.472 billion USD in the private sector out of the 3.03 billion USD in October. Actions were taken against 1,065 illegal trade cases worth about 15 billion USD in 2019. Vice President, The Republic of the Union of Myanmar, H.E. Myint Swe said “The government has been working for private sector development since 2016 by forming 5 working committees. The Private Sector Development Committee is also carrying out Public-Private Dialogue with ministries and entrepreneurs. The committee is also making efforts for promotion of the Ease of Doing Business Ranking.”
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  Tanintharyi Region Government offered good potential investment in hotels and tourism, agriculture and livestock, fisheries, power, mining and real estate

  The Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy. This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of similar events held in Kachin and Mon over the last several weeks. Tanintharyi located in the south of Myanmar bordering the Andaman Sea to the west and Thailand, to the east is famous for the many islands off its coast. Tanintharyi Chief Minister U Myint Maung said during the forum that hotels and tourism, agriculture and livestock, fisheries, power, mining, real estate, and Dawei Special Economic Zone offer good opportunities for investors both local and foreign.
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  The Media Workshop for Myanmar Capital Market workshop in order to promote public awareness through media for update information

  The Media Workshop for Myanmar Capital Market was held at the Yangon Stock Exchange (YSX) Seminar Room in Yangon on Thursday. The workshop was jointly organized by Securities and Exchange Commission of Myanmar (SECM), Yangon Stock Exchange (YSX) and Myanmar Journalism Institute (MJI) aiming to promote public awareness through media for update information. At the workshop, the definitions and procedures of Capital Market in Myanmar were presented by the officials of Securities and Exchange Commission of Myanmar.
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  The investors are mostly focusing on real estate and power generation sectors in Myanmar in months of October and November

  Real estate and power became the sectors most focused on by investors in the months of October of November, the Directorate of Investment and Company Administration (DICA) has revealed. In the first two months of the 2019-20 fiscal year that began on October 1, the Myanmar Investment Commission approved 41 investments totalling US$1.3 billion (K1.9 trillion), DICA statistics show. DICA said the figure is triple the total of US$465 million for the same period a year ago, indicating increased interest in Myanmar from foreign investors. The bulk of the investments so far this year, some US$1.2 billion, has gone into real estate and power generation.