ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  CMP businesses imported raw materials worth over $ 160 million in one month of this fiscal year which exceeded over USD $ 12 million when compared to the same period of last fiscal year

  CMP businesses have imported raw materials worth over US$160 million over a month this fiscal year that started in October 1, exceeding over US$12 million compared to the same period of last fiscal year, according to data from the Ministry of Commerce. From October 1 to 25 in the current 2019-2020 fiscal year, CMP raw materials worth US$160.748 million while the amount of last year was US$148.588 million. So, this year's amount exceeded US$12.160 million.
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  U Thant Sin Lwin refuted a report of South Korean investors plan to pull out their investment from Myanmar and invest in Bangladesh untrue

  South Korean businesses in Myanmar will not be moving their operations to Bangladesh, U Thant Sin Lwin, secretary of the Myanmar Investment Commission (MIC), said on Wednesday. Based on statements by the Bangladesh Economic Zone Authority (BEZA) and Korea Industrial Complex Co Ltd (KIC), Bangladeshi news dailies recently reported that South Korean businesses invested in Myanmar wanted to move to Bangladesh. “There are no cases at all of South Korean investors returning MIC permits and moving out of Myanmar. In fact, interest among South Korean investors in Myanmar has been mounting,” U Thant Sin Lwin said. According to Bangladeshi papers, about 100 South Korean businesses in Myanmar wanted to move to Bangladesh due to shortcomings in industrial zones in the country. The newspapers appeared to be quoting a news source from the Bangladesh Economic Zone Authority (BEZA). The Bangladeshi news reports stated that Korea Industrial Complex Co Ltd (KIC), which is working on industrial zones of Myanmar, will establish such zones in Bangladesh.
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  Myanmar seized around K 15 billion worth illegal imports in 13 months from the beginning of September 2018 until the end of September 2019

  Myanmar has seized a total of K14.6145 billion worth illegal goods in 13 months, from the beginning of September 2018 until the end of September 2019, according to U Myint Swe, Vice President of Myanmar. “Actually, the amount is quite small. We are now working on measures to effectively control illegal imports,” he stated during his monthly meeting with local businessmen on October 19. Due to illegal imports, local small and medium enterprises are struggling to survive as they cannot compete with the imported goods in terms of price. Recently, the government has formed nine special task teams comprising intergovernmental agencies.
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  Muse Economic Zone will be started an implementation after signing the framework agreement with China

  Muse economic zone, one of three Myanmar-China economic cooperation zones, will start an implementation after signing the framework agreement by China, said Deputy Minister Aung Htoo of the Ministry of Commerce. “China side is ready to do. Out of three zones, we will start Muse economic zone. The framework agreement has been sent to China for signing. If they agree it, we will start between Kyegaung and Hosaung in Muse. All of us are ready to do. Kyegaung has been already fenced but Hosaung has not been fenced. It will take three months. If the framework agreement is signed, we will start implementation,” said Deputy Minister Aung Htoo. In the establishment of Myanmar-China border economic cooperation, it is required to respect the line of demarcation of Myanmar and China. For not losing any territory is of great importance, said Union Minister Dr. Than Myint of the Ministry of Commerce.
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  Japanese investors are keen to do business for the development of Tanintharyi Region including Dawei Special Economic Zone (SEZ)

  YANGON- Japan is keen on businesses for the development of the whole Taninthayi Region including Dawei Special Economic Zone (SEZ) and are now carrying out research into the project, says Aung Htoo, Deputy Minister of Commerce. Despite plans that have been in development regarding the implementation of Dawei SEZ over a decade ago, it was delayed. Among the extant SEZs in Myanmar, Thilawa SEZ see the most development and is being implemented together with the Japanese government.
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  Myanmar Nautical Association (MNA) organized the 2 Day Second “Maritime Conference Myanmar 2019” in Yangon in order to promote and showcase new and upcoming market potentials of human and technical resources in the maritime industry

  The 2-day Second "Maritime Conference Myanmar 2019" began on Wednesday in Yangon. Organized by Myanmar Nautical Association (MNA), the conference is supported by the Department of Marine Administration (DMA). The Conference aims to set benchmarks with unrivalled information, to promote peer to peer networking and to showcase new and upcoming market potentials of human and technical resources in the maritime industry, which are in line with the Sustainable Development Goals and the key objectives of the Government.
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  CB Life Insurance will focus on innovative products and services to create better lives for the Myanmar people

  Citizen Business Insurance (CB Insurance) and Thailand-based Thai Life Insurance together announced the name of their joint-venture insurance company, CB Life Insurance, to offer life insurance products to the Myanmar market. On Tuesday the two companies stated that CB Life Insurance marks a milestones in a business alliance that will be a leading life-insurance provider in Myanmar. The newly formed CB Life Insurance says it aims to contribute to society through innovative products and services to create better lives for the people of Myanmar. “The strategic alliance will make CB Life stronger and will bring in much needed insurance expertise and know-how to Myanmar”, said CB Life Insurance Chair U Khin Maung Aye.
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  Ministry of Electricity and Energy (MOEE) signed the power purchase agreement with joint venture Electric Power Generation Enterprise and the Kyauk Phyu Electric Power Co., Ltd

  Union Minister for Electricity and Energy U Win Khaing yesterday attended a signing ceremony of power purchase agreement between the Electric Power Generation Enterprise and the Kyauk Phyu Electric Power Co Ltd, which is a joint-venture Chinese company in BOT system with Myanmar. The ceremony was held at the ministry in Nay Pyi Taw, and Union Minister U Win Khaing explained the annual increasing demand for electricity and possible supplies from the planned projects. Under the agreement, the ministry will purchase electricity from the Kyauk Phyu 135-MW Combined Cycle Power Plant of Kyauk Phyu Electric Power Co Ltd, which is one of the four projects to which the notice of proceed was awarded to begin the works in 2018, and to generate 3,111 MW on completion.
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  Myanmar Fishery Federation called Government to ban the practice of mixed fish breeding in Myanmar

  Myanmar Fishery Federation has urged the government to ban the practice of mixed fish farming. Fish farms in Myanmar often breed fish in a pond with a poultry farm above it. “If a breeder wants to breed poultry, that is fine, we won’t stop them. However, we can’t allow the practice of poultry farms and fish farms being carried out together on a single premise. If the government, when issuing a fish breeding license, includes a ban on mixed fish breeding practices, then those practices will disappear,” said Dr. Toe Nandar Tin, Vice Senior President of Myanmar Fishery Federation. Building a poultry farm above a fish farm is not in line with good aquaculture practices, antibiotics fed to chickens are often found in the fish as they feed on the feces of the chickens.
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  Investors from the China, Thailand, Korea and Japan expressed their interests to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi Region

  Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border. Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and Thailand agreed to speed up development of the SEZ during the 9th Myanmar – Thailand Joint Coordinating Committee meeting last month. “Power companies from China, steel firms from Thailand and logistics firms from South Korea have said they want to make site visits as they are interested to invest,” said U Myint San, vice chair of Dawei SEZ Management Committee. Although official invitations have yet to be sent out, China’s V Power, which will import liquefied natural gas (LNG) into the country next year, has voiced interest in the SEZ, as has China National Technical Import and Export Corp (CNTIC), which is also interested in selling LNG to Myanmar and its neighbours.