ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  The volume of Myanmar citizen investment reached K 19,000 billion including USD $ 10 billion in 11 economic sectors within 31 years

  Myanmar citizen investment volume reached K 19,000 billion including US$ 10 billion in 11 economic sectors of Myanmar within 31 years, with the most investment in real estate accounting for 22 %, according to the official statistics of the Department of Investment and Company Administration (DICA). Myanmar citizens injected K 19,155.226 billion of investment including US$ 10.381 billion into 1,617 businesses from 1988-1999 to September 30 of 2019. Myanmar citizens mainly invested in the areas of real estate, manufacturing, transport and communications, hotel and tourism, construction, industries, energy, livestock breeding and fisheries, mining, agriculture and others. Myanmar citizens injected K 4,308.717 billion including US$ 1.248 billion into 83 businesses in the real estate sector and the investment volume in real estate stayed at the top of the table, accounting for 22.49 %.
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  The Securities and Exchange Commission of Myanmar (SECM) allowed foreign nationals living in Myanmar to buy and sell on Yangon Stock Exchange (YSX) in the first phase of the process of opening up to the international market

  Foreigners living in Myanmar will be allowed to buy and sell on the Yangon Stock Exchange in the first phase of the process of opening up to the international market, according to the Securities and Exchange Commission of Myanmar (SECM). The Ministry of Finance and Planning announced an opening up in July but after discussing its concerns with the Central Bank of Myanmar, Internal Revenue Department and other ministries, the SECM has decided to start with foreign nationals living in Myanmar, commission member U Htay Chun told The Irrawaddy. “As we have allowed this, we had to consider the money foreigners would bring in and the profits they will take out. So we will start with foreign nationals living in Myanmar rather than all the foreigners,” U Htay Chun said. The SECM has sought the approval of the Attorney General’s Office to legalize foreign trading on the stock exchange with approval expected by around December, he added.
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  Myanmar and Japanese authorities discussed the potential for foreign investments in agriculture, livestock and land use in accord with the procedures

  Union Minister for Agriculture, Livestock and Irrigation Dr Aung Thu and a delegation led by Kazufumi Tanaka, managing director of the Japan External Trade Organization-JETRO, discussed potential for foreign investment in agriculture, livestock and land use in accord with the procedures. According to the ministry, a discussion is underway for Japanese companies to cooperate in investment and technology for Myanmar's agricultural and livestock development. The meeting focused on potentials for foreign investment in agriculture, livestock and land use in accord with the procedures.
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  Yangon Regional Investment Committee approved 181 investment proposals in 2019 fiscal year

  The Yangon Regional Investment Committee approved 160 foreign investment proposals with a value of over $260 million, and 21 local investment proposals with a total value of approximately K2.96 billion for the 2019 Fiscal Year, which ended on September 30, 2019. “Most of the foreign investments went into the garment sector and manufacturing sector. Investing in such industries creates a lot of jobs. A garment factory, for example, creates 200-1,000 jobs for local people,” said U Myint Thaung, Regional Minister for the Ministry of Planning and Finance, at a press briefing of the Yangon Regional Investment Committee.
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  The value of Myanmar’s maritime trade reached USD 24.76 billion between 1 October and 30 September in the 2018 – 2019 fiscal years which decreased when compared to the same period of last fiscal year

  The value of Myanmar’s maritime trade for the period between 1 October and 30 September in the 2018-2019 fiscal year totalled US$24.76 billion, a decline of over $1.9 billion compared with the year-ago period, state media reported. During the previous fiscal, maritime exports were valued at $9.76 billion, while imports were registered at $15 billion. Compared to the same period in the 2017-2018 fiscal, imports were lower by $1.35 billion, while exports registered a drop of $568 million.
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  The Smart Business Group held 5-days trade show in Myitkyina Township, Kachin State

  A five-day trade show was opened on 17 October in the City Hall of Myitkyina Township in Kachin State by the Smart Business Group. Chief Justice of Kachin State High Court U Tu Jar, State Transport, Communications and Electricity Minister U Win Nyunt, State Development Affairs Minister U Naw Li, also known as U Zat Khaung Kam Ree, and the event organizing committee chairman formally cut a ribbon to open the ceremony. Then, they visited the booths. The trade show was held for the second time in Myitkyina Township. “We convene trade shows mostly in Yangon, Mandalay, and other regions. But, we’ve found people here are interested in trade shows, and so, we convened one for the first time here in Myitkyina last April. The companies are also happy to exhibit their products at the trade show here. So, we are holding the trade show for the second time here in Myitkyina. We are showcasing products which are more suitable for this region. It took us at least one-and-a-half months’ preparation for holding this show,” said Daw Shwe Zin Win, a member of the event organizing committee from the Smart Business Group.
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  The Preparation for Myanmar Entry into the ASEAN Window: Exchanging e-Form Ds was held in Yangon

  Myanmar is ready to link into the ASEAN Single Window from National Single Window in coming November along with the trade expedition. The presentation program “Preparation for Myanmar Entry into the ASEAN Window: Exchanging e-Form Ds” took place at UMFCCI in Yangon, Thursday. The program jointly organized by Myanmar Customs Department and Department of Trade in partnership with USAID is for Myanmar’s National Single Window- Routing Platform in both export and import sectors. Through the ASEAN Single Window trade facilitation system, the platform will facilitate the electronic exchange of Form-D instead of manual system. Director, MACCS Division (Ministry of Planning & Finance), Win Thant said “By going to the electronic system from manual system, we will have quicker and more accurate excel session. And we can make easy access to the interactive information, and the whole trading process will be cheaper and effective within the member countries.”
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  Local Trade Centre in Mon State aiming to promote rubber products for starters is expected to open by the end of this year in Mawlamyine

  A local trade centre in Mon State is expected to open before the end of this year, U Phone Myint, a member of the Mon State Chamber of Commerce & Industry, told Myanmar Times. The center, which will be located in Mawlamyine, aims to promote rubber products for starters when it opens later this year, he said. “We aim to reduce to the red tape and procedures involved in the trading of rubber between buyers and farmers. This will benefit the farmers,” he said. This move is in line with the National Export Strategy to promote trade of prioritise products, including rubber, and fuel sustainable development in the Myanmar agriculture sector.
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  Myanmar Agricultural Development Bank will provide loans for eight crops with strong demand from both local and foreign markets

  The Myanmar Agricultural Development Bank will provide loans for eight types of crops with strong demand for winter crops from both local and foreign markets. The bank is already providing loans for 14 types of crops, and the additional eight types of kitchen crops will include four types of beans and four others including onions and garlics. Different types of crops include crops for consumption by humans (kitchen crops), crops for clothing, and crops for feeding animals. Crops can be anything from fruit that is grown on trees and used in commercial food sources to cotton that is grown in fields and used in the production of clothing materials. The bank will start providing the loans between October and December 2019, and borrowers must pay back the loans by September 15, 2020.
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  The volume of foreign investment from 19 countries in Thilawa SEZ reached more than USD $ 1.86 billion till September 2019

  Foreign investment volume from 19 countries in Thilawa Special Economic Zone (SEZ) reached more than US$ 1.86 billion till 2019 September with Japan topping more than 36 %, said the source from the Department of Investment and Company Administration (DICA). A total of 113 businesses from 19 countries that made foreign investments in Thilaway SEZ were US$ 1.862 billion. The investment volume of Japan was about US$ 674.488 million, accounting for 36.21 % and its investment businesses were 37. The investment volume of Singapore was US$ 650 million, accounting for more than 34 % and its investment businesses were 27.