ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Myanmar Young Entrepreneur Association launched a new portal which is called MYEA Member Portal in order to create a world class entrepreneurial ecosystem in Myanmar

  Myanmar Young Entrepreneurs Association has launched a new portal called MYEA Member Portal, which aims to connect young Myanmar entrepreneurs with the help they need to be successful. Dr. Aung Thuya, President of MYEA, attended the launching event and said: “Members will get priceless benefits such as new business connections and networks, mentorship training, entrepreneurial training, as well as inspiration for their businesses.” He also invited other entrepreneurs to join the association and sign up the MYEA Facebook Workplace, and MYEA Member Portal www.myea.org.mm to build continuous connection. MYEA was formed to create a world class entrepreneurial ecosystem in Myanmar that facilitates startups and innovative and creative entrepreneurs.
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  The value of stocks traded on the Yangon Stock Exchange (YSX) in August 2019 reached the highest level of USD $ 1.9 billion

  The value of stocks traded on the Yangon Stock Exchange (YSX) hit the highest level of US$1.9 billion this year in August, according to the monthly report of the YSX. A total of 322,176 shares were traded on the exchange during the month. At present, shares of five listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), and TMH Telecom Public Co. Ltd. — are being traded on the stock exchange. In January, 89,576 shares worth K526 million were traded on the exchange, and the trade value slid to K409 million and K396 million in February and March, respectively, as share prices dipped.
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  The authority will issue the official invitation tender to build the two-lane Dawei – Kanchanaburi road project soon

  An invitation to tender for the project to build the two-lane Dawei-Kanchanaburi road will be issued soon, says an official for the Dawei Special Economic Zone Management Committee. “As the road project is a major component of the special economic zone (SEZ), we hope to start work on its construction as soon as possible,” said Dawei Special Economic Zone Management Committee Secretary U Tint Tun Naing. An eight-month study on the possible impacts of the road project has already been carried out and its results made public. The project will be implemented as soon as possible after an agreement for a loan is signed with Thailand, U Tint Tun Naing said. He said that the project involves the upgrading of an existing dirt road and that the Pyidaungsu Hluttaw (Assembly of the Union) has approved the acceptance of the loan for the project which Thailand has agreed to provide, adding that the agreement for the loan is expected to be signed soon.
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  Ministry of Planning and Finance signed the loan agreements with Export – Import Bank of Korea for the establishment of e-Government Integrated Data Center – eGIDC

  The Ministry of Planning and Finance signed loan agreements with Export-Import Bank of Korea yesterday morning. Under the Economic Development Cooperation Fund (EDCF), the bank loaned US$93.779 million for the establishment of e-Government Integrated Data Center-eGIDC that will be supervised by the Department of Information Technology and Cyber Security under the Ministry of Transport and Communications, and $61.816 million for infrastructural development outside Korea-Myanmar Industrial Complex (KMIC) which will be implemented by the Department of Urban and Housing Development, Ministry of Construction. Daw Si Si Pyone, the Director-General of Treasury Department under the MoPF, and Mr Um Sung Yong, Director General of Export-Import Bank of Korea, signed the agreements. The two packages of loan were received with 0.01 per cent annual interest rate under the $ 1 billion loan programme of EDCF, plus 0.1 per cent for service charge to be paid only when the loans were settled. The 40-year loans could enjoy 15 years grace period before starting a settlement in 25 years.
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  Chinese investors proposed a Myanmar – China Industrial Zone to be implemented in Myanmar

  Chinese investors have proposed a Myanmar-China industrial zone to be implemented in Myanmar, according to U Zaw Min Win, President of the Union of Myanmar Federation of the Chamber of Commerce and Industry (UMFCCI), at the monthly regular meeting between the Vice President of Myanmar and local business leaders. “They have completed such zones in other countries. Therefore, we are ready to welcome responsible businesses,” he added. Chines investors have made investments in the garment sector in Myanmar, a labor intensive process.
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  Myanmar’s export value of fisheries products to Bangladesh via Maungdaw border trade reached over USD $ 700,000 in August 2019

  Myanmar exports freshwater fish, various kinds of dried fish and ginger to Bangladesh through Maungdaw border trade and the value of export in August reached over US$700,000, according to the Directorate of Maungdaw Border Trade Camp. Meanwhile, import value of last month amounted to US$2,000. "In August trade value amounted to US$0.739 million. Major export items are wet ginger, chickpea and fishes such as carp and various kinds of dried fish. In late August, commodity flow decreased. Due to poor road transport, we had to export in small cars. We could not use cold storage cars and trucks. If road transport is better, we will have regular trade," said Tha Tun Sein, camp in charge.
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  The Central Bank of Myanmar (CBM) issued a Statement on the rules and regulations which will be necessary to be stable in banking service and financial sector

  The Central Bank of Myanmar issued a statement on Monday. The Statement said that the Central bank of Myanmar is issuing rules and regulations necessary for the banks to be compatible with international norms and to be stable in banking service and financial sector. The fact that was answered by the Deputy Governor of the Central Bank of Myanmar at the 2nd Pyithu Hluttaw 13th Regular session on 27th August was not fully suitable with the stance of the Central Bank of Myanmar. The Central Bank of Myanmar will continue to make meetings and coordination between the current banks and entrepreneurs.
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  Ministry of Commerce is trying to promote an online application for import/export permits system which call Trade Net 2.0 in order to transfer Myanmar’s trade sector development

  The Ministry of Commerce said they are now developing a system to provide an online application for import/export permits. The system will be called Trade Net 2.0. “Since we are going online, we a needed budget. We requested USAID for the required funds, and thankfully they agreed to provide them,” said U Min Min, Director General of Trade Department under the Ministry of Commerce. The Ministry relaxed the procedures for import/export permit applications after negotiating with other related ministries. Trade Net 2.0 began development in 2018, and is expected to launch next year. It was implemented with the goal of supporting the country’s effort to build a national single-window system for trade.
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  UMFCCI and China Council for the Promotion of International Trade (CCPIT) Hainan Sub-Council signed a MOU to increase Myanmar-China long term relationship, economic cooperation, investment and trade by creating an economic platform

  The MOU aims to increase Myanmar-China long term relationship, economic cooperation, investment and trade by creating an economic platform as well as conducting technology exchanges. In addition to this the MOU includes conducting business meetings, exchange visits of business representatives, exchange of news, information and business opportunities.
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  Local and foreign investors keen their interest in managing and distributing water system in Yangon Region

  Investors are showing keen interest in managing and distributing water in Yangon, with a total of 32 local and foreign companies having submitted expressions of interest (EOI) for the job since August 28, when the Yangon City Development Committee (YCDC) first announced its privatisation plans. The private sector has until October 28 to submit EOIs, after a tender process will be held. Yangon mayor U Maung Maung Soe said the YCDC has been facing difficulties preventing water wastage and lacks the manpower required to prevent illegal tapping of water from the city’s pipelines, which is then repackaged and sold for higher prices in various municipalities, resulting in losses for the city. As such, the city has opted to allow private companies to manage the supply and distribution of water in Yangon. U Maung Maung Soe added that a ceiling price will be fixed to prevent water from becoming overly expensive.