ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Japan International Cooperation Agency (JICA) will provide two step loans over K 105 billion to states and regions in two years from July 21, 2017 to July 2019

  Over K105 billion in JICA (Japan International Cooperation Agency) two-step loans were provided as agricultural and rural development loans to various regions and states in two years from July 21, 2017 to July 2019, according to Myanma Agricultural Development Bank. Among those regions and states, Ayeyawady Region received nearly K28 billion, the largest loan. Bago Region received K24 billion, Shan State over K10 billion, Yangon Region K5.5 billion, Rakhine State over K50 million, Mon State K4.1 billion, Mandalay Region over K13.8 billion, Magway Region K2.2 billion, Taninthayi Region over K1.7 billion, Sagaing Region K9.2 billion, Kayin State over K239 million, Kayah State K2.6 billion, Kachin State K1.787 billion, and Nay Pyi Taw K2.56 billion.
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  The 29th regular meeting of Private Sector Development Committee with entrepreneurs was held in Yangon

  The 29th Regular Meeting of Private Sector Development Committee with entrepreneurs was held at UMFCCI in Yangon on Saturday. Chairman of the Committee Vice President U Myint Swe attended the meeting and gave remarks. The Vice President pointed out that the committee has solved 353 points reported by the entrepreneurs through UMFCCI since the beginning of the regular meetings with entrepreneurs. He stressed that trade sector plays a major role for the development of country. There are 1,779 foreign enterprises and 1,605 domestic enterprises permitted till the end of July 2019. There is 18 % increase in CMD business export sector; fishery export sector reached 720 million USD till the 30th of March 2019; and 20% increase in tourism sector.
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  LexisNexis signed a Memorandum of Understanding (MOU) with the Yangon Regional Government to help develop property data system for Myanmar’s commercial capital

  The Yangon regional government on Wednesday signed a memorandum of understanding (MOU) with LexisNexis Southeast Asia, a provider of information analytics, to help set up a reliable housing and real estate information system (HREIS) for Myanmar’s commercial capital. According to the regional government, LexisNexis will carry out the initial analysis for the HREIS, the first step in a four-part process that will also include conducting a tender process, setting up the HREIS, and maintaining the system. The HREIS will help the government lay down effective real estate tax policies, make market predictions and draw up the city’s future development plans, the regional government said. Based in the US, LexisNexis provides information analytics to law firms, corporations, governments and academic institutions globally.
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  Myanmar earned over USD $ 3 billion by exporting gas to Thailand and China between October 2018 and August 2019

  Myanmar has earned over $3 billion by exporting gas to Thailand and China between October 2018 and August 2019, which represents the first ten months of 2019 Fiscal Year, according to the Ministry of Commerce. “This year’s total revenue exceeds that of the same period last Fiscal Year by $100 million despite the lower quantity exported. This increase in revenue is due to the higher price of gas,” said U Khin Maung Lwin, Deputy Permanent Secretary of the Ministry of Commerce. Myanmar earned over $1.5 billion from exporting gas to China, and another $1.6 billion from gas exports to Thailand. This total is $113 billion higher than the previous fiscal year.
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  The traders seek to get more regional export markets via Thailand

  Myanmar should consider exporting agriculture products such as rice, nuts, beans and nuts to Malaysia via Thailand, said Daw Thin Thin Myat, chair of Myawaddy Border Traders Association. Currently, these products are being exported only to Laos and Vietnam via Thailand. The government does not have an agreement with the Malaysian government, but one should be explored to extend the reach of Myanmar’s overland exports via Thailand, she said at the latest meeting between the government and Private Sector Development Committee.
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  Tamu Merchants Association proposed a plan to establish an economic zone in Tamu, Sagaing Region near the Myanmar-India

  Tamu Merchants Association has submitted a plan to establish an economic zone in Tamu, Sagaing Region near the Myanmar-India, said its chair Hla Maung. It was proposed at the 29th monthly regular meeting between the private sector development committee and local entrepreneurs, on August 24. “Now the Indian government is upgrading Kalewa-Yargyi-Monywa road. It is a highway for Myanmar as well as an international highway that connects Thailand-Myanmar-India. That part of the highway is being upgraded, spending millions of money as Tamu is the ASEAN’s gateway. So we propose this plan.” “Tamu is the single place that has gained the upper hand in the border trade for exports. Myanmar mainly exports betel nut and green peas. Merchants temporarily build around 40 to 50 warehouses on the State-owned land. They have to store their goods there and export them. It is not impossible in the long-term,” he added.
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  In collaboration with Korea-Myanmar Research Association (KOMYRA), UMFCCI designed the very first program of the Global Banking Expert Program to expand the global capabilities of Myanmar financial experts

  Global Banking Expert Program began on Saturday at UMFCCI in Yangon with 65 personnel from banking industry. The Global Banking Expert Program is the very first program designed by UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry) and KOMYRA (Korea-Myanmar Research Association) to expand the global capabilities of Myanmar financial experts. KOMYRA was founded in 2013 with the purpose to expand the cooperation between Myanmar and Korea through education. It consists of professors, researchers, corporate executives and government officials. Vice President, Korea-Myanmar Research Association, Prof. Dr. Yongjun Choi said “Today’s event intends to promote the capacity building of the staff from banking industry. We, KOMYRA, signed MoU with UMFCCI last year and this program will last for four weeks. We are going to discuss and share experiences on currency, trading and banking among the attendees and experts. As human resource development is extremely important, education and training are literally needed for the country’s development.”
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  Myanmar Citizens Bank (MCB) and International Finance Corporation (IFC) signed an agreement for upgrading banking services

  The International Finance Corporation (IFC) signed an agreement to act as a consultant for Myanmar Citizens Bank (MCB) at the Yangon Stock Exchange on August 14. The move doesn't come as a surprise. The ongoing reforms to the country’s financial sector, being directed by the Central Bank of Myanmar, is putting increased pressure on local banks to quickly improve their services or risk losing customers to foreign banks. The IFC’s experience with finance and international banking will help MCB improve its banking systems and practices in order to provide better banking services to customers. The IFC will provide consultation services to MCB during their reforms which will help the bank to realize its goals.
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  Italian Company granted permission to develop a hotel project which worth USD $ 3.2 million in Kawthoung district, Tanintharyi Region

  An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint venture – Myanmar Green Century – with a local company, DICA’s director U Kyaw Win Tun told The Myanmar Times. Myanmar Green Century will build a hotel across 6.8 hectares of land on Kyun Mei Gyi island in Bokepyin township in Kawthoung, he said.
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  Construction Housing & Infrastructure Development (CHID) Bank opened its new branch in Dagon Seikkan at Yuzana Housing in Dagon Seikkan Township

  The Construction Housing & Infrastructure Development (CHID) Bank opened its Dagon Seikkan Branch at Yuzana Housing in Dagon Seikkan Township, Yangon, Saturday. Union Minister for Construction formally opened Dagon Seikkan Branch of CHID Bank. At the event, Union Minister for Construction U Han Zaw said that CHID would implement effectively construction, urban and housing sectors as well as basic infrastructure development tasks in the nation and banking and financial services. The strong point of the bank is that the loan system for housing and basic infrastructure development could be carried out with the long-term disbursement loans. According to ODA Loan (Two-step Loan) program of Japan, the housing mortgage Loans have been disbursed with affordable interest rate for occupying houses by low-income people.