ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

• 

  Myanmar government has presented its long-awaited economic policy, highlighting the importance of developing a market-oriented system in all sectors and establishing an economic framework in support of national reconciliation

  On July 29, DawAung San SuuKyi presented the policy to diplomats, businesspeople and donors. Most reporters were told to wait outside, but a 12-point summary was passed to members of the media after the event. A longer English-language document seen by The Myanmar Times elaborates on some of the key points.
• 

  Myanmar Agriculture and General Development Public Limited (MAGDPL) plans to construct a jetty in Zone No. 29 of the Thilawa Special Economic Zone (SEZ) for agricultural commodities trade

  The project budget is estimated at approximately $428 million and the company expects to recoup costs through jetty-run businesses depending on commodity items and quantity
• 

  India is looking to import pulses from Myanmar and African nations to counter a domestic shortfall of 7.6 million tonnes that has driven local prices of key pulses like chickpea to a record high (Union Minister for Consumer Affairs, Food and Public Distribution of India)

  India consumes nearly 22 million tonnes of pulses annually, but relies heavily on imports to meet demand as production has been hit by uncertain monsoons and irrigation problems. In the year to March 2016, overseas purchases accounted for about a quarter of the country's total consumption.
• 

  Winning Star won a tender to develop state-owned Mrauk-U Hotel in Mrauk-U city, Rakhine State, paying 250 million Kyat a year for a 15-year lease agreement for the 5.54-acre property

  “I want visitors to experience the nature of Mrauk-U. This has been a dream of mine since I joined the travel and tours industry,” said U MaungMaungOkkar, managing director of Winning Star, who defeated nine other bidders for the tender.
• 

  Myanmar's Ministry of Agriculture, Livestock and Irrigation will lower the fees it charges for providing farming services as part of its action plan for the first 100 days under the new government

  While it used to cost K7500 per acre to harrow land, the mechanisation department has reduced that rate to K6500 per acre. Fees for plowing are likewise lower, down from K15,000 per acre to K13,000 per acre, while the service costs for harvesting and threshing have come down from K40,000 per acre to K35,000 per acre.
• 

  The US eases some sanctions on Myanmar to support political reforms and economic growth in the country but retained other measures to discourage human rights abuses and military trade with North Korea

  The United States eased some sanctions on Myanmar on May 17 to support political reforms and economic growth in the country but retained other measures to discourage human rights abuses and military trade with North Korea, US officials said. The moves include easing restrictions on the country's financial institutions, removing seven state-owned companies from the US blacklist and extending a measure allowing shipments to go through ports and airports, the Treasury Department said in a statement.
• 

  Telecommunications firm Ooredoo has chosen TBWA Group Thailand as its branding and creative partner in Myanmar

  We want to bring in the latest technology that will enable the people in Myanmar to get the fastest connectivity and best coverage. We are confident that our partnership with TBWA\Thailand will help us create change and exponentially grow our business,” Charity Safford, chief marketing officer at Ooredoo Myanmar, said.
• 

  The US will promote doing business in Myanmar: a US business delegation will visit Myanmar next week to seek investment opportunities (US Ambassador to Myanmar)

  US business delegations will visit Myanmar next week to seek investment opportunities that will also promote the country’s economic growth, Scot Marciel, the newly arrived US ambassador, announced yesterday.
• 

  The emergence of Yangon Stock Exchange (YSX) may dent local real estate investment (Experts)

  Myanmar’s first stock market was launched on March 25 and some businesspeople commented that existing investment in various industries, including real estate, has weakened.
• 

  The Asian Development Bank (ADB) estimates Myanmar's economic growth at 8.4% this fiscal year and expects a slight fall to 8.3% in 2017

  Rising economic growth and three successive years of falling inflation were among the highlights from the Asian Development Bank’s 2016 predictions for Myanmar as part of its annual economic outlook for Asia.