ข่าวเศรษฐกิจและธุรกิจประจำสัปดาห์

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  Myanmar government will issue new permits for gem mining, including areas near conflict zones: application deadline is 18 January 2016

  The Ministry of Mining invited applications for new permits in August 2015, with a deadline of November 16 that year. It has extended the deadline to January 18 of this year, and says permits will be issued for areas that include jade-rich Hkamti in Sagaing Region, as well as MongShu and Mawhan in Shan State.
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  Myanmar's telecom tax delayed until the new government starts its term in 1 April: the 2016 tax law aims to collect 80 billion Kyat from commercial tax on mobile top-ups

  “Currently, our country’s tax income only accounts for one tenth of one percent of GDP. Myanmar has very low tax revenue compared to other countries. Collection of these taxes is necessary for the upcoming government to operate well,” said U Phone MyintAung, a member of the Upper House of the parliament.
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  Myanmar Investment Commission (MIC) expects on foreign investment to exceed USD 6 billion target until end of this fiscal year

  MIC permitted over 130 foreign investments until December this year, and about 40 investment proposals are in the pipeline, most of them are for manufacturing sector. Meanwhile, MIC says the new government must prioritize improving the legal framework in order to create an investor friendly environment.
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  Myanmar Investment Outlook: Seeking more potential for 2016

  Key topics including financial eco system, local and foreign investments, stability of foreign currency, and preparations of local companies for new investment sector in the coming year.
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  Export & Import value: Monthly report of the Central Statistic Organization under the Ministry of National Planning and Economic Development

  According to monthly report of the Central Statistic Organization under the Ministry of National Planning and Economic Development, Myanmar’ export volume reached over 827.65 million US dollars in November of 2015-2016 fiscal year.
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  Myanmar Fisheries Federation will request the upcoming government to focus on the development of fishery sector

  Vietnam earns $9 billion yearly from fishery sector and Thailand earns $8 billion yearly, a great deal more than Myanmar’s $400 million.
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  Myanmar Oil and Gas Enterprise (MOGE) says a joint venture with foreign companies for importation, storage, distribution and sale of petroleum products will be implemented in March

  The tender for the joint venture with Myanmar Oil and Gas Enterprise (MOGE) was called from July to September and 14 foreign firms bought the application form, the Ministry said.
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  Singapore Myanmar Investco (SMI) has signed a deal with local firm Royal Golden Sky Company to provide merchandising, management and consultancy service for the duty-free retail space at the upcoming Terminal 2 of Yangon International Airport

  The Singapore-listed firm’s wholly-owned subsidiary, SMI Retail Pte Ltd, entered into the agreement covering duty-free, retail and F&B outlets at the new terminal for an initial period of five years, starting March 2016.
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  Myanmar earns over USD 820 million from mineral exports in the first eight month of this fiscal year, which is USD 316 million less than that of the previous year: Ministry of Commerce

  The Ministry of Mines’ scrutinising and supervising committee for mining licences allows mining companies in Mongshu, Namyar, Kandi, Mohnyin and Maw Lu Maw Han areas in accordance with mining laws.
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  Myanmar Thilawa SEZ Holdings to pay a shareholder dividend, at 20% per share

  Along with First Myanmar Investment (FMI), First Private Bank Limited, Great Hor Kham Public, Myanmar Agribusiness Public Corporation (MAPCO)and Myanmar Citizens Bank, Myanmar Thilawa SEZ Holdings Public, is one of only six companies expected to be listed on the Yangon Stock Exchange. Though the exchange opened on December 9, it is expected to start trading only in February or March next year, according to the Myanmar Securities Exchange Supervisory Commission.